Commodities

Mont Sorcier Optimization Studies Delay Bankable Feasibility Study, Key ESIA Filing Remains on Schedule

TORONTO, July 15, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) reports that Cerrado Gold Inc. (CERT-TSXV, CRDOF-OTCQX) (Cerrado) have elected to extend the completion date on the Bankable Feasibility Study at its Mont Sorcier high grade iron ore deposit in the Chibougama

Globex Mining Enterprises Inc.July 15, 20266 min read
Mont Sorcier Optimization Studies Delay Bankable Feasibility Study, Key ESIA Filing Remains on Schedule

About this update from Globex Mining Enterprises Inc.

TORONTO, July 15, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) reports that Cerrado Gold Inc. (CERT-TSXV, CRDOF-OTCQX) (Cerrado) have elected to extend the completion date on the Bankable Feasibility Study at its Mont Sorcier high grade iron ore deposit in the Chibougamau region of Quebec where Globex owns a 1% GMR royalty. Cerrado intends to review numerous optimization and trade off opportunities that have been identified during the BFS process as having the potential to materially enhance the overall value of the project. Highlights of the Optimization and Trade Off opportunities discussed in the Cerrado Gold press release. Mont Sorcier Feasibility Updated Timeline

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