Globe Metals & Mining Limited (AU:GBE) has released an update.
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Globe Metals & Mining has inked a letter of intent with Affilips N.V. to supply up to 32% of the Kanyika Niobium Project’s Phase 1 production of high-purity Niobium Pentoxide, starting from May 2026. The agreement, pivotal for the project’s development and future cash flows, marks Globe’s entry into the European market, with a full offtake agreement expected by September 2025. Moreover, Globe’s bankable feasibility study update is underway, reinforcing the project’s advancement using Hydrofluoric Acid/Solvent Extraction refining technology.
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