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How Globe Metals’ $8.67M Placement Could Unlock Kanyika’s Mining Potential
7:01am on Wednesday 8th of October, 2025 AEDT
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Mining
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How Globe Metals’ $8.67M Placement Could Unlock Kanyika’s Mining Potential
7:01am on Wednesday 8th of October, 2025 AEDT
Key Points
Two-tranche private placement raising $8.67 million at $0.051 per share
Placement includes 190 million free-attaching options exercisable at $0.069
Tranche 1 completed under existing ASX placement capacity; Tranche 2 subject to shareholder approval
Funds allocated to advancing Kanyika Project, debt repayment, and licence acquisitions
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