Globe Metals & Mining announcement overview

Globe Metals & Mining Limited (ASX: $GBE) has released an announcement on 20 March 2024, providing further details on the successful extraction and separation of key metals and rare earth elements using environmentally sustainable chlorination refining. The company's Chief Executive Officer, Grant Hudson, has authorized the release of this announcement.

Executive commentary on metallurgical test work

Grant Hudson, Globe's CEO, expressed satisfaction with the progress made in the metallurgical test work, highlighting the successful extraction and separation of all key metals as technically feasible. He also emphasized the upcoming commissioning of the refinery pilot plant and the production of high-purity marketing samples, marking a significant step forward in the development of the Kanyika project.

Summary of Globe Metals & Mining announcement

Globe Metals & Mining (ASX: $GBE) has successfully extracted and separated key metals and rare earth elements using environmentally sustainable chlorination refining. The company has commenced the construction of a Refinery Pilot Plant for the production of marketing samples and is progressing towards the commissioning of a larger pilot plant refinery. The Kanyika Project aims to become a pioneering and environmentally sustainable niobium venture, prioritizing innovation and adherence to ESG principles. With the potential to become a globally significant niobium mine, Globe Metals & Mining is focused on producing high-specification high-purity products while ensuring a low carbon footprint. The company's ambitions include finalizing discussions with key industry off-takers, marking a major step forward in the project's development.