Globex Options Kachiwiss Uranium Area Properties
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,256,836 shares issued and outstanding
April 18, 2024
Globex Options Kachiwiss Uranium Area Properties
Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN –
Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTM zero, Düsseldorf and Quotrix
Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that it has entered
into an option agreement wherein Victory Battery Metals Corp. (VR-CSE, VRCFF-OTC Pink, VR6-FWB) may earn 100%
interest in four Globex claim groupings in the Sept Iles region of Quebec.
The claims cover the Kachiwiss Uranium deposit with a reported historical, non -Ni 43 -101, possible resource of
16,598,000 tonnes grading 0.016% U 3O8 within a pegmatic dyke oriented NW45 o. T he zone, as currently defined ,
measures 975 metres long by 610 metres to 760 metres wide and is open. Metallurgical test work suggests recoveries
of up to 92.9% can be achieved. (Source: Quebec Government files in Sigeom)
In addition to the Kachiwiss deposit, the option includes a large package of claims covering lake bottom sediment
sample uranium anomalies farther to the north. In total, 156 mining claims make up the package with Globex retaining
a 10-kilometre area of mutual interest surrounding the current claim blocks. Under the agreement, Globex will receive
$400,000 in cash and 1,500,000 Victory shares over 3 years with Victory undertaking $3,000,000 of work on the
claims over a 4-year period. Globex also retains a 3% Gross Metal Royalty on all metals, minerals, elements or
compounds including but not limited to uranium, thorium or any other marketable product from the claims. Victory
may, at anytime, purchase 1% GMR from Globex for a single cash payment of $1,000,000.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his cap acity as a Qualified Person
(Q.P.) under NI 43-101.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)
CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
www.globexmining.com
Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve
a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially
different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-
looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available
in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.