Discovery Of Rare Earth Mineralisation In Lincoln County

TORONTO – Globex Mining Enterprises Inc. has acquired by staking through its wholly owned subsidiary Globex Nevada, a contiguous block of unpatented lode mining claims in Lincoln County, southeastern Nevada, linearly 170 km northeast of Las Vegas. Simultaneously with the acquisition of the Gem Hills Property rare earths property, Globex completed a prospecting and sampling program.
Sampling returned significantly high-grade rare earth oxide (REO) values assaying between 0.28% and 5.26% TREO and averaging about 1.7% TREO containing up to 18.97% HREO and 35% Nd2O3 +Pr2O3. Sampling results were characterized by high grade TREO (total rare earth oxides) and local enrichment of the (more valuable) heavy rare earth elements (HREE). Gem Hill REE mineralisation identified in trenches and sampling shows an exposed strike length of at least 90 m along a NE-orientated segment, and potential 40 metre extent to the west. and REE mineralisation is open to the south and north but is concealed under overburden.
The property herein called the Gem Hills Project was staked to cover rare earth elements (REE) mineralisation that had been discovered in 2024 by Globex during a regional prospecting campaign. The project is located outside any known mining district. Several small historic prospects and two shallow shafts date probably back to the 1930’s to early 1940’s. These old workings explored and mined at small scale massive limonite (iron-oxide) and manganese oxides not rare earths.
In 2024 Globex had collected already 13 surface rock samples within and in the vicinity of the Gem Hills property. In late 2025 a total of 39 rock samples (34 within the property), including 17 channel samples, had been collected from seven hand dug trenches, from prospect dumps and rock outcrops.