Globex Mining Enterprises Inc. Reports Significant Mineral Discoveries
Globex Mining Enterprises Inc. (GMX), listed on the Toronto Stock Exchange, announced several important developments concerning its mineral exploration portfolio on 12 February 2026.
Discovery of Massive Stibnite on the Bald Hill Property
At 17:12 UTC, the company released a press statement through GlobeNewswire stating that Antimony Resources Corp. had confirmed the presence of a large stibnite deposit on the Bald Hill property. The announcement reiterated Globex’s ongoing collaboration with Antimony Resources and highlighted the potential economic value of the deposit, given stibnite’s importance as an antimony source for metallurgical and flame‑retardant applications.
Rare‑Earth Mineralisation at Gem Hills, Nevada
Earlier that day, at 14:32 UTC, Globex disclosed that its newly acquired Gem Hills property in southeastern Nevada had yielded significant rare‑earth mineralisation. The discovery was made during initial prospecting and sampling conducted by Globex Nevada, the company’s wholly‑owned subsidiary. The report noted that the Gem Hills site hosts unpatented lode mining claims covering a continuous block in Lincoln County, approximately 170 km north‑east of Las Vegas.
Exploration Strategy and Portfolio
Globex Mining continues to pursue a diversified exploration strategy across Canada and the United States. Its portfolio includes drill‑ready gold projects and advanced exploration activities in Quebec, British Columbia, Nova Scotia, Ontario, Nevada, Arizona, and Washington. The company’s focus on both base‑metal and precious‑metal properties is reflected in recent announcements, which underscore its capacity to uncover high‑grade deposits in multiple commodity segments.
Market Context
Globex’s share price closed at CAD 2.65 on 10 February 2026, positioned below the 52‑week low of CAD 1.18 recorded in April 2025 but within 5 % of the 52‑week high of CAD 2.80 set in January 2026. With a market capitalization of approximately CAD 148.9 million and a price‑earnings ratio of 29, the company remains a relatively small but active player in the metals and mining sector.
The recent discoveries reinforce Globex’s reputation for identifying economically viable mineral resources. Investors will likely monitor subsequent drilling results and feasibility studies that will determine the commercial viability of the Bald Hill stibnite and Gem Hills rare‑earth deposits.
