Globex Discovers Rare Earth Mineralization in Nevada

TORONTO, Feb. 11, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that it 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.

Globex Mining Enterprises Inc. has made a significant discovery of rare earth mineralization at its property located in Nevada. This report highlights the details of the find, its geological context, and its implications for the mining industry and global rare earth element supply.

The recent exploration activities conducted by Globex in Nevada have unveiled promising signs of rare earth minerals, which are critical components in various high-tech applications, including electric vehicles, smartphones, and renewable energy technologies. The company has focused its efforts on identifying and quantifying these valuable resources, which have become increasingly important in the global shift towards greener technologies.

The geological formations being explored have demonstrated the presence of several key rare earth elements (REEs), including Neodymium, Dysprosium, and Praseodymium. These elements are coveted for their magnetic and conductive properties, making them essential for producing powerful magnets used in electric motors and other electronic devices.

Moreover, the discovery comes at a time when global supply chains for rare earth minerals have been facing disruptions. With geopolitical tensions and trade policies impacting the availability of these resources, the findings from Globex signify a step forward in securing a domestic supply of rare earth elements in North America.

According to industry experts, the market for rare earth minerals is expected to grow substantially, driven by the demand from the electric vehicle sector and renewable energy technologies. The strength of the green energy movement and the increasing reliance on technology in everyday life are fueling this demand.

Globex's discovery also positions the company strategically within the competitive landscape of the mining industry. As countries work towards reducing dependence on foreign sources of rare earths, projects like this could enhance the company’s standing and attract potential investments aimed at expanding mining operations.

The management team at Globex is optimistic about the next phases of exploration and development, as they aim to define and expand the mineral resource base. They plan to undertake further drilling and sampling to better understand the extent and quality of the rare earth mineralization.

In conclusion, the discovery of rare earth minerals by Globex Mining in Nevada is not only a technological and geological milestone but also an economically strategic development in the context of global mineral supply challenges. As the demand for these essential materials grows, so does the opportunity for companies like Globex to lead in the emerging green economy.