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Globe Metals Signs MOUs Covering 100% of Kanyika Phase 1 Production
3:57am on Monday 2nd of June, 2025 AEST
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Mining
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Globe Metals Signs MOUs Covering 100% of Kanyika Phase 1 Production
3:57am on Monday 2nd of June, 2025 AEST
Key Points
Two non-binding MOUs signed covering full Phase 1 production of Niobium and Tantalum Pentoxide
Updated Bankable Feasibility Study delayed to June 2025 for economic optimisation
Additional US$1.4 million short-term loan facility secured from Director Bo Tan
Cash at quarter-end $0.24 million with $2.9 million debt outstanding
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