Globex Mining Enterprises Inc. has acquired a block of mining claims in Nevada with high-grade rare earth oxide values, averaging 1.7% TREO. The Gem Hills Property shows an exposed strike length of 90 meters with potential for further mineralization. The property is strategically located near MP Materials’ Mountain Pass REE mine, supported by the U.S. government for defense and tech industries.

Historic prospects in the Gem Hills Project date back to the 1930s-40s, exploring iron-oxide and manganese oxides. Sampling in 2025 revealed high REE values, with an average of 1.7% TREO and up to 35% Nd2O3 +Pr2O3. The property is located at the southeastern margin of the Caliente Caldera Complex, offering a unique opportunity for REE mineralization without radiation anomalies.

Globex’s Gem Hills REE project showcases high TREO content and heavy rare earth elements such as Dysprosium and Terbium. Sampling revealed REO values ranging from 0.28% to 5.26% TREO, with HREO averaging about 8%. The mineralization at Gem Hills does not exhibit radiation anomalies, making it an environmentally friendly and valuable source of REE for modern technology.

X-ray diffraction testing identified the principal mineral assemblage at Gem Hills as dolomite/calcite-nacrite-gibbsite-Mn-oxides-fluorite-monazite. The mineralization resulted from a complex magmatic-hydrothermal evolution, unique in its composition and type. The property is currently under study for future exploration programs or options, offering a promising opportunity for REE recovery.

Read more at GlobeNewswire: Globex Discovers Rare Earth Mineralisation in Nevada