Globe Metals & Mining Receives Credit

Tantalum Investing

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

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.

Click here to read the full Mining Weekly report.

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