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.
🖊️ Signed a letter of intent with Affilips N.V.
⛏️ Niobium buyers Globe will gain access to via the Affilips relationship
Watch the full interview ⚡https://youtu.be/qq1O9pGGyD8