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Globe Metals & Mining Limited ( (AU:GBE) ) has provided an announcement.
Globe Metals & Mining Limited has announced an increase in the loan facility with Director Bo Tan, raising the limit from US$1.2 million to US$1.4 million, with the additional amount available for drawdown on June 1, 2025. Additionally, the repayment date for a separate A$2.3 million loan facility with Mr. Tan has been extended by three months to August 25, 2025. These changes reflect the strong support and commitment from Mr. Tan, which is appreciated by the company’s board, and are expected to positively impact the company’s financial flexibility and operational stability.
More about Globe Metals & Mining Limited
Globe Metals & Mining Limited is involved in the mining industry, focusing on the extraction and processing of niobium, tantalum, zirconium, and other minor metals. The company operates the Kanyika Niobium Project in central Malawi, which is designed to be a fully integrated mining, concentration, and refining operation to produce high-purity niobium and tantalum oxides for export to western markets.
YTD Price Performance: -20.0%
Average Trading Volume: 11,150
Technical Sentiment Signal: Buy
Current Market Cap: €12.15M
See more data about GBE stock on TipRanks’ Stock Analysis page.