Globex Discovers Rare Earth Mineralisation in Nevada
Globex’s Nevada rare earth discovery features high-grade intercepts, bolstering its royalty portfolio to critical mass.
The most recent news release (February 11, 2026) announces that Globex Mining Enterprises, through its subsidiary Globex Nevada, has acquired the Gem Hills Rare Earth Property in Lincoln County, Nevada, via staking. Concurrent with the acquisition, the company conducted a sampling program that yielded high-grade Total Rare Earth Oxide (TREO) results. Assays ranged from 0.28% to 5.26% TREO, with an average of approximately 1.7%. The mineralization is enriched in high-value Heavy Rare Earth Elements (HREO) and magnet metals (Neodymium and Praseodymium). The discovery is currently exposed over a 90-meter strike length and remains open.
- Low-Cost Asset Creation: The acquisition via staking represents the lowest possible entry cost for a new project. For a project generator like Globex, creating value from "open ground" is a primary performance indicator.
- Diversification into Critical Minerals: While Globex has a heavy gold and lithium focus, the Nevada REE discovery adds a high-value "green energy" component to the portfolio in a tier-one jurisdiction (USA).
- Project Generator Model Validation: The grades (averaging 1.7% TREO) are significantly high for a surface sampling program. This makes the property a prime candidate for an option agreement, where a third party would pay Globex in cash and shares to earn an interest, while Globex retains a Gross Metal Royalty (GMR).
- Financial Strength: This news follows a January 2026 update confirming a cash and share position of C$40 million. The company is effectively a "mining bank" with enough capital to explore its 260+ assets without diluting shareholders.
Globex is a diversified "Project Generator" that acquires mineral properties, adds value through initial exploration/modeling, and then options or sells them while retaining royalties. - Flagship Project (Owned): Ironwood Gold Deposit (Cadillac, Quebec). Recent 2025 NI 43-101 update: Indicated 108,528 oz Au (14.38 g/t) and Inferred 8,614 oz Au (7.22 g/t). - Major Royalty Assets: - 3% GMR on Brunswick’s Lac Escale (Mirage) Lithium project. - 3% GMR on Cartier’s Chimo/Nordeau gold claims. - 2% NSR on Iamgold’s Fayolle gold mine (currently producing/generating cash). - 1% GMR on Cerrado Gold’s Mont Sorcier Iron Ore deposit.