Nevada

Globex Discovers Rare Earth Mineralisation in Nevada

Published

3 weeks ago

February 11, 2026

Globex Discovers Rare Earth Mineralisation 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 Exch anges 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.

Highlights of Property Sampling/Prospecting (see Exhibit 1, for property location and Exhibit 2 for sample locations):

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.

Exhibit 1. Location map of Globex’s Gem Hills Rare Earth Elements (REE) Property.

Exhibit 1 shows the location of the Gem Hills property and the location of MP Materials Mountain Pass REE mine and the Virgin Mountain REE project (optioned from Globex to Lodestar Minerals Ltd.). Mountain Pass accounted for approximately 12% to 14% of the world’s rare earth mined output (mainly LREE). The U.S. government, primarily through the Department of Defense (DoD), provides significant support to MP Materials’ Mountain Pass rare earth mine, including a major 2025 loan for heavy rare earth separation, grants for processing upgrades, and a price-floor agreement for Nd/Pr all aimed at securing a domestic supply chain for defense and high-tech industries, reducing REE reliance on China, and boosting U.S. industrial independence.

History, Geology, Sampling by Globex

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.

The Gem Hills property lies at the southeastern margin of the Caliente Caldera Complex, situated in the extreme southeast of the Great Basin geological province. Felsic and intermediate calc-alkaline volcanic rocks erupted between 24 and 18 Ma from the caldera complex during the Late Oligocene until Early Miocene. In the district around the Gem Hills project appear numerous isolated (some several km across) geological windows of Lower Paleozoic carbonate-rocks surrounded by mostly extrusive volcanic rocks erupted from the Caliente Caldera. Isolated small intrusive stocks or plutons of mostly Tertiary age appear locally at the margin of the Caliente Caldera Complex.

Oldest rocks in the property area are generally thick bedded massive limestone and dolomite, probably of Devonian age. These rocks appear in an isolated irregular-shaped domain of carbonate rock measuring about 2.5 km E-W and 2 km N-S. It is surrounded by mid Tertiary volcanic rocks erupted from the Caliente Caldera. Those comprise lava flows, breccias, tuff and subvolcanic stocks/dikes of andesite & dacite, latite, quartz-latite and rhyolite. Part of the southern portion of the property is dominated by an almost rectangular-shaped SW-NE orientated intrusive stock of subvolcanic mostly porphyritic alkaline monzonite and syenite with dimensions of about 500 x 800 m.

REE mineralisation occurs along the east side of a north trending limestone/dolomite “nose” in faulted contact to felsic volcanic rocks (mainly latite). The contact dips steeply W and E and is not linear, but undulated with several indentations. Larger mineralized zones developed in these indentations or deeper embayments. Locally near the contact appear also massive limonite bodies, limonite replaces here latite breccias. These limonite pockets are short, but can approach width of up to 3-5 m. However limonite bodies do not carry any rare earth mineralization. The REE mineralisation developed directly at the brecciated/faulted contact to the Devonian limestone/dolomite, extending further away as mixed clayey breccia zone of carbonate rock and volcanic rock with lower grades, locally extending also into argillic-phyllic altered volcanic rocks. Apparently especially the carbonate fragments had been replaced by REE minerals and mostly, but not always, also by more or less abundant black manganese oxide minerals.

Highest grades with highest HREE (heavy rare earth elements) contents came from a mine dump derived from an about 8-10 m deep shaft and from a smaller prospect dump. Total mineralisation width could not always be exposed by the trenching due to deeper overburden, but varies between about 1.0 m and up to at least 5.0 m. Sampling & trenching indicated that mineralisation extends at least along a 90 m long NE-orientated segment, whereas mineralisation in indented zones may extend to the west into the limestone domain for up to 40 m away from this NE trending contact line limestone/dolomite to volcanic rocks. REE mineralisation is open to the south and north but is concealed under deeper overburden.

Exhibit 2. Geology of Globex Gem Hills Property REE zone that has been mapped and defined by sampling (including 17 channel samples) of historic mine dumps and 7 hand-dug trenches.

Geology of Globex Gem Hills Property REE zone

The Gem Hills REE project is characterized by high TREO (total rare earth oxides) and local enrichment of the (more valuable) heavy rare earth elements (HREE). Gem Hills mineralisation contains considerable amounts of the high-value REE from the light rare earth group (LREE) praseodymium, neodymium and from the HREE group gadolinium , terbium, dysprosium , holmium and erbium.

Furthermore, mineralisation contains abundant yttrium with up to 0.435% Y2O3 (low value in China, but at times very high prices in Europe, USA and Canada due to sanctions and restrictions).

From 34 rock samples collected within the property in autumn 2025, 18 samples returned significantly high rare earth oxide (REO) values (plus one sample collected in 2024) assaying between 0.28% and 5.26% TREO and averaging about 1.7% TREO. The share of HREO from TREO varies greatly between about 2% and up to 19% , averaging about 8%. Highest HREO share was found in prospect dump samples. The share of high-value REO (these include highly priced HREO and LREO) varies greatly between 1.5% and 39.7%, averaging about 17%. The share of the LREO Nd2O3 + Pr2O3 from TREO varies greatly between 1.0 and up to 35% averaging 13.7% and approaching a maximum combined grade of 1.14% (11.4 kg/t Nd2O3 + Pr2O3). (Note : surface rock and grab samples, by their nature, are selective samples and may not represent true underlying mineralisation.)

Locally some of the most expensive HREE are strongly enriched, those include Dysprosium and Terbium. Highest Dy2O3 grade was 0.09% (0.9 kg/t) and highest Tb2O3 grade was 0.016% (0.16 kg/t).

It is worth noting that the Gem Hills REE mineralisation is not associated with any radiation anomaly (essentially absence of uranium and thorium). High-grade, low-radioactivity REE deposits offer a “cleaner,” cheaper, and safer path to supplying essential REE for modern technology, making them highly valuable. However, most of these low-radioactivity REE deposits (mostly carbonatite-tied deposit type) cannot cover the required industrial demand in HREE. Gem Hills with its extremely low radiation levels (actually background levels) and relatively high share of HREE offers a unique opportunity for recovery of LREE and HREE without the environmental impact of high radioactivity REE ore.

Major mineral phases had been identified by X-ray diffraction (XRD) testing of four high-grade samples through SGS TEC Services, Lawrenceville, Georgia. The principal mineral assemblage of high-grade ore is dolomite/calcite-nacrite-gibbsite-Mn-oxides-fluorite-monazite. The REE-rich mineral paragenesis at the faulted/brecciated contact between Tertiary felsic volcanics and Paleozoic sedimentary carbonate rocks formed by hydrothermal-metasomatic carbonate replacement, probably through a complex multi-stage magmatic-hydrothermal evolution with a transition from high-temperature, near-neutral fluid transport to a low-temperature, acidic, and highly oxidative environment. Less than 10% of REE are contained in monazite, the bulk of REE might be contained in fluorite, in yet unidentified minor mineral phases (below the 2-3% detection limit of the XRD testing) or is adsorbed to nacrite and gibbsite. Gem Hills REE mineralization with its unusual mineral assemblage stands alone and appears to represent a new hydrothermal-metasomatic REE deposit type.

The Gem Hills REE property is currently being studied for future exploration programs or option.

Table 1. Selected Sample List with REO Assay Results from Gem Hills REE property

Selected Sample List with REO Assay Results from Gem Hills REE property

Analytical Methods

Samples were placed in labelled plastic bags, sealed with a plastic zip and shipped to American Assay Laboratories (AAL) in Sparks, Nevada, USA for preparation and geochemical analysis. AAL is an ISO 17025 certified laboratory. Samples are crushed and a 300 g subsample pulverized to >85% to -75 micron. All samples had been assayed with the IO-4AB51 method for 51 elements including all REE with 4 acid digestion (HNO3, HF, HClO4, HCl and H3BO3). 4AB is a near total digest (resistant phases e.g. corundum, ilmenite, rutile et al., are not digested). With this 4AB digest rare earth >10000 ppm will cause double fluoride precipitation (causing lower readings than real REE grades). Digest is then analyzed with ICP-OES in ppm. Typical internal standards and checks were completed by AAL during analysis. All those samples that returned >1000 ppm in any REE with the IO-4AB51 method had been re-assayed for 27 elements with method IO-NF27. In total 17 samples had been re-assayed. Samples are fused with sodium peroxide flux for total digestion. Fused sample is then dissolved and analyzed via ICP-OES in ppm.

This press release was prepared by Matthias Jurgeit, Eurogeologist under the supervision of Jack Stoch, P.Geo., CEO & Executive Chairman of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

We Seek Safe Harbour.	Foreign Private Issuer 12g3 – 2(b)
	CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir. CEO & Executive Chairman Globex Mining Enterprises Inc. Suite 219, 120 Carlton Street Toronto, Ontario, Canada, M5A 4K2	Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com www.globexmining.com

Forward-Looking Statements: Except for historical information, this news release may contain certain “forward-looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDARplus.ca

Photos accompanying this announcement are available at
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Nevada

Nevada debuts public option amid federal health care shifts

Published

7 hours ago

March 1, 2026

Press Room

Nevada debuts public option amid federal health care shifts

More than 10,000 people have enrolled in Nevada’s new public option health plans, which debuted last fall with the expectation that they would bring lower prices to the health insurance market.

Those preliminary numbers from the open enrollment period that ended in January are less than a third of what state officials had projected. Nevada is the third state so far to launch a public option plan, along with Colorado and Washington state. The idea is to offer lower-cost plans to consumers to expand health care access.

But researchers said plans like these are unlikely to fill the gaps left by sweeping federal changes, including the expiration of enhanced subsidies for plans bought on Affordable Care Act marketplaces.

The public option gained attention in the late 2000s when Congress considered but ultimately rejected creating a health plan funded and run by the government that would compete with private carriers in the market. The programs in Washington state, Colorado, and Nevada don’t go that far — they aren’t government-run but are private-public partnerships that compete with private insurance.

In recent years, states have considered creating public option plans to make health coverage more affordable and to reduce the number of uninsured people. Washington was the first state to launch a program, in 2021, and Colorado followed in 2023.

Washington and Colorado’s programs have run into challenges, including a lack of participation from clinicians, hospitals, and other care providers, as well as insurers’ inability to meet rate reduction benchmarks or lower premiums compared with other plans offered on the market.

Nevada law requires that the carriers of the public option plans — Battle Born State Plans, named after a state motto — lower premium costs compared with a benchmark “silver” plan in the marketplace by 15% over the next four years.

But that amount might not make much difference to consumers with rising premium payments from the loss of the ACA’s enhanced tax credits, said Keith Mueller, director of the Rural Policy Research Institute.

“That’s not a lot of money,” Mueller said.

Three of the eight insurers on the state’s exchange, Nevada Health Link, offered the state plans during the open enrollment period.

Insurance companies plan to meet the lower premium cost requirement in Nevada by cutting broker fees and commissions, which prompted opposition from insurance brokers in the state. In response, Nevada marketplace officials told state lawmakers in January that they will give a flat-fee reimbursement to brokers.

The public option has faced opposition among state leaders. In 2024, a state judge dismissed a lawsuit, brought by a Nevada state senator and a group that advocates for lower taxes, that challenged the public option law as unconstitutional. They have appealed to the state Supreme Court.

Federal Policy Impacts

Recent federal changes create more obstacles.

Nevada is consistently among the states with the largest populations of people who do not have health insurance coverage. Last year, nearly 95,000 people in the state received the enhanced ACA tax credits, averaging $465 in savings per month, according to KFF, a health information nonprofit that includes KFF Health News.

But the enhanced tax credits expired at the end of the year, and it appears unlikely that lawmakers will bring them back. Nationwide ACA enrollment has decreased by more than 1 million people so far this year, down from record-high enrollment of 24 million last year.

About 4 million people are expected to lose health coverage from the expiration of the tax credits, according to the Congressional Budget Office. An additional 3 million are projected to lose coverage because of other policy changes affecting the marketplace.

Justin Giovannelli, an associate research professor at the Center on Health Insurance Reforms at Georgetown University, said the changes to the ACA in the Republicans’ One Big Beautiful Bill Act, which President Donald Trump signed into law last summer, will make it more difficult for people to keep their coverage. These changes include more frequent enrollment paperwork to verify income and other personal information, a shortened enrollment window, and an end to automatic reenrollment.

In Nevada, the changes would amount to an estimated 100,000 people losing coverage, according to KFF.

“All of that makes getting coverage on Nevada Health Link harder and more expensive than it would be otherwise,” Giovannelli said.

State officials projected ahead of open enrollment that about 35,000 people would purchase the public option plans. Of the 104,000 people who had purchased a plan on the state marketplace as of mid-January, 10,762 had enrolled in one of the public option plans, according to Nevada Health Link.

Katie Charleson, communications officer for the state health exchange, said the original enrollment estimate was based on market conditions before the recent increases in customers’ premium costs. She said that the public option plans gave people facing higher costs more choices.

“We expect enrollment in Battle Born State Plans to grow over time as awareness increases and as Nevadans continue seeking quality coverage options that help reduce costs,” Charleson said.

According to KFF, nationally the enhanced subsidies saved enrollees an average of $705 annually in 2024, and enrollees would save an estimated $1,016 in premium payments on average in 2026 if the subsidies were still in place. Without the subsidies, people enrolled in the ACA marketplace could be seeing their premium costs more than double.

Insights From Washington and Colorado

Washington and Colorado are not planning to alter their programs due to the expiration of the tax credits, according to government officials in those states.

Other states that had recently considered creating public options have backtracked. Minnesota officials put off approving a public option in 2024, citing funding concerns. Proposals to create public options in Maine and New Mexico also sputtered.

Washington initially saw meager enrollment in its Cascade Select public option plans; only 1% of state marketplace enrollees chose a public option plan in 2021. But that changed after lawmakers required hospitals to contract with at least one public option plan by 2023. Last year the state reported that 94,000 customers enrolled, accounting for 30% of all customers on the state marketplace. The public option plans were the lowest-premium silver plans in 31 of Washington’s 39 counties in 2024.

A 2025 study found that since Colorado implemented its public option, called the Colorado Option, coverage through the ACA marketplace has become more affordable for enrollees who received subsidies but more expensive for enrollees who did not.

Colorado requires all insurers offering coverage through its marketplace to include a public option that follows state guidelines. The state set premium reduction targets of 5% a year for three years beginning in 2023. Starting this year, premium costs are not allowed to outpace medical inflation.

Though the insurers offering the public option did not meet the premium reduction targets, enrollment in the Colorado Option has increased every year it has been available. Last year, the state saw record enrollment in its marketplace, with 47% of customers purchasing a public option plan.

Giovannelli said states are continuing to try to make health insurance more affordable and accessible, even if federal changes reduce the impact of those efforts.

“States are reacting and trying to continue to do right by their residents,” Giovannelli said, “but you can’t plug all those gaps.”

Are you struggling to afford your health insurance? Have you decided to forgo coverage? Click here to contact KFF Health News and share your story.

KFF Health News is a national newsroom that produces in-depth journalism about health issues and is one of the core operating programs at KFF — an independent source of health policy research, polling, and journalism. Learn more about KFF.

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Nevada

NEVADA VIEWS: Planning for a resilient economic future

Published

19 hours ago

March 1, 2026

Press Room

NEVADA VIEWS: Planning for a resilient economic future

Southern Nevada has a proud history of competing — and winning — through boldness and reinvention. We have developed a world-class tourism economy, built globally recognized brands and demonstrated our ability to rebound from significant disruptions. In today’s fiercely competitive global economy, however, we must intentionally design the next chapter of our economic story. Communities worldwide are continuously enhancing their sophistication, and we must keep pace.

Since joining the Las Vegas Global Economic Alliance in late August of last year, I have consistently heard from community partners that we must diversify and enhance Southern Nevada’s economy. Our goal is to build upon and complement the strengths we already possess.

To achieve this, the alliance, as Southern Nevada’s regional economic development organization and designated Regional Development Agency, is embarking on a comprehensive strategic planning process. This initiative will guide our economic development priorities both in the near and long term, ensuring that we focus on areas that will yield the most positive impact.

The alliance has a history of reinvention, having been established in 1958 as the Southern Nevada Industrial Foundation, later becoming the Nevada Development Authority, and since 2011, operating under its current name in partnership with the Governor’s Office of Economic Development.

Economic development extends beyond merely attracting companies. It encompasses the ability of local families to access high-wage careers, the opportunity for young people to build their futures at home and the resilience of our economy to withstand disruptions.

Over the past decade, Southern Nevada has made significant strides toward economic diversification, with investment outcomes in 2025 surpassing those of 2024. However, our work is far from complete. While tourism will always be a foundational strength and source of pride for our region, over-reliance on any single sector poses risks. A diversified economy enhances stability, and stability creates opportunities. We are united in our desire for more accessible housing, expanded health care and education, and greater upward mobility for our residents.

This strategic planning effort aims to ensure that the alliance and its partners concentrate on the right initiatives in the right manner. It will validate the region’s target industries and subsectors, narrowing our focus on areas where Southern Nevada has genuine competitive advantages and long-term potential. The planning process will include community interviews, focus groups and surveys to ensure our final strategy reflects the real opportunities and challenges facing Southern Nevada. We will establish flagship goals and a prioritized strategy matrix to direct our attention and resources toward meaningful outcomes.

A crucial aspect of this process involves clarifying roles within the broader economic ecosystem. Economic development is a team sport — when organizations replicate efforts, operate in silos or compete for recognition, the region loses valuable time and credibility, allowing opportunities to slip away. I have witnessed this behavior in various markets, serving as a red flag for prospective companies.

We have already made strides in building partnerships, exemplified by a Memorandum of Understanding signed in November 2025 with the Economic Development Authority of Western Nevada to jointly support economic development education and advocacy for community leaders statewide.

Our strategic work will also include a organizational assessment of the alliance, evaluating our mission, resource deployment and engagement model. Economic impact requires operational excellence and measurable execution. Most importantly, this plan — which we anticipate completing by late April — will feature a three-year road map with clear timelines, recommended actions and meaningful metrics to transparently track our progress. A longtime mentor of mine often said, “What gets watched gets measured, and what gets measured gets done.”

Las Vegas has always taken the initiative to shape its own future. This strategic plan presents an opportunity for us to do what we do best: come together, think bigger, act smarter and create something lasting. Together, we can build a purposeful and resilient economic future for Southern Nevada.

Danielle Casey is president and CEO of the Las Vegas Global Economic Alliance.

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Nevada

Nevada State Police averts ‘udder chaos’ in Eureka County

Published

1 day ago

February 28, 2026

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Nevada State Police averts ‘udder chaos’ in Eureka County

EUREKA COUNTY, Nev. (KOLO) – On Friday, Feb. 27, the Nevada State Police assisted with a cattle crossing on State Route 306 at Interstate 80 in Eureka County.

“While not an everyday part of our job, we like to do our part to assist our local ranchers while keeping traffic from turning into udder chaos,” according to an agency Facebook post. “It was a perfect opportunity to be outside (even if our animal friends were a little moo-dy).”

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