Company Overview - Globex Mining Enterprises Inc. has acquired a 100% interest in a contiguous claim block of 14 unpatented lode claims in Lincoln County, southeastern Nevada, covering a total area of 117.06 hectares [1] Historical Context - Fluorite was discovered on the property in 1957, with production of fluorspar starting in early 1958, totaling an estimated production of 44,900 tons grading 69% CaF2 by 1971 [2] Geological Insights - A mapping program conducted in 2024 suggested that mineralization may be influenced by NW-SE trending regional structures and a crosscutting N-S fault zone, with fluorite mineralization primarily as a replacement of carbonate rock [3] - Recent sampling revealed high fluorite grades, with 14 samples showing grades between 49.83% and 88.15% CaF2, and anomalous gold found in several samples [4] Sample Analysis - Samples were analyzed at American Assay Laboratories, with methods including whole rock analysis and loss of ignition (LOI) determination [7] Market Context - Fluorspar is predominantly used in the production of hydrofluoric acid, which is essential for various products including toothpaste, computers, and Teflon pans, with global production estimated between 5.7 million tons to 6.0 million tons [8][9]