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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% | |
55 Neutral | AU$83.78M | -31.37 | -6.39% | ― | ― | 37.04% | |
53 Neutral | AU$53.36M | -45.76 | -2.46% | ― | ― | -134.50% | |
51 Neutral | AU$64.72M | -14.38 | -10.78% | ― | ― | 11.11% | |
49 Neutral | AU$71.31M | -7.33 | -11.03% | ― | ― | 18.92% | |
48 Neutral | AU$23.56M | -8.42 | -108.41% | ― | ― | 36.67% | |
44 Neutral | AU$42.83M | -1.37 | -272.44% | ― | -99.90% | 81.70% |
Globe Metals & Mining Limited Corporate Events
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 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 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 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.