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Globe Metals & Mining Limited
(Sydney:GBE)
Globe Metals & Mining Limited (GBE) vs. iShares MSCI Australia ETF (EWA)
Globe Metals & Mining Limited Business Overview & Revenue Model
Globe Metals & Mining Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 11.00K | 0.00 | 0.00 | 0.00 | 199.00 |
| Gross Profit | -7.00K | 11.00K | -21.00K | -22.00K | -60.00K | -17.00K |
| EBITDA | -1.39M | -2.92M | -2.69M | -2.59M | -2.47M | -1.36M |
| Net Income | -1.80M | -3.35M | -3.43M | -2.66M | -2.75M | -1.38M |
Balance Sheet | ||||||
| Total Assets | 35.01M | 35.01M | 33.02M | 30.89M | 30.86M | 32.68M |
| Cash, Cash Equivalents and Short-Term Investments | 496.00K | 496.00K | 1.15M | 244.00K | 431.00K | 2.82M |
| Total Debt | 4.91M | 4.91M | 0.00 | 825.00K | 1.05M | 46.00K |
| Total Liabilities | 5.42M | 5.42M | 275.00K | 967.00K | 1.36M | 404.00K |
| Stockholders Equity | 29.59M | 29.59M | 32.74M | 29.92M | 29.50M | 32.28M |
Cash Flow | ||||||
| Free Cash Flow | -1.43M | -2.39M | -4.09M | -2.77M | -3.79M | -2.29M |
| Operating Cash Flow | -1.43M | -2.39M | -2.83M | -2.02M | -2.32M | -1.23M |
| Investing Cash Flow | -2.75M | -2.75M | -1.26M | -428.00K | -1.02M | -1.06M |
| Financing Cash Flow | 4.49M | 4.49M | 5.00M | 2.26M | 1.02M | 2.29M |
Globe Metals & Mining Limited Technical Analysis
Globe Metals & Mining Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$48.62M | -5.00 | -11.03% | ― | ― | 18.92% | |
52 Neutral | AU$37.55M | -32.20 | -2.46% | ― | ― | -134.50% | |
48 Neutral | AU$62.56M | -23.53 | -6.39% | ― | ― | 37.04% | |
48 Neutral | AU$27.98M | -10.00 | -108.41% | ― | ― | 36.67% | |
45 Neutral | AU$44.08M | -9.79 | -10.78% | ― | ― | 11.11% | |
42 Neutral | AU$44.97M | -1.44 | -272.44% | ― | -99.90% | 81.70% |
Globe Metals & Mining Limited Corporate Events
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 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 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 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 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 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 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 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 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.
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.
Globe Metals & Mining Limited announced a correction to its Notice of Annual General Meeting regarding the election of Mr. Xuedong Li as a non-board endorsed director. Initially described as an independent director, it has been clarified that Mr. Li would not be independent due to his directorship at Jiangsu Eastern China Non-Ferrous Metals Investment Holding Co., Ltd, the parent company of Globe’s substantial shareholder. This correction aligns with ASX Corporate Governance Principles, impacting the company’s board composition and governance practices.
Globe Metals & Mining Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability. This disclosure is crucial for stakeholders as it provides insights into the company’s governance practices and compliance with regulatory standards.
Globe Metals & Mining Limited has made significant progress in its Kanyika Niobium Project, receiving a 12-month extension from the Malawi Mines and Minerals Regulatory Authority to commence substantial mining operations by September 2026. This extension allows the company to align its development activities with national infrastructure schedules and finalize critical activities such as road access, power connection, and community resettlement. The project’s strategic importance is underscored by the U.S. Geological Survey ranking niobium as a top-ten strategic mineral, highlighting its potential economic impact. Additionally, Globe has strengthened its financial position through a private placement and loan conversions, positioning itself for the next phase of development.
Globe Metals & Mining Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 27, 2025, in West Perth, Western Australia. The company encourages shareholders to submit proxies in advance and has made the meeting documents available online, reflecting a shift towards digital communication in compliance with recent legislative changes.
Globe Metals & Mining Limited announced the issuance of over 153 million fully paid ordinary shares following the conversion of convertible notes and a placement tranche. This move is part of their strategic financial operations under the Corporations Act, ensuring compliance with relevant disclosure requirements. The development of the Kanyika Niobium Project, which will be executed in two phases, is expected to enhance the company’s market position by providing high-value mineral products for export, potentially benefiting stakeholders through increased resource estimates and streamlined processing techniques.
Globe Metals & Mining Limited announced the quotation of 136,500,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 23, 2025. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market presence, potentially benefiting stakeholders by increasing the company’s financial flexibility and visibility in the market.
Globe Metals & Mining Limited announced the application for quotation of 17,063,845 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial flexibility and strengthen its market position, potentially impacting stakeholders by increasing the liquidity of its shares.
Globe Metals & Mining Limited has successfully completed the settlement of Tranche 1 of its A$8.67 million private placement, raising A$6.96 million and issuing 136.5 million shares to Avocado Trading Limited. Additionally, the company has strengthened its financial position by converting a USD $540,000 loan from Ms. Jennifer Ping into equity, and is in discussions with major shareholder Mr. Bo Tan for a potential partial loan repayment through equity issuance. These actions are aimed at reducing debt and supporting the advancement of the Kanyika Niobium Project, which is crucial for the company’s growth and operational expansion.
Globe Metals & Mining Limited has announced its Annual General Meeting (AGM) will take place on November 27, 2025, with director re-elections as a key agenda item. The Kanyika Niobium Project, a significant venture for the company, is set to be developed in two phases, enhancing its market position by producing high-value mineral oxides for international markets.
Globe Metals & Mining Limited has announced a proposed issue of securities, including 152,560,000 unlisted options and 136,500,000 fully paid ordinary shares. This move is aimed at raising capital to support the company’s operations and growth initiatives, potentially impacting its market positioning and offering new opportunities for stakeholders.
Globe Metals & Mining Limited has announced a successful two-tranche private placement raising $8.67 million from strategic investors Avocado Trading Limited and Suitable Pioneer Limited. This funding will bolster the company’s financial position, enabling it to advance the Kanyika Niobium Project towards a Final Investment Decision and commence substantial mining operations, aligning with a recent 12-month extension under the Mining Development Agreement. The placement includes the issuance of 170 million ordinary shares and free-attaching options, with a significant portion subject to shareholder approval at the upcoming AGM.
Globe Metals & Mining Limited has requested a trading halt on its securities pending an announcement regarding a significant capital raising. This move is expected to impact the company’s financial strategy and market positioning, as it seeks to secure additional funds to support its operations and growth initiatives.