Highlights
▪ Globe Metals & Mining has signed a non-binding MOU with Myst Trading Pte Ltd relating to offtake
▪ The key terms of the MOU include:
- the right to purchase 100% (approximately 14 tonnes) of the Kanyika Project’s expected annual high-purity Tantalum Pentoxide production; and
- a right of first refusal to purchase 25% (approximately 76 tonnes) of the Kanyika Project’s expected annual high-purity Niobium Pentoxide production
▪ The Agreement will initially be for 3 years from first production of the Phase 1 commissioning of the Kanyika Project
▪ Globe has now signed non-binding offtake agreements for 57% of Phase 1
production of Niobium Pentoxide and 100% of Phase 1 production of Tantalum Pentoxide.
Read the full announcement here
About us:
Globe Metals and Mining is an African-focused resources company with its Kanyika Niobium Project in Malawi.
The Kanyika Niobium Project will produce niobium and tantalum products, which are key additives in high strength-low alloy (HSLA) steels and electronics. A JORC Mineral Resource Estimate indicates Kanyika could support a 20 year mine life.
Globe’s corporate head office in Perth, Australia is supported by regional operational offices in Lilongwe. The Company listed on the ASX in December 2005 (ASX: GBE).
To learn more, please visit: https://www.globemm.com/
Contact details:
For further information, please contact:
Globe Metals & Mining Limited
Paul Smith
Chief Executive Officer
P: +61 8 6118 7240
E: [email protected]
Media & Investor Enquiries
The Capital Network
Julia Maguire
P: +61 2 7257 7338
E: [email protected]
