Globe Metals & Mining Receives Credit

Mining Weekly reported Globe Metals & Mining (ASX:GBE) received credit financing for its $220-million Kanyika niobium project in Malawi.

As quoted in the market news:

Globe told shareholders on Tuesday that the LOI marked an important step towards eventually bringing the Kanyika project into production.

The LOI was nonbinding and subject to a number of conditions, including a technical and financial due diligence, concluding terms for the provision of finance, relevant operational approvals, and approval from the China Development Bank’s credit committee.

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