Key Highlights
- Globex Mining expanded its Gem Hills rare earth claim block to 20 unpatented lode claims.
- The company said the Nevada property now covers 167.22 hectares on Bureau of Land Management land.
- Globex also summarized prior sampling and new mineralogy work received on October 19, 2026.
Globex Mining Enterprises Inc. (TSX: GMX) has expanded its Gem Hills rare earth elements property in Nevada by staking additional ground, increasing the contiguous claim block to 20 unpatented lode claims.
The company said the Gem Hills project sits on the eastern flank of the Clover Mountains in Lincoln County, southeastern Nevada, about 170 km northeast of Las Vegas. Globex initially acquired the project in October 2025 by staking eight unpatented lode claims.
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Globex said each claim covers 8.36 hectares, for a total surface area of 167.22 hectares. The claims are on Bureau of Land Management public land and, according to the release, are outside designated conservation areas.
Alongside the land position update, Globex provided a summary of exploration work it previously described in a February 11, 2026 press release. The company described rare earth element mineralization discovered during a 2024 regional prospecting campaign and said surface sampling and trenching in 2024 and 2025 outlined an initial mineralized footprint along a 90-metre strike length that remains open to the north and south.
Sampling and mineralogy work described by Globex
Globex highlighted results from 34 rock samples collected during an autumn 2025 program (and one 2024 sample). It reported that 18 samples returned total rare earth oxide (TREO) values ranging from 0.28% to 5.26% TREO, with an average of about 1.7% TREO. The company also reported that heavy rare earth oxides averaged 8% of TREO (up to 19%), and that combined neodymium and praseodymium oxides averaged 13.7% of TREO, with a peak combined grade of 1.14% (equivalent to 11.4 kg/t).
The release also described mineralogical work using high-resolution synchrotron X-ray diffraction (XRD) on three powdered channel samples that it said were analyzed at beamline ID31 at the European Synchrotron Radiation Facility, with the final report received on October 19, 2026. The three samples were reported as: H-07 (1.889% TREO over 0.60 m from Trench E), H-25 (2.281% TREO over 0.95 m from Trench C), and H-29 (2.642% TREO over 1.75 m from Trench B).
Globex said bastnaesite was the only discrete rare earth mineral phase detected, occurring in trace amounts up to 0.18%, and that more than 90% of the rare earth mineralization is adsorbed to clay minerals including nacrite, gibbsite, and nordstrandite.
The press release was prepared by Matthias Jurgeit, Eurogeologist, under the supervision of Jack Stoch, P.Geo., Chief Executive Officer and Executive Chairman, who the company identified as a Qualified Person under National Instrument 43-101.
The original press release is available on stockhouse.com
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