Globex Sells Another Saskatchewan Alkali Disposition
April 15 2024 - 10:37AM
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) is pleased to inform shareholders
that it has acquired and then sold another sodium sulphate Alkali
Disposition in Saskatchewan to Edison Lithium Corp. (EDDY-TSXV,
EDDYF-OTC, and VVO-FSE). Globex has received $200,000 in cash, and
will receive $50,000 in Edison stock based on the five-day volume
weighted average closing price on the TSX Venture Exchange and a 2%
Gross Revenue Royalty from commercial production.
The Whiteshore property is the fifth Alkali
Disposition sold to Edison in Saskatchewan, the others being the
Ceylon Lake, Freefight Lake and the North and South areas of Capri
Lake. Sodium is an important ingredient in sodium-ion battery
formulations. Shareholders wishing information on sodium-ion
batteries are directed to the website,
www.sodiumbatteryhub.com.
This press release was written by Jack Stoch,
Geo., President and CEO of Globex.
We Seek Safe Harbour. |
Foreign Private Issuer 12g3 – 2(b) |
|
CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470
info@globexmining.comwww.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.
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