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Globex expands Gem Hills REE project in Nevada, revealing high-grade, low-radiation rare earth deposit.

Market News
02 Nov 2026, 16:00 WIB
GlobeNewsWire
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Bullish
Globex expands Gem Hills REE project in Nevada, revealing high-grade, low-radiation rare earth deposit.

Globex Mining Enterprises has expanded its Gem Hills rare earth elements (REE) project in Nevada to 20 claims, uncovering a potentially new class of high-grade, hydrothermal ion-adsorption REE deposits. The project features significant heavy rare earth element enrichment, low radiation levels, and environmentally favorable mineralogy, suggesting lower-cost and safer extraction methods. Advanced synchrotron X-ray analysis confirmed the REE are mainly adsorbed to clay minerals, offering a unique processing advantage. Globex aims to advance exploration with potential federal support and strategic partnerships to secure a domestic supply of critical minerals.

Globex Mining Enterprises' Gem Hills project expansion offers context for readers interested in rare earth elements. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Nov 02, 2026 19:41 WIB: out of 83 priced US stocks, 64 rose and 10 fell. Notable movers include AUGO at USD 67.77 with a 2.34% increase and AU at USD 81.52 with a 2.21% increase.

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