Is it possible to produce multiple .elf files from a single project with gcc

I’m working on a project where I defined two memory regions in .ld file as follows:

MEMORY
{

TEXT_GENERIC_CODE      (rx)    : ORIGIN = 0x10000000,   LENGTH = 64K

TEXT_EXT_LIB_CODE      (rx)    : ORIGIN = 0x10010000,   LENGTH = 0x0000FFF0
}
 
.text_ext_lib :
{
  . = ALIGN(4);
  __mysection_start__ = .;
  *(.mysection*)   
  *_ext_lib.o (.text .text*)
  __mysection_end__ = .; 
} > TEXT_EXT_LIB_CODE
 
.text_generic_code :
{
. = ALIGN(4);
*(.text)           /* .text sections (code) */
*(.text*)          /* .text* sections (code) */
*(EXCLUDE_FILE(*_ext_lib.o) .text .text*)
. = ALIGN(4);
_etext = .;        /* define a global symbols at end of code */
 
} > TEXT_GENERIC_CODE

What I want is to generate one .elf (or .bin) for TEXT_EXT_LIB_CODE memory region and another .elf (or .bin) for TEXT_GENERIC_CODE memory region. Is it possible by using gcc?