Business
Emperor Metals Renews Option on Duquesne West Gold Project
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - EMPEROR METALS INC. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH ) ("Emperor" or the "Company") is pleased to announce that it has paid Duparquet Assets Ltd., a private company owned 50% by Globex Mining Enterprises ("Globex"), the third year's option payment to maintain Emperor's option on the Duquesne West property in Duparquet township, Quebec, NTS-32D06. The option renewal for 2026 consisted of a $1,000,000 cash payment and the...
About this update from Globex Mining Enterprises Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - EMPEROR METALS INC. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH ) ("Emperor" or the "Company") is pleased to announce that it has paid Duparquet Assets Ltd., a private company owned 50% by Globex Mining Enterprises ("Globex"), the third year's option payment to maintain Emperor's option on the Duquesne West property in Duparquet township, Quebec, NTS-32D06. The option renewal for 2026 consisted of a $1,000,000 cash payment and the issuance of 3,263,133 common shares of Emperor equivalent to $600,000 based upon a 20-day volume weighted average price.","length":663,"tagName":"p"},{"type":"text","content":"CEO John Florek Commented: "We are pleased to continue advancing under this option agreement. The Maiden Mineral Resource Estimate (MMRE), released on July 9, 2025, more than doubled the size of the resource. In addition, we remain confident that ongoing drilling will continue to add both quality and scale to the gold inventory in this deposit. The discovery of visible gold has the potential to materially enhance both grade and total contained ounces, particularly within an open-pit mining scenario." ","length":515,"tagName":"p"},{"type":"text","content":"With approximately $11.1 million in working capital (as per the October 17, 2025 press release), Emperor is well positioned to execute a focused and sustained exploration program. The Company has announced the commencement of a 10,000 to15,000 metre diamond drilling campaign at its flagship Duquesne West Gold Project in Quebec as part of the 2025 to 2026 winter exploration season.","length":383,"tagName":"p"},{"type":"text","content":"In addition, more than 8,000 metres of historical drill core will be assayed, which is expected to contribute incremental, previously overlooked gold ounces within the open-pit environment. This work has the potential to reduce strip ratios and enhance future project economics. Additional drill results are pending.","length":316,"tagName":"p"},{"type":"text","content":"The Duquesne West property straddles the Porcupine-Destor Fault, several kilometres east of Duparquet, Quebec. The recently completed MMRE highlighted the project's strong potential, underpinning a new initial resource that more than doubled the historical estimat...