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Globe Metals & Mining Limited ( (AU:GBE) ) has provided an announcement.
Globe Metals & Mining Limited has completed the settlement of Tranche 2 of its A$8.67 million private placement, issuing 33.5 million new shares to Suitable Pioneer Limited, raising an additional A$1.71 million. This funding will enhance the company’s working capital, advance the Kanyika Niobium Project, and facilitate debt repayment, strengthening its position in the mining sector.
More about Globe Metals & Mining Limited
Globe Metals & Mining Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary project is the Kanyika Niobium Project located in central Malawi, which aims to produce high-purity niobium and tantalum oxides for export to foreign markets.
Average Trading Volume: 195,744
Technical Sentiment Signal: Buy
Current Market Cap: A$43.26M
Find detailed analytics on GBE stock on TipRanks’ Stock Analysis page.