Globex Mining Royalty Partner Radisson Begins Advanced Underground Exploration at O'Brien Project

Corporate Action
โดย GlobeNewswire·CA·Read original
Summary · why it matters

Globex Mining Enterprises Inc. announced that Radisson Mining Resources has commenced an advanced underground exploration program at the O'Brien Project, where Globex holds a 1% GMR New Alger Royalty and a 2% NSR Kewagama Royalty. The program is supported by a C$57.16 million investment from Agnico Eagle Mines Limited into Radisson, and is intended to provide geological, geotechnical, and operational information to evaluate mining options and future development scenarios. The underground work is expected to include an access ramp, related infrastructure, and water management facilities, with engineering and permitting to begin immediately. Radisson will also continue its 140,000 metre step-out drill program. Globex additionally holds 100% ownership of the adjacent Cadillac Wood project immediately east of O'Brien.

Impact on stocks 2

Critical Materials & Supply Chain▲ · 1 stocks
Agnico Eagle Mines Limited
AEM
▲ PositiveCapitalrelevance

Agnico Eagle's C$57.16 million investment in Radisson supports the O'Brien project, potentially benefiting its stake.

Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 2

Radisson Mining Resources Inc.Private▲ Positive
Technologyrelevance

Radisson begins advanced underground exploration at O'Brien, a key development for the project.

Globex Mining EnterprisesPrivate▲ Positive
Capitalrelevance

Globex holds royalties on O'Brien and owns adjacent Cadillac Wood, benefiting from Radisson's exploration progress.

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