High-Grade Fluorspar Confirmed at Globex's Carp, Land Up 150%

Evion Group NL (EVG-ASX) has independently validated high-grade fluorspar mineralization at Globex Mining Enterprises Inc.'s (GMX-TSX) Carp property in Lincoln County, Nevada. The due diligence sampling returned 14 of 25 rock chip assays above 49% CaF₂, with a top value of 88.15% CaF₂ – well into the range of acidspar feedstock quality. Evion also staked 45 adjoining claims, expanding the project area by 150% and securing additional prospective ground.

The confirmation moves the Carp property from a grass-roots staking play into a drill-ready critical mineral asset. The United States has no meaningful domestic fluorspar production and relies on imports from China and Mexico. Any progress toward a domestic source carries strategic value beyond the project's standalone economics.

Independent Assay Validation: 14 of 25 Samples Over 49% CaF₂

Evion's due diligence program collected 25 linear chip samples across multiple pit areas. All samples were analyzed by American Assay Laboratories in Sparks, Nevada using WD-XRF. The conversion to CaF₂ followed a standard procedure: all fluorine converted to CaF₂, remaining CaO converted to CaCO₃ using available CO₂ from loss on ignition, and remaining CO₂ allocated to MgCO₃.

Fourteen samples returned high-grade results between 49.83% and 88.15% CaF₂. An additional three samples graded between 22.81% and 32.67% CaF₂. These figures replicate Globex's 2024 surface sampling, removing the primary geological risk at the surface level.

Sample Count	Grade Range (% CaF₂)	Quality Tier
14	49.83 – 88.15	High-grade, acidspar-approach
3	22.81 – 32.67	Metallurgical-grade
8	Below 22.81	Sub-economic

Table: Evion 2025 rock chip sampling results. Source: Globex press release May 26, 2026.

District-Scale Potential Across Four Pit Zones

The high-grade material was confirmed across mantos, veins, replacement bodies, and fault-hosted zones at the South, West, North, and Central Pits. Manto fluorite deposits are formed by replacement of sedimentary rock near igneous intrusions, providing stratigraphic control and often consistent widths. The distribution across four pits supports a district-scale system rather than a single isolated lens.

Property Expansion and Claim Capture Clause

Evion acquired 45 new mining claims adjoining Globex's original 14 claims, bringing the total to 59. Under the Globex/Evion option agreement, any mineral rights acquired within 10 miles of the original claim boundaries are subject to the same terms. That clause means Evion's expansion directly benefits Globex shareholders without renegotiation.

The expanded land package covers ground that was not previously secured, reducing the risk of competitor staking ahead of drilling. Evion now controls a contiguous block of fluorspar prospective terrain in a region with under-explored critical mineral potential.

Why the Critical Mineral Designation Matters

Fluorspar is classified as a critical mineral in the US because there is no meaningful domestic production. Applications include production of hydrofluoric acid, aluminum and steel smelting, uranium fuel manufacturing, refrigerants, insulating foams, and electric vehicle batteries (cathode, electrolyte, anode). Import dependence on China and Mexico creates supply chain vulnerability. A domestic fluorspar source would attract policy support and potentially premium pricing.

The Market Read: Simple vs. Better

The simple read: Evion confirmed high grades on a Nevada fluorspar asset, the land package grew, and the next step is drilling. That is a positive catalyst for both EVG and GMX.

The better market read: Grade confirmation removes the primary geological risk at the surface level. The critical question remains continuity at depth and tonnage potential. The manto deposit model often produces consistent widths, however systematic drilling is required to define resource categories. Evion is planning surface sampling, geological mapping, and drill targeting for the upcoming field season. The next price catalyst will be the first drill assay results, not more surface chips.

Bottom line for traders: High-grade confirmation reduces geological uncertainty, however a resource estimate is still absent. The project's valuation will hinge on drill-defined tonnes and grade. Watch for Evion's exploration program details and drill permits.

What the Next Exploration Season Must Deliver

Evion is actively planning the upcoming exploration field season. The immediate catalyst to track is the release of drill targets backed by geological rationale. If the company identifies specific target zones within the next two months, the project moves from confirmation phase to discovery phase.

Confirming signals:

Evion releases drill targets with clear geological justification

First drill holes intersect >50% CaF₂ over minable widths

A third-party scoping study outlines processing suitability for acidspar

Weakening signals:

Drilling encounters erratic grade distribution or fault offsets limiting continuity

Metallurgical testing shows high impurities (silica, sulfur) that prevent acidspar pricing

Evion delays the exploration season without explanation

How the Deal Structure Rewards Both Parties

Globex optioned the Carp property to Evion in May 2026. The option terms were not detailed in today's release, however the 10-mile capture clause ensures Evion's expansion falls under the same agreement. Globex retains a royalty or earn-in structure typical of its business model: generating discovery value through staking and optioning to operators. Jack Stoch, P.Geo., Executive Chairman and CEO of Globex, prepared the technical disclosure under NI 43-101.

Trading the Pair

Globex Mining Enterprises (GMX-TSX): A project generator with a portfolio of over 100 properties. The Carp confirmation adds a tangible data point to an otherwise speculative stock. GMX is thinly traded – liquidity risk is real.

Evion Group (EVG-ASX): An Australian-listed company focused on critical minerals. The Carp option gives Evion a US peg without acquiring a whole company. US investors trade via OTC or ADR structures with wider spreads.

For a deeper look at the broader commodities analysis landscape and critical mineral supply chains, see AlphaScala's coverage of related plays.

Globex's Carp property now has independently verified high-grade fluorspar, a larger land position, and an active partner. That is a solid setup. The real test, however, is still underground: depth continuity, tonnage, and processing economics. The event-driven payoff comes only after drill assays clear lab.