From Antimony to Rare Earths: Globex Advances Multi-Asset Growth Strategy

Exploration progress continues to be the central theme for shareholders of Globex Mining Enterprises Inc. (CA: GMX – $2.86 | US: GLBXF – $2.12 | GER: G1MN – €1.70) in the midst of a powerful bull market for resource equities. With multiple exploration projects advancing independently—and consistently delivering encouraging results—Globex has been able to reinforce its value proposition month after month.

This update highlights the ambitious exploration program underway at the Bald Hill Antimony Project, operated by Antimony Resources Corp. At the same time, Globex is advancing its own portfolio of proprietary assets. The Company recently reported a successful regional exploration program targeting rare earth element (REE) showings, culminating in the staking of a new property in Nevada.

Successful Exploration Gains Momentum at Bald Hill

Antimony Resources Corp [ATMY-CSE] released a strong set of assay results from the Bald Hill Antimony Project, featuring high-grade stibnite mineralization—the primary ore mineral of antimony. Bald Hill hosts a historically defined zone of enriched stibnite identified by previous operators.

ATMY is currently executing a significant Phase 2 drilling program aimed at expanding and defining the known mineralization, while also testing additional targets along strike. High-grade stibnite has been encountered in more than 75% of the drill holes completed to date. Reported grades range from the high teens up to 22.8% antimony (Sb), with mineralized intervals reaching up to 20 meters in core length.

The Main Zone at Bald Hill has now been extended to more than 700 meters in strike length and has been intersected to depths of up to 300 meters. Mineralization averages between 3% and 4% antimony across intervals typically 3 to 4 meters wide.

Additional discoveries continue to add scale potential. The Marcus (West) Zone has been outlined over 25 meters of exposed bedrock, while the South Zone has been confirmed through trenching and sampling over 150 meters—representing another compelling target.

Two drill rigs are currently operating at Bald Hill, with a third rig scheduled to be added this month. The objective is to complete sufficient drilling to support a maiden resource estimate.

The project was originally optioned from Globex. Under the four-year agreement, ATMY funds exploration and makes scheduled payments to Globex in cash and shares. Last month, Globex reported receiving the latest installment: $125,000 in cash and 250,000 shares.

Expanding REE Exposure in Nevada

Consistent with its strategy of maintaining diversified exposure to a broad range of metals and minerals, Globex has expanded its footprint in rare earth elements (REE).

The Company announced the staking of a new REE property in Nevada following a regional prospecting campaign in the state’s southwestern region. The area was targeted due to its proximity to Mountain Pass Mine—the only producing rare earth mine in the United States.

Exploration included sampling surface rock outcrops and historic waste rock dumps. Confirmation of REE mineralization prompted Globex to stake the surrounding land package. The Gem Hills Rare Earths property was acquired through Globex’s wholly owned subsidiary, Globex Nevada.

Sampling from Gem Hills returned notably high-grade rare earth oxide values. Average grades reached 1.7% total rare earth oxide (TREO). Of this total, heavy rare earth oxides (HREO)—which typically command higher value—accounted for 18.97%. Neodymium (Nd₂O₃) and praseodymium (Pr₂O₃), two of the most commercially important REEs for high-strength permanent magnets and advanced technologies, represented 35% of the HREO content. Yttrium was also strongly represented, with values up to 0.435% Y₂O₃. High-value elements such as dysprosium and terbium were similarly enriched.

The timing of this acquisition appears strategic. Rare earth elements have been trending higher due to increasing demand and ongoing concerns about supply concentration, as most global production is currently sourced from China. The United States has prioritized the development of domestic supply chains to support critical industries.

Globex recently optioned its nearby Virgin Mountain REE project to Lodestar Minerals Ltd., and Gem Hills represents another attractive asset that could be monetized through a similar transaction.

Conclusion

Several converging factors continue to strengthen Globex’s investment case. High-quality option partners such as ATMY are aggressively advancing projects, while structured agreements generate regular cash and share payments for Globex. As a result, the Company has accumulated approximately $40 million in cash and equity holdings in partner companies.

This strong balance sheet provides the flexibility to fund proprietary exploration initiatives and acquire new projects like Gem Hills. In total, Globex controls a diversified portfolio of more than 260 mineral exploration assets.

While exploration upside has long defined the Company’s strategy, the longer-term potential from its royalty portfolio may ultimately prove even more significant. Globex holds royalties on more than 100 properties, several of which are at advanced stages of development. Should these projects enter production, Globex would receive royalty payments.

In the current resource bull market—where renewed interest spans antimony, rare earths, gold, silver, and copper—Globex maintains exposure across all these commodities. With gold, silver, and copper recently reaching all-time highs, the Company’s diversified pipeline offers substantial leverage to continued strength in the sector.

Globex shares also reached new all-time highs this week, reflecting investor confidence in a strategy that has been methodically executed over many years and is now delivering tangible results. Smallcaps Recommendation: BUY.

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