Globe Metals & Mining Limited (GBE) AI Stock Analysis

• Market Cap: AU$56.27M
• Dividend Yield: N/A
• Average Volume (3M): 126.17K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: N/A
• EPS Growth: 11.11%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 937,909,240
• 10 Day Avg. Volume: 215,001
• 30 Day Avg. Volume: 126,174
• PEG Ratio: 0.52
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 1763.90
• P/FCF Ratio: -8.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: AU$0.06 ▲(20.00% Upside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is primarily held back by weak financial performance—minimal revenue, ongoing losses, and continued cash burn—despite a comparatively solid equity base. Technicals add support with an uptrend and positive momentum, but overbought indicators increase short-term risk. Valuation is also constrained by negative earnings and no dividend yield data.

Positive Factors

Balance sheet strength

A relatively large equity base and modest debt provide structural financial flexibility for a pre-revenue miner. Manageable leverage lengthens runway for exploration and permitting, lowers near-term refinancing pressure, and improves the company’s ability to negotiate project financing or JV terms without immediate distress.

Clear project focus

A concentrated strategy around the Kanyika Niobium Project creates operational clarity and allows management to allocate capital and technical resources efficiently. For investors and potential partners, a single, well-defined development target simplifies technical due diligence and can accelerate permitting, offtake talks, or strategic partnerships.

Improving cash flow trend

A measurable reduction in cash burn signals management-driven cost control or lower discretionary spend, which materially extends runway for a development-stage company. Sustained improvement reduces near-term funding needs, enhances credibility with financiers, and increases the odds of reaching project milestones without excessive dilution.

Negative Factors

Persistent cash burn

Consistent negative operating and free cash flows mean the company remains reliant on external financing to fund operations and development. Over months this raises dilution or financing risk, can delay project timelines if capital markets tighten, and forces management to prioritize near-term liquidity over long-term value creation.

Minimal revenue

The absence of meaningful operating revenue means project economics remain unproven and there is no internal cash generation to fund advancement. This structural revenue shortfall increases dependency on capital raises or partners and lengthens the time horizon before the business can self-fund development or demonstrate sustained commercial viability.

Ongoing net losses

Sustained net losses erode shareholder equity over time and weaken the balance sheet if unaddressed. For a development-stage miner, ongoing losses increase the likelihood of future capital raises on dilutive terms, reduce attractiveness to risk-averse lenders, and can constrain the company’s ability to close project-level financing at competitive rates.

Globe Metals & Mining Limited Business Overview & Revenue Model

Company Description

Globe Metals & Mining Limited explores, develops, and invests in the resource sector in Australia and Africa. The company primarily explores for niobium and tantalum deposits. It primarily holds 100% interest in the Kanyika project located in Malawi. The company was formerly known as Globe Uranium Limited. Globe Metals & Mining Limited was incorporated in 2005 and is headquartered in Midvale, Australia.

How the Company Makes Money

Globe Metals & Mining Limited generates revenue primarily through the exploration and development of its mineral resource projects. The company's primary revenue streams include the sale of niobium and tantalum, which are critical components in the production of high-strength steel, electronics, and other high-tech applications. Globe Metals & Mining seeks to enhance its earnings by advancing its key projects to production stage and establishing strategic partnerships with technology and manufacturing firms that require a stable supply of these metals. Additionally, the company may engage in joint ventures or licensing agreements to leverage its resource base and expertise, contributing further to its revenue generation.

Globe Metals & Mining Limited Financial Statement Overview

Summary

Financials are weak overall: the company is effectively pre-/early-revenue (only ~A$11k in 2025) with persistent net losses and negative EBITDA/EBIT. Cash flow remains consistently negative with ongoing free-cash-flow burn (improved in 2025 but still materially negative), implying continued reliance on external funding. The main offset is a relatively supportive balance sheet with meaningful equity and manageable leverage despite higher debt in 2025.

Income Statement

The company remains pre-revenue/early-revenue, with revenue effectively near zero in most years and only A$11k reported in 2025. Losses are persistent and sizable: net income stayed negative every year (about -A$1.4m to -A$3.4m), and operating profitability is also consistently negative (EBITDA and EBIT losses). While the 2025 loss level is only slightly better than 2024, the lack of a clear revenue ramp and continuing high fixed cost base keep earnings quality and scalability weak.

Balance Sheet

The balance sheet is a relative strength: equity remains large (roughly A$29.6m in 2025) versus modest debt, and leverage is still manageable despite a noticeable debt step-up in 2025 (total debt ~A$4.9m; debt-to-equity ~0.17). Total assets are broadly stable to slightly higher over time. The key weakness is ongoing negative returns on equity driven by recurring losses, which slowly erodes the capital base if profitability does not improve.

Cash Flow

Cash generation is weak and consistently negative: operating cash flow has been an outflow every year (about -A$1.2m to -A$2.9m), and free cash flow is also negative throughout (worst in 2024 at about -A$4.1m, improving to about -A$2.4m in 2025). The improvement in 2025 suggests some cost control or reduced spending, but the business is still cash-burning and likely reliant on funding to sustain operations until revenues scale.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	11.00K	0.00	0.00	0.00	199.00
Gross Profit	11.00K	-21.00K	-22.00K	-60.00K	-17.00K
EBITDA	-2.92M	-2.69M	-2.59M	-2.47M	-1.36M
Net Income	-3.35M	-3.43M	-2.66M	-2.75M	-1.38M
Balance Sheet
Total Assets	35.01M	33.02M	30.89M	30.86M	32.68M
Cash, Cash Equivalents and Short-Term Investments	496.00K	1.15M	244.00K	431.00K	2.82M
Total Debt	4.91M	0.00	825.00K	1.05M	46.00K
Total Liabilities	5.42M	275.00K	967.00K	1.36M	404.00K
Stockholders Equity	29.59M	32.74M	29.92M	29.50M	32.28M
Cash Flow
Free Cash Flow	-2.39M	-4.09M	-2.77M	-3.79M	-2.29M
Operating Cash Flow	-2.39M	-2.83M	-2.02M	-2.32M	-1.23M
Investing Cash Flow	-2.75M	-1.26M	-428.00K	-1.02M	-1.06M
Financing Cash Flow	4.49M	5.00M	2.26M	1.02M	2.29M

Globe Metals & Mining Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GBE, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.19 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GBE.

Globe Metals & Mining Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CBE	53 Neutral	AU$109.72M	-37.25	-6.39%	―	―	37.04%
GBE	51 Neutral	AU$56.27M	-12.50	-10.78%	―	―	11.11%
CLA	49 Neutral	AU$58.48M	-6.00	-11.03%	―	―	18.92%
GAL	48 Neutral	AU$50.39M	-43.22	-2.46%	―	―	-134.50%
SUH	48 Neutral	AU$22.09M	-7.89	-108.41%	―	―	36.67%
SVG	44 Neutral	AU$32.12M	-1.03	-272.44%	―	-99.90%	81.70%

Globe Metals & Mining Limited Corporate Events

Globe Metals & Mining Wipes Out Debt and Starts Construction at Kanyika Niobium Project

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.

Globe Metals & Mining Starts Construction at Kanyika Niobium Project in Malawi

Globe Metals & Mining has commenced construction at its fully permitted Kanyika Niobium Project in Malawi, marking a shift from feasibility and permitting into active project execution, with early works beginning in January 2026 and first oxide production targeted for early 2028. Under a cost-disciplined, non-dilutive Pre-Development Collaboration Agreement with Sinomine International (Zambia) Engineering Company, which brings recent construction experience in Southern Africa, initial works will include access-road upgrades, bulk earthworks, site infrastructure and production of refinery-grade niobium and tantalum oxide samples, supporting completion of the Bankable Feasibility Study, meeting mining licence obligations, and strengthening Globe’s operational readiness while preserving project ownership and commercial flexibility.

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.

Globe Metals & Mining Discloses New Substantial Shareholder Avocado

Globe Metals & Mining Limited has disclosed a change in substantial shareholding, indicating that an entity named Avocado has become a substantial holder in the company. The filing outlines that Avocado, based in Hong Kong, now holds a significant relevant interest and associated voting securities, with details on consideration, associates, and registration arrangements noted in the statutory disclosure form, signaling a shift in the company’s ownership structure that may be relevant to shareholders monitoring control and influence over the company.

The most recent analyst rating on (AU:GBE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Globe Metals & Mining Limited stock, see the AU:GBE Stock Forecast page.

Globe Metals & Mining Director Increases Indirect Shareholding via Debt-to-Equity Conversion

Globe Metals & Mining Limited has disclosed a significant change in director Bo Tan’s relevant interest in the company, with his indirect holding, via Triple Talent Enterprises Ltd, increasing from 69,428,662 to 125,621,035 ordinary fully paid shares. The additional 56,192,373 shares, valued at approximately A$2.87 million at A$0.051 per share, were issued as satisfaction of part of the principal outstanding and capitalised interest under an existing loan agreement, effectively converting debt to equity and increasing Tan’s stake and alignment with shareholders without any on-market trading activity.

Globe Metals & Mining Converts Director Loan to Equity with 56m New Shares

Globe Metals & Mining Limited has applied for the quotation of 56,192,373 new fully paid ordinary shares on the ASX, to be issued to director Bo Tan under a deed of variation to an existing loan agreement. The shares will be issued in satisfaction of part of the principal outstanding and capitalised interest on the loan, effectively converting a portion of the company’s debt to equity and altering its capital structure while reducing related-party indebtedness.

Globe Metals & Mining Wipes Out Debt Through Director Share Conversion

Globe Metals & Mining has converted a substantial portion of a loan from director Bo Tan into equity by issuing 56,192,373 new shares at $0.051 each, valued at $2.87 million, and will repay the remaining $146,882 from working capital, leaving the company debt-free. The move significantly strengthens Globe’s balance sheet and is presented as a key step in positioning the company for the next phase of development and financing of its Kanyika Niobium Project in Malawi, underlining strong ongoing support from its director and potentially improving its capacity to attract future project funding and partners.

Globe Metals & Mining advances Kanyika niobium project toward 2026 feasibility milestone and 2028 first production

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.

Globe Metals & Mining Issues Unquoted Securities to Bolster Financial Position

Globe Metals & Mining Limited has announced the issuance of 37,440,000 unquoted securities, specifically options set to expire on December 1, 2026, with an exercise price of $0.069. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, indicating a strategic move to strengthen its financial position and potentially fund future operations or projects.

Globe Metals & Mining Issues New Shares to Boost Kanyika Project

Globe Metals & Mining Limited announced the issuance of 33,500,000 fully paid ordinary shares under Tranche 2 of their placement, as per the Corporations Act. This move is part of their ongoing efforts to secure funding and support the development of the Kanyika Niobium Project, which is expected to enhance their market positioning by providing high-value mineral exports.

Globe Metals & Mining Completes Tranche 2 Placement to Boost Kanyika Project

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.

Globe Metals & Mining Issues Unlisted Options to Bolster Capital

Globe Metals & Mining Limited announced the issuance of 152,560,000 unlisted options as part of a previously announced transaction. This move is expected to impact the company’s operational strategy by potentially increasing its capital resources, thereby strengthening its position in the mining industry.

Globe Metals & Mining Announces Cessation of Securities

Globe Metals & Mining Limited announced the cessation of 3,273,078 securities due to the expiry of options or other convertible securities without exercise or conversion as of November 30, 2025. This cessation could impact the company’s capital structure and may influence investor perceptions and market positioning.

Globe Metals & Mining Faces ‘Second Strike’ on Remuneration Report at AGM

At the recent Annual General Meeting, Globe Metals & Mining Limited faced a ‘second strike’ against its 2025 Remuneration Report, as over 25% of votes opposed it. Despite this, the conditional Spill Resolution was not passed, meaning no further meeting is required. The meeting also saw the re-election of directors and approval of several resolutions, including the ratification of prior convertible notes and placement shares, indicating continued shareholder support for the company’s strategic initiatives.