10:45 AM EDT, 09/11/2024 (MT Newswires) -- Globex Mining Enterprises ( GLBXF ) reported Wednesday "significant hydrogen concentrations" at its Guigues Silica property in Quebec, describing it as an "unexpected and promising development".

The company said recent hydrogen exploration activities by Quebec Innovative Materials and the Institut National de la Recherche Scientifique highlighted the discovery of hydrogen at levels exceeding 1,000 parts per million -- well above the instrumental detection limit.

Globex said it will continue to monitor the situation closely and update its stakeholders as new information becomes available.

The company's share price was unchanged at $0.83 on the TSX.