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Globe Metals & Mining Limited ( (AU:GBE) ) has issued an announcement.
Globe Metals & Mining has significantly strengthened its financial position in the December 2025 quarter, raising A$8.67 million through a two‑tranche private placement to strategic investors and using the proceeds, alongside loan conversions, to fully eliminate its debt by 23 December 2025. With cash at bank rising to A$5.76 million, the company has commenced construction and early works at the fully permitted Kanyika Niobium Project in Malawi under an agreement with Sinomine International (Zambia) Engineering, marking a transition from feasibility to execution as it advances toward finalising its Bankable Feasibility Study and meeting Mining Development Agreement obligations, a key inflection point for its move toward full construction and first oxide production.
The most recent analyst rating on (AU:GBE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Globe Metals & Mining Limited stock, see the AU:GBE Stock Forecast page.
More about Globe Metals & Mining Limited
Globe Metals & Mining Limited is an Australian-listed resources company focused on developing the Kanyika Niobium Project in Malawi. The company operates in the mining and metals industry, targeting niobium and related oxide products, with a strategic emphasis on moving the fully permitted Kanyika project from feasibility into construction and production to supply global specialty metals markets.
Average Trading Volume: 160,158
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$57.21M
For detailed information about GBE stock, go to TipRanks’ Stock Analysis page.