New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.6m free cash flow). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (AU$61k revenue, or US$43k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$67.5m market cap, or US$47.2m). New Risk • Jan 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (AU$11k revenue, or US$7.4k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$43.1m market cap, or US$29.0m). Annuncio • Dec 10
Globe Metals & Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7085 million. Globe Metals & Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7085 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,500,000
Price\Range: AUD 0.051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Nov 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m (AU$11k revenue, or US$7.1k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$42.4m market cap, or US$27.5m). Annuncio • Oct 09
Globe Metals & Mining Limited announced that it expects to receive AUD 17.34 million in funding Globe Metals & Mining Limited announced a private placement of 170,000,000 Ordinary Shares at AUD 0.051 price per share for gross proceeds AUD 867,000,000. The transaction includes participation from Avocado Trading Limited and Suitable Pioneer Limited through two tranches private placement. Tranche 1 comprises of the issuance of 136,500,000 fully paid Ordinary Shares at AUD 0.051 price per share for gross proceeds of AUD 6,961,500 s to Avocado Trading Limited and will be completed under Globe’s existing ASX Listing Rule 7.1 and 7.1A placement capacity. And, Tranche 2 comprises of the issuance of 33,500,000 fully paid ordinary shares AT AUD 0.051 for gross proceeds of AUD 1,708,500 to Suitable Pioneer subject to shareholder approval that will be sought at the AGM to be held in or around 27 November 2025. Additionally, the Tranche 2, the company also issued of a total of 190,000,000 free-attaching options exercisable at AUD 0.069 and expiring one year from the date of issue, will be subject to shareholder approval at the Annual General Meeting (AGM) in late November 2025. Annuncio • Oct 08
Globe Metals & Mining Limited, Annual General Meeting, Nov 27, 2025 Globe Metals & Mining Limited, Annual General Meeting, Nov 27, 2025. Annuncio • Jul 03
Globe Metals & Mining Limited Announces Resignation of Paul Hardie as Joint Company Secretary Globe Metals & Mining Limited announces that Mr. Paul Hardie has resigned as Joint Company Secretary of the Company with immediate effect. Ms. Kelly Moore remains appointed as the Company Secretary of Globe. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Mike Barrett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 29
Globe Metals & Mining Limited, Annual General Meeting, Nov 28, 2024 Globe Metals & Mining Limited, Annual General Meeting, Nov 28, 2024. Location: 45 ventnor avenue, west perth, western australia, Australia New Risk • Sep 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Market cap is less than US$100m (AU$27.7m market cap, or US$19.0m). New Risk • Mar 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (AU$22.3m market cap, or US$14.6m). New Risk • Jan 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (AU$25.0m market cap, or US$16.4m). Annuncio • Jan 10
Globe Metals & Mining Limited Appoints Paul Smith as Chief Operating Officer Globe Metals & Mining Limited announced the appointment of Mr. Paul Smith as its Chief Operating Officer effective immediately. Mr. Smith has over 30 years' experience as a senior mining industry executive across exploration, feasibility, project development, and operations management on a global platform. He has extensive experience with start-up and turnaround strategies, leveraging significant expertise in stockbroking, corporate finance, and project funding in delivering key business objectives. Mr. Smith has previously held senior executive positions with Aquarius Platinum Limited (now part of Sibanye Stillwater Limited), Weiszwe Platinum Limited, and more recently Impala Platinum Holdings Limited. Mr. Smith has a Bachelor of Science, Geology & Chemistry from Rhodes University (South Africa), a Bachelor of Commerce (Hons) from Stellenbosch University (South Africa), a Graduate Diploma in Extracve Metallurgy from Camborne School of Mines (United Kingdom), and a Master of Business Administraon from Stellenbosch University (South Africa). Annuncio • Nov 09
Globe Metals & Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 7.53153 million. Globe Metals & Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 7.53153 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 129,467,708
Price\Range: AUD 0.037
Discount Per Security: AUD 0.00074
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,002,131
Price\Range: AUD 0.037
Discount Per Security: AUD 0.00074
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,455,972
Price\Range: AUD 0.037
Discount Per Security: AUD 0.00148
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,629,054
Price\Range: AUD 0.037
Discount Per Security: AUD 0.00148
Transaction Features: Rights Offering Annuncio • Oct 05
Globe Metals & Mining Limited, Annual General Meeting, Nov 29, 2023 Globe Metals & Mining Limited, Annual General Meeting, Nov 29, 2023. Agenda: To consider the re-election of directors. Annuncio • Sep 22
Globe Metals & Mining Limited, Annual General Meeting, Oct 26, 2023 Globe Metals & Mining Limited, Annual General Meeting, Oct 26, 2023, at 11:00 W. Australia Standard Time. Location: 45 Ventnor Avenue, West Pert Western Australia Australia Agenda: To consider approval to issue shares to related party ; and to discuss other matters. Annuncio • Dec 05
Globe Metals & Mining Limited Announces CFO Changes Globe Metals & Mining Limited announced the appointment of Mr. Charles Altshuler as its new Chief Financial Officer effective immediately. Mr. Altshuler has over 18 years' experience as a Chartered Accountant (CA ANZ and CA SA) and holds an Australian MBA, and advanced project management qualifications from Stanford University. Mr. Altshuler has previously held senior finance positions in Anglo American and other large corporations in various industries in South Africa, and more recently the CFO role in an ASX-listed pharmaceuticals company. He has extensive experience in capital raises, off-take agreements, introduction of strategic investors, mergers and acquisitions, post-merger synergies, and cost reduction projects. His considerable experience in both Africa and Australia will ensure he plays a key role as Globe's CFO in maximising value for the Company and its shareholders. Mr. Altshuler succeeds Mr. Michael Fry as CFO, who will be leaving the Company this month to pursue other opportunities. The Board would like to thank Mr. Fry for his significant contribution and dedicated service to Globe over the past 7 years and wishes him every success in his future endeavours. Annuncio • Oct 04
Globe Metals & Mining Limited, Annual General Meeting, Nov 30, 2022 Globe Metals & Mining Limited, Annual General Meeting, Nov 30, 2022. Annuncio • Aug 13
Globe Metals & Mining Limited, Annual General Meeting, Sep 19, 2022 Globe Metals & Mining Limited, Annual General Meeting, Sep 19, 2022, at 14:00 AUS Central Standard Time. Location: 45 Ventnor Avenue, West Perth, Western Australia. West Perth Australia Agenda: To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution; To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution; To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution; To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution; To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution. Annuncio • Aug 01
Globe Metals & Mining Limited Provides Clarification on Kanyika Niobium Project Brief Update Globe Metals & Mining Limited (‘Globe’ or ‘the Company’) provided clarification in respect of its announcement of 25 July 2022 titled ‘Kanyika Niobium Project Brief Update.’ The arrangement with respect to the technology to produce ferro-niobium from concentrates at Globe's KNP mine site is, however, currently not the subject of any formal agreement and all discussions to date with the potential supplier of the technology (Proposed Supplier) have been informal and preliminary in nature. Since lodgement of the Announcement, Globe sought the consent of the Proposed Supplier to disclose its name to the market by way of an updated market announcement. The Proposed Supplier has communicated with Globe its strong disagreement with such disclosure. The Board of Globe has considered seriously the concerns of the Proposed Supplier and the potential legal dispute such disclosure of its identity may cause the Company and, as a consequence, has decided to terminate the aforementioned discussions with the Proposed Supplier with immediate effect. Globe is disappointed with this outcome, but the Board believes that this action is the best to take to protect the interests of all parties concerned. Globe will continue test works to determine the potential of Kanyika concentrates in ferro-niobium application. Globe will make further announcements on progress as the development continues. Globe also wishes to clarify that its discussions with TCM Research Limited (TCM) with respect to the technology to produce niobium oxides from its concentrates have also been informal, preliminary in nature, and not the subject of any formal agreement. Further, at this time, there is no guarantee that Globe will enter into any formal agreement with TCM, or that TCM's technology will ultimately prove to be beneficial to Globe. Globe will continue to update the market. Annuncio • Jul 22
Globe Metals & Mining Limited Provides an Update on the Progress of the Finalisation of the Mining Development Agreement (MDA) for the Kanyika Niobium Project Globe Metals & Mining Limited provided an update on the progress of the finalisation of the Mining Development Agreement (MDA) for the Kanyika Niobium Project. Globe confirms that it has received formal communication from the Malawi Ministry of Mining advising that the negotiations and attendant review of the draft Kanyika Niobium Project MDA have been consummated, following a recommendation for approval made by the Government's MDA Steering Committee. The letter further states that the Ministry of Justice is vetting the final draft of the MDA, in readiness for submission to the Ministers of Mining and Finance for approval and signing which may take place in due course. The Company cautions that the process is not yet complete, and that approval and signing is subject to Ministers of Mining and Finance discretion. Annuncio • Jul 05
Globe Metals & Mining Limited Appoints Paul Hardie as General Counsel and Company Secretary Globe Metals & Mining Limited advised that Mr. Paul Hardie has been appointed as General Counsel and Company Secretary with immediate effect. Mr. Hardie is a commercial lawyer with more than 20 years' legal and corporate experience and is the principal and founder of Hardies Lawyers. In addition to advising and acting for public companies across a range of sectors including mining and resources, construction, and financial services, Mr. Hardie has extensive public company experience in both non-executive and executive leadership roles. Mr. Hardie is presently General Counsel and Joint Company Secretary of ASX-listed Matrix Composites & Engineering Limited and holds both a Bachelor of Laws and a Bachelor of Economics. Mr. Fry will remain with Globe as its Chief Financial Officer. Annuncio • Jun 08
Globe Metals & Mining Limited Announces Formal Approval Received for Grant of Mining Licence Globe Metals & Mining Limited announced that it has received formal notification from the Principal Secretary of Mining that the Malawi Government's Mineral Resources Committee has reviewed Globe's mining licence application for the Kanyika Niobium Project (AML0026) and recommended the grant of a Mining Licence. Following the receipt of the mining licence and execution of the development agreement, the Company will commence the release of important information in a logical manner regarding the project. In no particular order, this will consist of the key terms of the development agreement with the Government, the nature of a community development agreement and social responsibility programmes, project metrics and operational design including reserves and mine life, financing and sales strategy, and the building of organisational capacity. Now that a major milestone has been reached, the Company can look to actively pursue promotional and marketing strategies to develop a broader market appreciation of the project.