Globex Mining Gets TSX Approval for Share Repurchase Program

MT newswire2026/10/09 17:03

01:03 PM EDT, 10/09/2026 (MT Newswires) -- Globex Mining Enterprises (GMX.TO) received approval from the Toronto Stock Exchange (TSX) for its normal course issuer bid (NCIB), it said in a statement on Friday. The company may buy back for cancellation up to 1-million common shares, about 1.76% of its issued and outstanding shares as of Oct. 1, 2026, over one year starting Oct. 15 and ending on Oct. 14, 2027. Globex had 56.9-million common shares issued and outstanding as of Oct. 1, of which 48.7-million shares constituted the "public float," it said. The company also entered into an automatic share purchase plan. Shares of the company were last seen up 7.1% at CA$2.25 on the TSX. Price: 2.25, Change: +0.15, Percent Change: +7.14

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