Globex Purchases Underlying Royalties and Consolidates Value
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Globex Mining Enterprises Inc. has agreed to purchase three gold royalties from IAMGOLD Corporation, enhancing its asset base. The royalties cover properties with significant gold mineralization in Quebec.
March 18, 2025 | 11:30 am
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Globex Mining Enterprises Inc. is acquiring three gold royalties from IAMGOLD Corporation, which could enhance its asset value and future revenue potential.
The acquisition of gold royalties from IAMGOLD is a strategic move for Globex, potentially increasing its asset value and future revenue streams. This is likely to positively impact the stock price in the short term as investors may view this as a value-enhancing transaction.
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