10:43 AM EST, 02/04/2025 (MT Newswires) -- Globex Mining Enterprises ( GLBXF ) has seen its shares edge up on the TSX after it reported Tuesday updates regarding metallurgical test work related to two its royalty properties.

In a statement it noted Radisson Mining Resources (RDS.V) announced initial milling test results regarding gold ore from the O'Brien project. The project comprises the Kewagama gold mine, on which Globex holds a 2% net smelter royalty, and the New Alger gold mine, on which Globex holds a 1% net smelter royalty.

Globex said Radisson reported gold recoveries of between 86% to 96% based upon a series of flow sheet options compatible with the Doyon-Westwood mill with minimal or modest additional capital.

Thus, Radisson concludes that the Doyon-Westwood mill is a feasible processing option for the O'Brien ore.

Meanwhile, Brunswick Exploration ( BRWXF ) reported metallurgical results from test work on drill core samples from the Mirage project, which hosts the Lac Escale claims, on which Globex owns a 3% gross metal royalty.

Among highlights, Globex noted Brunswick reported preliminary recoveries of 76% producing a spodumene concentrate grading 5.5% lithium oxide for HLS testing and recoveries of 68.4% producing a spodumene concentrate grading 5.7% lithium oxide for DMS testing both at coarse grain size.

With these positive test results, Globex said Brunswick plans further metallurgical work and is focused on continuing drill exploration to advance the project to a first resource estimate.

Price: 1.52, Change: +0.01, Percent Change: +0.66