Globex Mining

In the high-risk world of mineral exploration, one company charted a different course. Globex Mining Enterprises, originally founded as Lyndhurst Mining in 1949, pivoted from being a traditional mining operator to becoming a prospect generator or a "mineral bank." This strategic shift occurred after geologist Jack Stoch gained control of the then-inactive company in 1983. He envisioned a business model that would minimize risk while maximizing upside. Instead of bearing the full cost and risk of exploration, Globex would acquire promising properties, and then option them to other companies. These partners pay Globex in cash and shares, and fund the exploration themselves, while Globex retains a royalty on any future production. This model allows the company to build a diverse portfolio and generate revenue with minimal shareholder dilution. Under Stoch's leadership, the company was reorganized and listed on the Montreal Stock Exchange in 1988, later moving to the Toronto Stock Exchange in 1995. Today, Globex holds over 200 properties across North America and Germany, featuring a wide range of minerals including precious metals, base metals, and specialty minerals. This diversified portfolio, managed by a team including President and CEO Jack Stoch, and President and COO David Christie, continues to generate a steady stream of option payments and royalties, proving the long-term viability of their unique playbook.