TORONTO, May 26, 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 Exchanges and GLBXF – OTCQX International in the US) is pleased to provide shareholders with an update on work undertaken by Evion Group NL (EVG-ASX) on Globex Nevada Inc’s Carp Fluorspar property in Lincoln County, Nevada.
Fluorspar is used to produce hydrofluoric acid, essential in various chemical processes. It has metallurgical applications in aluminum, steel, and uranium fuel production, is used in refrigerants and insulating foams, and is critical for electric vehicle batteries, being utilized in cathodes, electrolytes, and anodes. It also serves in glass and ceramics industries for its fluxing properties. Fluorspar is classified as a “critical mineral” because there is no meaningful US or Canadian production, leaving the US reliant on imports, primarily from China and Mexico.
Property Expansion and Confirmation
Globex acquired the property by staking in 2024 through the work of its US-based senior geologist. Surface mapping and prospecting outlined numerous fluorspar occurrences, with sampling returning many high-grade assays. Recently, Globex optioned the property to Evion. Prior to finalizing the option agreement, during a due diligence period of over 30 days, Evion visited the property and conducted a complete independent review and confirmation of Globex’s 2024 surface sampling.
Results from Evion’s sampling confirmed Globex’s previous assay results. Of 25 samples, 14 returned high-grade assays ranging from 49.83% to 88.15% CaF2, with an additional 3 samples grading between 22.81% and 32.67% CaF2. These high grades are well above typical metallurgical-grade (metspar) thresholds and approach acidspar feedstock quality. The high-grade mineralization was confirmed across multiple pit areas and mineralization styles, including mantos, veins, replacement bodies, and fault-hosted zones at the South, West, North, and Central Pits, reinforcing the district-scale prospectivity of the Carp Fluorspar system.
Manto Fluorite Deposits
Manto fluorite deposits are significant for their economic potential and geological importance. They form by the replacement of sedimentary rock with metal-bearing solutions near igneous intrusions. These deposits are characterized by stratigraphic control, typically within a porous formation in a structural trap site. They are rich in fluorite and other minerals, making them valuable for various industrial applications.
Sampling Results Table
The confirmed 2024 surface rock chip sampling results, showing calculated fluorite results for the Carp Fluorspar Project, include the following highlights:
- Sample C-9 from West Pit: 1.50 m length, 88.15% CaF2 (Manto)
- Sample C-13 from North Pit 2: 0.60 m length, 86.92% CaF2 (Body/Manto)
- Sample C-18 from Central Pit: 0.90 m length, 86.51% CaF2 (Manto)
- Sample C-11 from North Pit 1: 1.00 m length, 83.83% CaF2 (Manto)
- Sample C-16 from West Pit: 1.40 m length, 83.83% CaF2 (Body/Vein)
- Sample C-23 from North Pit 1: 2.30 m length, 80.14% CaF2 (Vein)
Other samples from various locations showed grades ranging from 1.44% to 78.29% CaF2, with multiple samples exceeding 50% CaF2. The property size has been increased by 150% following the confirmation of high-grade mineralization.
