Globex Mining highlights Brunswick’s maiden lithium resource estimate
Globex Mining Enterprises Inc. [GMX-TSX, GLBXF-OTCQX, G1MN-Frankfurt] said Monday it is pleased to inform shareholders of the release by Brunswick Exploration Inc. [BRW-TSXV, BRWXF-OTCQB] of a maiden lithium resource on Globex’s Lac Escale Royalty claims (on Brunswick’s Mirage project) in the James Bay area of Quebec. The resource is reported to be among the largest undeveloped hard rock lithium resources in the Americas.
On Monday, Brunswick shares jumped 12.28% or $0.035 to 32 cents. The shares trade in a 52-week range of 33 cents and 10.5 cents. On Monday, Globex shares rose 3.03% or $0.06 to $2.04. The shares trade in a 52-week range of $2.05 and $1.18.
Highlights from the announcement includes a NI 43-101-compliant inferred resource of 52.2 million tonnes of 1.08% Li20 and 131 ppm Ta205 at a cutoff grade of 0.5% Li20 for total contained lithia in excess of 550,000 tonnes. Brunswick has also outlined an additional exploration target of 40 to 50 million tonnes, grading between 0.80% and 1.10% Li20 and 120 ppm and 145 ppm Ta205 indicating a significant opportunity for continued near-term growth at Mirage.
The maiden resource and exploration target are confined to a core area measuring approximately 1.5 by 3.0 kilometres. Substantial exploration potential exists both across this area, as seen in the exploration target, and further along strike, throughout the rest of the property where lithium mineralization is observed up to 3.5 kilometres from the mineral resource estimate area.
Over 70% of the mineral resource estimate is contained within five dykes found above a vertical depth of 150 metres from surface, all of which remain open in all directions.
The maiden mineral resource estimate and exploration target were estimated after 23,626 metres of drilling and 62 channel samples, significantly less than its peer group and similar projects.
“The release of this inferred mineral resource for Mirage cements Brunswick Exploration as one of the most aggressive lithium exploration companies globally,’’ said Brunswick President and CEO Killian Charles in a press release on January 8, 2026. “With an inferred tonnage of 52.2 million tonnes, grading 1.08% Li20, Mirage is already one of the largest undeveloped hard rock lithium resources across the Americas and, with the exploration target, is poised to continue organic and near-term growth over the coming quarters and years,’’ he said. “The MRE further underscores the distinctive status of the Eeyou Istchee Baie-James region for lithium endowment and, between Mirage and our burgeoning Anatacau discovery, where drilling will begin in the coming weeks.’’
The Mirage Project is the flagship lithium exploration asset of Brunswick Exploration, located in the Eeyou Istchee Baie-James region of Quebec, less than 40 kilometres from the Trans-Taiga road. The project covers 278 mining claims representing 13,800 hectares within a well-established hard-rock lithium district and is fully owned by Brunswick.