Globe Metals & Mining Ltd (ASX:GBE) CEO Paul Smith joined Proactive’s Tylah Tully to discuss the company’s progress at the Kanyika Niobium Project in Malawi and its outlook for 2025.
Smith highlighted that 2024 had been a landmark year, with regulatory and funding milestones achieved, paving the way for physical development to commence in the first or second quarter of 2025.
“We have over 50% of the funds raised, including $15 million in senior debt under due diligence and a $10 million convertible loan for early works,” Smith explained.
He emphasised Globe Metals’ focus on the niobium market, driven by demand from electronics, energy and transport systems.
This approach places the company in a high-value niche within the critical metals sector.
Looking ahead, Globe Metals aims to finalise its BFS, secure offtake agreements and complete funding arrangements in 2025.
These efforts will support the transition into front-end engineering and design, ensuring the project progresses smoothly into development.
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