GLOBE METALS & MINING LIMITED — Capital/Financing Update 2021

Aug 11, 2021

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KANYIKA NIOBUM PROJECT

UPDATE ON GRANT OF MINING LICENCE

Globe Metals & Mining Limited (ASX: GBE , Globe or the Company ) hereby provides the following update with respect to the grant of the mining licence for the Kanyika Niobium Project.

The Company has met with senior representatives of the Malawi Government on several occasions. These meetings have been binarily cordial and the nature and content of the meetings have been constructive and optimistic.

No formal reason has been put forward for the delay in grant of the mining licence nor a timeframe for resolution. Instead, the Malawi Government has requested patience and has advised Globe that it does not require any further information or require the Company to undertake any further actions.

Globe has expressed its strong commitment to work with the Malawi Government for the benefit of the Kanyika Project, the Kanyika community, Malawi and its’ people.

Globe has confirmed that it will be patient however noted that its’ patience should not be construed as acquiescence of the deficits in the awarding of the mining licence and that it reserves its rights.

Recently, is has come to the attention of the Company through an article in the Nyasa Times newspaper, the Malawi Anti-corruption Bureau has laid charges against the Minster of Energy purporting irregular influence toward the award of certain contracts. The article suggested that in light of this development, the President may now consider a cabinet reshuffle.

Shareholders can be assured that Globe’ Board and management are exploring all avenues to achieve the timely grant of the mining licence.

Further information in relation to the grant of the Kanyika mining licence will be provided as it comes to hand.

This announcement has been authorised for release by Alistair Stephens, Managing Director of Globe Metals & Mining Limited.

For further information please contact:

Alistair Stephens Michael Fry Managing Director Company Secretary +61 8 6118 7240 +61 8 6118 7240

Globe Metals & Mining Ltd | Unit 1, 26 Elliott Street, Midvale, WA, 6056 | PO Box 1811 West Perth WA 6872 | P: +61 6118 7240 | F: +61 8 6323 0418 web: www.globemm.com | Email: info@globemm.com | ABN 33 114 400 609 | ASX:GBE

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Disclaimer

• This announcement has been prepared by Globe Metals & Mining Limited (“Company”). The material contained in this announcement is for information purposes only. This announcement is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and nether this release nor anything contained in it shall form the basis of any contract or commitment.

• This announcement may contain forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Globe Metals & Mining Limited’s business plans, intentions, opportunities, expectations, capabilities and other statements that are not historical facts. Forward-looking statements include those containing such words as could-plan-target-estimate-forecast-anticipate-indicate-expect-intendmay-potential-should or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, and which could cause actual results to differ from those expressed in this report. Because actual results might differ materially to the information in this announcement, the Company does not make, and this announcement should not be relied upon as, any representation or warranty as to the accuracy, or reasonableness, of the underlying assumptions and uncertainties. Investors are cautioned to view all forward-looking statements with caution and to not place undue reliance on such statements.

• The announcement has been prepared by the Company based on information available to it, including information from third parties, and has not independently verified. No representation or warranty, express or implied, is made to the fairness, accuracy or completeness of the information or opinions contained in this announcement.

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