Globe Metals & Mining Limited
GBE.AX
Australian Securities Exchange0.08
AUD
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Globe Metals & Mining Limited
GBE.AX
(Australian Securities Exchange)
Recent
price
0.08
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ratio
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div
yld
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ROIC.AI
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- Globe Metals & Mining Limited Globe Metals & Mining Limited (ASX:GBE) is an Australian-based exploration and development company focused on critical minerals, primarily advancing the Kanyika Niobium Project in central Malawi; the project targets production of high-purity niobium pentoxide and tantalum pentoxide powders, along with zircon concentrates, for use in high strength-low alloy steels, superalloys, electronics, and advanced materials; it holds a 100% interest in the large-scale mining license covering niobium, tantalum, zirconium, hafnium, and rare earth elements, supported by a JORC-compliant mineral resource estimate indicating a potential 23+ year mine life. Incorporated in 2005 and headquartered at 45 Ventnor Avenue, West Perth, Australia, with operational offices in Lilongwe, Malawi, the company operates as a subsidiary of Apollo Metals Investment Co., Limited and maintains an African-focused portfolio with exploration activities in Australia and Africa targeting multi-commodity deposits. Recent developments include a May 2025 non-binding memorandum of understanding with Neo Performance Materials for offtake of niobium pentoxide from Kanyika's Phase 1 production, covering initial multi-year volumes with options for annual renewal and rights of first refusal on tantalum and zircon; an additional 12-month mining development extension granted by Malawi's Mines and Minerals Regulatory Authority in September 2025, pushing the commencement deadline to September 2026 amid progress on community agreements, export zone approvals, and resettlement planning; expansion of the mining license to incorporate zircon, hafnium, and rare earths; a US$10 million pre-development term sheet signed in late 2024; and a proposed equity placement in October 2025 targeting up to AUD 17.34 million to support project advancement, including non-binding discussions with engineering firms for early contractor involvement in the Bankable Feasibility Study optimization.