05:13 PM EDT, 07/26/2024 (MT Newswires) -- Globex Mining Enterprises Inc. ( GLBXF ). (GMX.TO) announced Friday that the Toronto Stock Exchange has approved the renewal of Globex's normal course issuer bid (NCIB).

Under the renewed NCIB, Globex will be entitled to repurchase for cancellation up to 1 million common shares, representing approximately 1.78% of Globex's issued and outstanding shares as of July 19, 2024, over a 12-month period starting on Aug. 2, 2024 and ending on Aug.1, 2025.

Globex had 56.29 million common shares issued and outstanding as of July 19, 2024, of which 48.7 million shares constituted the "public float."