Globe Metals & Mining Limited (AU:GBE) has released an update.
Globe Metals & Mining Limited has secured a non-binding letter of intent from Ecobank Malawi Limited for a $15 million loan, a critical move towards funding Phase 1 of the Kanyika Niobium Project in Malawi. This loan represents a third of the estimated $46 million required for the project, which is integral to Malawi’s role in the global critical metals supply chain. The company’s CEO and Ecobank’s Managing Director both express strong support for the project’s potential to bolster the local economy and align with broader growth strategies.
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