Globe Metals & Mining (ASX:GBE) has signed a letter of intent with Affilips N.V. for up to 100 tonnes of refined high purity Niobium Pentoxide. The letter of intent outlines the framework for both parties to negotiate a binding offtake agreement for 32% of Phase 1 niobium production from the now under development Kanyika Niobium Project, located in Malawi, Africa. Such agreements are a critical component of the Project’s development and the subsequent generation of sustainable cash flows. Globe Metals & Mining Chief Executive Officer Paul Smith joins The Stock Network’s Lel Smits.
1 Offtake agreements in place
A key part of your stated development plan for the Kanyika Project is to quickly get offtake agreements in place for its Phase 1 production. Why are such agreements so important well ahead of any production occurring?
2 What niobium buyers Globe will gain access to via the Affilips relationship
Affilips N.V., the group Globe Metals and Mining has signed this letter of intent with, is a leading supplier of master alloys. Where are the latter group’s customers located and what industries do they operate in?
3 Summary
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