Globex Mining Enterprises Inc. - at home in North America Globex Mining Enterprises Inc. | Contact Us | Join Our Email List | Home |  Disclaimer 
 
 
 
 
 
Globex Properties

Mid-Tennessee Deposit - Zinc Royalty
Gordonsville, Tennessee, USA

In 2007, Globex acquired a Gross Metal Royalty interest in the Mid-Tennessee Zinc Mines (Gordonsville, Elmwood and Cumberland Mines) being a participant within Strategic Resource Acquisition Corporation (SRA) in the acquisition of significant zinc assets in the State of Tennessee, USA.

In 2009, Globex royalty remained intact when Nyrstar purchased the Mid-Tennessee Zinc Corporation (MTZ) assets, a wholly owned subsidiary of SRA. The royalty is a 1.4% Gross Metal Royalty (GMR) on all zinc production from the Mid-Tennessee Zinc mines at a LME Zinc prices of, at or over US$1.10 per lb or 1% GMR between US$0.90 and US$1.09 per lb.

Nyrstar Tennessee Mines

 

Globex had been receiving royalties since 2010 when the price conditions mentioned above were met.  On December 7th 2015, Nyrstar announced that they were placing Mid-Tennessee Mines on care and maintenance.

On April 27th 2016, Nyrstar reported the 2015 Mid-Tennessee Mine Mineral Resource and Mineral Reserve Statement as follows:

 

click here to view property locations
Globex Mining Quick Links

Press releases related to this property

August 14, 2017
Second Monthly Royalty Payment Received by Globex
(English)

July 24, 2017
Globex Receives First Royalty Payment from Mid Tennessee Royalty
(English)

September 27, 2016
Globex Royalty Stream will Restart with Production - Nyrstar to Reopen Mid-Tennessee Mines
(English)

July 21, 2014
Globex Receives Positive Results on Talc Testing, Royalty Income Increases, Drilling to Start Shortly
(English) | (Deutsch) | (Français) |

October 13, 2011
Globex Update - Projects Advance on Many Fronts
(English) | (Français) | (Deutsch) |

September 28, 2009
Globex Royalty: Tennessee Zinc Mine Reopening
(English) | (Deutsch) | (Français) |

July 13, 2009
Shareholders' Update
(English) | (Deutsch) | (Français) |

May 5, 2009
Globex Royalty Remains Intact - Nyrstar Purchases Mid-Tennessee Zinc Asset
(English) | (Deutsch) | (Français) |

May 15, 2008
Globex Reports Record Quarter on Royalties and Other Revenue
(English) | (Deutsch) | (Français) |

March 12, 2008
Globex Royalty Properties: Additionnal Gold Intersection in The Boucher Gold Zone - New Zinc Zone and Production Ramp Up at Tennessee Mine
(English) | (Deutsch) | (Français) |

February 21, 2008
Update: Work on Globex Properties
(English) | (Deutsch) | (Français) |

November 21, 2007
Globex update on activities
(English) | (Français) |

June 13, 2007
Globex's Updates Financial Prospects for Next 12 Months
(English) | (Français) |

May 30, 2007
Tennessee Zinc Mines Take Important Step Forward
(English) | (Français) |

January 17, 2007
Globex acquires royalty and share interest in Tennessee Zinc Mines
(English) | (Français) |


Partner News related to this property

September 27, 2016
Nyrstar Announces Restart of Middle Tennessee Mines to Increase Cash Flow
(English)

August 12, 2014
Nyrstar Mid Tennessee Mine Ore Reserves as at December 31, 2013
(English)

 
 
© Copyright 2017 Globex Mining Enterprises Inc. All rights reserved | Admin | Privacy | Terms of Use |  Disclaimer  |