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Globe Metals & Mining Limited ( (AU:GBE) ) has provided an announcement.
Globe Metals & Mining says it is entering a transformational phase as it advances the Kanyika Niobium Project toward a final investment decision, with an updated Bankable Feasibility Study on track for completion by 31 March 2026 and phased development designed to de-risk the path to first production. Following A$8.67 million in capital raisings in 2025, the company reports a stronger balance sheet to complete feasibility work, progress resettlement and early works, and meet substantial-works obligations, while planning initial production of saleable niobium oxide in January 2028 and a second-phase expansion in 2029 that would lift output to around 3,000–3,300 tonnes of niobium pentoxide and 150–160 tonnes of tantalum pentoxide annually. Kanyika will be developed as a conventional open-pit mine with on-site beneficiation and hydrometallurgical processing to export only high-value, non-radioactive niobium and tantalum oxides via existing logistics infrastructure, aiming to provide a new, ESG-compliant and traceable source of niobium to diversify global supply away from Brazil; Globe has also begun early contractor engagement so that, once funding and offtake are secured, it can move quickly into front-end engineering and construction.
More about Globe Metals & Mining Limited
Globe Metals & Mining Limited is an Australia-based mining company focused on developing the Kanyika Niobium Project in Malawi. The project targets production of high-purity niobium and tantalum oxides for advanced technology, aerospace, defence and other critical-minerals supply chains, positioning Globe as a non-Brazilian alternative supplier in a highly concentrated global niobium market.
Average Trading Volume: 191,758
Technical Sentiment Signal: Hold
Current Market Cap: A$42.32M
Find detailed analytics on GBE stock on TipRanks’ Stock Analysis page.