Globex Mining Enterprises Inc. Announces Significant Drill Results from Manganese X Energy Corp.’s Battery Hill Property
On April 10, 2025, Globex Mining Enterprises Inc. (GMX) released a press announcement to shareholders regarding the latest drill results reported by Manganese X Energy Corp. (MN) at the Battery Hill manganese property in New Brunswick. The property is significant for Globex as it holds a 1% gross metal royalty.
New Drill Results
Manganese X Energy Corp. has reported 12 new drill holes, totaling 1,393 metres, in the Moody Hill and Sharpe Farm sectors of the property. These results come in addition to the 93 drill holes previously reported. The intersections reported are impressive, with one reaching up to 72.6 metres (238 feet).
Globex’s Involvement
Globex Mining Enterprises Inc. is not only a royalty holder at the Battery Hill property but also a significant shareholder in Electric Royalties (ELEC), which holds a 2% gross metal royalty on the property. This dual involvement provides Globex with increased exposure to potential manganese discoveries and the potential for increased revenue.
Impact on Individual Investors
For individual investors holding shares in Globex Mining Enterprises Inc., these new drill results could be a positive sign. The successful exploration of manganese deposits at the Battery Hill property could lead to increased demand for Globex’s shares due to the potential for increased revenue from royalties. However, it is essential to remember that investing always carries risk, and the exploration stage of mining projects can be unpredictable.
Impact on the World
Manganese is a critical metal used extensively in the production of batteries for electric vehicles, making the discovery of significant manganese deposits essential for the transition to renewable energy. The successful exploration of the Battery Hill property could contribute to the global supply of manganese and reduce the reliance on countries like China, which currently dominates the market. This could lead to increased competition and potentially lower prices for consumers in the long term.
Conclusion
Globex Mining Enterprises Inc.’s announcement of the latest drill results from Manganese X Energy Corp.’s Battery Hill property is an exciting development for both the company and the manganese industry. For Globex shareholders, these results could lead to increased demand for their shares due to the potential for increased royalty revenue. For the world, the successful exploration of significant manganese deposits could contribute to the global supply of this critical metal, reducing reliance on dominant markets and potentially leading to lower prices for consumers. As always, investing carries risks, and it is essential to do thorough research before making any investment decisions.
- Globex Mining Enterprises Inc. (GMX) holds a 1% gross metal royalty on Manganese X Energy Corp.’s (MN) Battery Hill manganese property in New Brunswick.
- Manganese X Energy Corp. has reported 12 new drill holes, totaling 1,393 metres, in the Moody Hill and Sharpe Farm sectors of the property.
- One intersection reported was up to 72.6 metres (238 feet).
- Globex is also a significant shareholder in Electric Royalties (ELEC), which holds a 2% gross metal royalty on the property.
- The discovery of significant manganese deposits could lead to increased demand for Globex shares and potentially increased revenue.
- The successful exploration of the Battery Hill property could contribute to the global supply of manganese, reducing reliance on dominant markets and potentially leading to lower prices for consumers.
