Globex Mining Enterprises Inc. announced that Ontario Government has granted a twenty-one year mining lease covering 413.14 hectares (125.92 acres), the site of Globex's proposed talc magnesia mine in Deloro Township, thirteen kilometers south of Timmins, Ontario. The lease assigns to Globex all mines, ores, minerals and mining rights in, upon and under in the area covered by lease (CLM 490). This is the result of the concerted and excellent work by staff and consultants moving the project forward step by step.

The Deloro Township mining lease is centered on its Timmins Talc Magnesite (TTM) deposit. The resource study covered only the first 20 years of the potential production by open pit from the property. The resource is open in all directions and to depth.