Globex Mining Enterprises Inc. announces an update on Cerrado Gold Inc.’s Mont Sorcier high purity magnetite iron project in Quebec. Feasibility study targets completion by Q2/2026, with a 60% increase in production rate to 8 million tonnes per annum. Phased production start and additional drilling to enhance resource database.

Cerrado Gold Inc. reveals key updates to the Mont Sorcier feasibility study, including increased production rate, higher capital costs for phase one, and lower costs for phase two. The project remains on track for ESIA submission in Q4/2026 and potential construction start in mid-2028 pending permits and financing.

Globex Mining Enterprises Inc. expresses satisfaction with Cerrado’s progress on the Mont Sorcier project. Shareholders can access detailed information in Cerrado Gold Inc.’s press release dated November 10, 2025. Forward-looking statements caution investors on potential risks and uncertainties related to the project’s development and outcomes.

Read more at GlobeNewswire: Cerrado States that Mont Sorcier Feasibility Contemplates a