Globe Metals & Mining Limited (AU:GBE) has released an update.
Globe Metals & Mining Limited has finalized a $46 million funding plan for Phase 1 of the Kanyika Niobium Project, focusing on minimizing shareholder dilution through a mix of equity, debt, convertible instruments, and offtake pre-financing. The project boasts a 27-year lifespan with a significant reduction in initial capital from $70 million to $46 million, thanks to an optimized development approach and a shift to more sustainable chlorination refining technology. With the funding strategy and environmental sustainability in focus, discussions with cornerstone investors and strategic off-takers for the high-purity products are advancing.
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