Globex announces promising hydrogen initiative at Guigues Silica Project

ROUYN-NORANDA, Quebec, September 11, 2024 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchangeangels and GLBXF – OTCQX International in the US)
is pleased to report an unexpected and promising development related to our Guigues Silica project, located near St-Bruno-de-Guigues, Quebec.

Originally acquired for its potential silica production capabilities, the Guigues property was intended to support our diverse portfolio of advanced silica projects. However, recent hydrogen exploration activities by Quebec Innovative Materials Corp. (QIMC-CSE, 7FJ-FSE) and the Institut National de la Recherche Scientifique (INRS) in the vicinity have revealed significant hydrogen concentrations. Their latest announcement, dated September 4, 2024, highlights the discovery of hydrogen at levels in excess of 1,000 ppm, well above the instrumental detection limit. See map below.