10:48 AM EDT, 04/09/2025 (MT Newswires) -- Globex Mining Enterprises ( GLBXF ) on Wednesday rose 4.8% after the company said Renforth Resources ( RFHRF ) reported a 29% increase in the gold resource at Globex's 3% Gross Metal Royalty Parbec Gold Deposit property.

The company said 12% of the new mineral resource estimate is in the Measured category and 61% is in the Indicated category, which is demonstrating "a greater confidence" in the resource located in Malartic Township on the gold localizing Cadillac Break, about 4.8 km west-northwest of the large Canadian Malartic Gold Mine open pit and adjoining the East Amphi Gold deposit at its east boundary.

Shares of the company were last seen up $0.060 at $1.31 on the Toronto Stock Exchange.

Price: 1.31, Change: +0.06, Percent Change: +4.80