Globe Metals & Mining Ltd has listed on the Frankfurt Stock Exchange (FSE), various regional German stock exchanges, and the Tradegate Exchange under the ticker G4U.
The company’s cross-listing strategy is designed to increase brand recognition and liquidity in the central European capital markets and comes after it appointed Euroswiss Capital Partners Inc as a strategic and financial partner to help in these efforts.
It should be noted that shares will continue to trade on the ASX under the ticker symbol GBE.
GBE intends to mine niobium and tantalum, two critical minerals vital to emerging energy technologies, at its Kanyika Project in Malawi.
LEI reactivation
Following the reactivation of its Legal Entity Identifier (LEI) number, Globe has received approval for cross-listings that are set to broaden the company's access to a substantial new pool of potential investors. This strategic move is expected to expand Globe's shareholder base, enhance liquidity and introduce the company to a broader audience across Europe.
“The LEI reactivation will facilitate increasing the international profile of Globe, while providing the full range of the European investment community with an opportunity to invest in the company,” Globe chief operating officer Paul Smith said.
About the exchanges
The FSE is one of the world’s leading international trading centres for securities. Operated by Deutsche Börse (ETR:DB1) Group, the FSE accounts for approximately 90% of all securities traded in Germany, making it the largest of the country's eight stock exchanges.
This listing is set to simplify the process for European and international investors to trade Globe's shares, facilitating cross-border transactions.
Detailed information on Globe's FSE listing can be accessed on the Börse Frankfurt website: https://www.boerse-frankfurt.de/equity/globe-metals-mining-ltd.
Additionally, Globe has also secured a listing on the Tradegate Exchange, a Berlin-based electronic securities exchange founded in 2009. Tradegate is renowned for specialising in the execution of private investor orders and operates fully regulated trading activities. It features an electronic trading system that ensures immediate, automatic order executions and is supported by specialists who maintain sufficient liquidity for trading.
Further enhancing its accessibility to European investors, Globe has activated additional cross-listings on the Berlin Stock Exchange (BER), the Hamburg Stock Exchange (HAM), and the Stuttgart Stock Exchange (SWB). These strategic moves are poised to significantly increase Globe’s visibility and attract a broader investor base across Europe.
About the Kanyika Niobium Project
The Kanyika Niobium Project, in central Malawi near the regional centre of Kasangu, is set to be the first major niobium mine to open globally in the past 50 years. Holding a Large-Scale Mining Licence No. LML0216/21, the project is authorised to mine niobium, tantalum and deleterious uranium over a 27-year operational period. The licence ensures security of tenure for the company and supports its long-term mining operations.
Extensive drilling programs, amounting to 33.8 kilometres of percussion and core drilling, have effectively outlined the mineralisation at the site. These findings have led to substantial advancements in engineering studies and significant enhancements to the process flowsheet, as evidenced by the current mineral resource estimate (MRE) under the 2012 Joint Ore Reserves Committee (JORC) guidelines.
According to the MRE reported to the ASX on July 11, 2018, Kanyika is projected to produce an average of 3,267 tonnes per annum of niobium pentoxide (Nb2O5) and 136 tonnes per annum of tantalum pentoxide (Ta2O5). Both products are expected to meet high specifications with purity levels exceeding 99.5% and 99% respectively.
Rapid-charging batteries
Niobium oxide, a key output from the project, is increasingly being used in the anodes of rapid-charging batteries, which are capable of reaching full charge in less than 10 minutes. These batteries find applications in large vehicles and equipment in sectors such as mining and transportation, where reduced charging times are critical.
High-purity niobium also plays a vital role in the manufacture of superalloys and superconducting magnets used in various high-tech applications including medical imaging and nuclear power generation.
Through the Kanyika Niobium Project, the company is committed to pioneering sustainable mining practices, focusing on innovative techniques and strict adherence to environmental, social, and governance (ESG) principles.
It aims to produce ‘green niobium’ with one of the lowest carbon footprints in the industry, supported by a unique closed-cycle chlorination refining process and the predominant use of hydroelectric and solar power. This initiative positions the Kanyika Project as a bottom quartile cost project in terms of environmental impact.