GLOBE METALS & MINING LIMITED — Capital/Financing Update 2024

Apr 3, 2024

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----- Start of picture text ----- Globe Metals & Mining Limited ASX: GBEABN 33 114 400 609 +61 8 6118 724045 Ventnor Avenue info@globemm.comWest Perth WA 6005 globemm.com----- End of picture text -----

ASX Announcement

4 April 2024

Globe appoints strategic investor relations partner in Europe

Highlights

• recogni�on and liquidity in central European capital markets.

• Tailored investor rela�ons for junior mining companies, with a track record in Europe including collabora�ons with notable mining companies.

• Planned cross-lis�ng strategy aiming to reac�vate dormant lis�ngs on German exchanges, leveraging streamlined market standards to enhance visibility.

• setlements and streamlined trading.

Globe Metals & Mining Limited (ASX: GBE) (“ Globe ” or “ Company ”) is delighted to announce the appointment of Euroswiss Capital Partners Inc ( Euroswiss ) as a strategic and financial partner to help Globe increase brand recogni�on and liquidity in the central European capital markets.

Pursuant to a consulting services contract, Euroswiss will assist the Company, on a non-exclusive basis, to develop communication plans aimed at increasing Globe’s recognition in the central European markets as well as networking, business development, and general corporate finance opportunities in Europe for an initial term of 12 months. Globe will pay Euroswiss a fixed consulting fee of A$48,000 payable by instalments of A$4,000 per month, plus issue 2,000,000 options with an exercise price of A$0.06 and a term of 4 years.

About Euroswiss

Euroswiss is a reputable investor relations firm headquartered in Lucerne, Switzerland and offers a unique investor relations program tailored to the specific requirements of junior mining companies. Their focus is on garnering support from high-net-worth individuals, family offices, institutional investors, and retail investors as well as introduction to possible off-takers. Euroswiss boasts a track record of successful collaborations with companies such as Ionic Rare Earths, Pilbara Minerals, NeoMetals, Australian Vanadium, Galan Lithium, and Kaiser Reef. Their efforts have contributed to increased trading volumes through various strategies, including:

• facilitating cross-listings in Germany and coordinating market making activities alongside research;

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• providing an Investor Portal and media coverage, and distributing content through German investor and social media channels, including continuous tailored targeting of mining investor audiences;

• disseminating frequent information on influential German financial websites with significant investor following;

• targeted distribution to 400 investor websites, 450,000 computer terminals, daily newspapers, and directly engaging with 10,000 private/institutional investors and analysts; and

• organising investor roadshows in European financial hubs.

Regarding cross-listing initiatives, Globe intends to reactivate one or more dormant listings in Germany, including Hamburg, Stuttgart, Berlin, Frankfurt, and Tradegate. By leveraging streamlined market standards for companies listed on qualified international exchanges such as ASX, cross-listing allows for the utilisation of home market reporting to disseminate information in Germany. Admission to these listings is non-dilutive, as it does not require additional capital raising or issuance of new shares. The associated costs for admission and annual maintenance are minimal, amounting to less than $1,000.

While maintaining its primary listing on ASX, Globe recognises the trading benefits for German investors, such as transactions and settlements in Euros, trading within the central European time zone, and the assurance that the cross-listed shares represent the same class of securities as those traded on ASX, with share registry management handled jointly by the Company’s existing share registry (Automic Group) and a German transfer agent.

Grant Hudson, Globe’s CEO commented:

“We've garnered significant interest from prospective investors in Europe. By partnering with Euroswiss and pursuing these German cross-listings, we aim to enhance liquidity and streamline access to share trading for European investors. This appointment is aimed at broadening Globe’s investor base and boosting its visibility in European markets, which aligns well with the global strategic significance of Niobium. This move is poised to facilitate accessing the necessary funds for the Kanyika project development.”

This announcement has been authorised for release by the Company’s Chief Executive Officer, Grant Hudson.

For further information, please contact:

Grant Hudson Paul Smith Chief Executive Officer Chief Executive Officer Designate +61 8 6118 7240 +61 8 6118 7240 gh@globemm.com paul.smith@globemm.com

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About the Kanyika Niobium Project

The Kanyika Niobium Project is located in central Malawi, approximately 55km northeast of the regional centre of Kasangu and is secured by Large-Scale Mining Licence No. LML0216/21 which grants the Company security of tenure and the right to mine niobium, tantalum, and deleterious uranium.

mineralisa�on. Structured and progressive engineering studies have resulted in the current (JORC 2012) Mineral Resource Es�mate (refer below) and given rise to significant improvements and simplifica�ons in the process

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The Kanyika opera�ons will produce a pyrochlore mineral concentrate that contains both niobium and tantalum in commercially valuable volumes to be shipped to a refinery for advanced processing into high purity materials.

A Mineral Resource Es�mate for the Kanyika Niobium Project under the 2012 JORC guidelines was reported to ASX on 11 July 2018 as follows:

Table 1: MRE for KNP using a 1,500 ppm Nb2O5 lower cut Table 2: MRE for KNP using a 3,000 ppm Nb2O5 lower cut

	Category	Resource(Mt)	Nb2O5 (ppm)	Ta2O5(ppm)		Category	Resource(Mt)	Nb2O5 (ppm)	Ta2O5(ppm)
	Measured	5.3	3,790	180		Measured	3.4	4,790	220
	Indicated	47	2,860	135		Indicated	16.6	4,120	160
	Inferred	16	2,430	120		Inferred	2.8	4,110	190
	TOTAL	68.3	2,830	135		TOTAL	22.8	4,220	190

nameplate produc�on of 3,267 tonnes per annum (tpa) of niobium pentoxide, (Nb2O 5) and 136 tpa of tantalum pentoxide (Ta 2O 5) over the 27-year life of opera�ons. The Nb2O 5 and Ta2O 5 products will be high-specifica�on high-purity products with grades exceeding 99.5% and 99% respec�vely.

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Standard Niobium oxide is being used in the anodes of fast charging bateries (charging to 100% in less than 10 minutes). These bateries have applica�on in large vehicles that cannot afford excessive charging �me. These include haul trucks, trains, front-end loaders, underground mining machinery etc. They are also being used in bateries for handheld tools where fast charging is an advantage.

High purity Niobium is an integral component of daily-use, energy-related, and specialty technologies such as superalloys (ie, for aircra� engines and rocket assemblies), and superconduc�ng magnets (ie, for medical imaging devices and nuclear power genera�on).

The Kanyika Project aims to be a pioneering and environmentally sustainable niobium venture, priori�sing both innova�on and adherence to ESG principals. It has been shown to be a botom quar�le cost project and is designed to ensure the produc�on of “green Niobium” in that its Scope 1 and Scope 2 carbon emissions will be of the lowest in the world, with hydroelectric and solar power domina�ng its power sources for both the mine site and the refinery. The very low carbon footprint is also supported by a unique closed-cycle chlorina�on refining process, which is transforma�ve for the industry.

Mineral Resource Es�mates

The informa�on in this report that relates to Mineral Resources is extracted from the report �tled “Kanyika Niobium Project – Updated JORC Resource Es�mate” released to the Australian Securi�es Exchange (ASX) on 11 July 2018 and available to view at www.globemm.com and for which Competent Persons’ consents were obtained. Each Competent Person’s consent remains in place for subsequent releases by the Company of the same informa�on in the same form and context, un�l the consent is withdrawn or replaced by a subsequent report and accompanying consent.

included in the original ASX announcement released on 11 July 2018 and, in the case of es�mates of Mineral Resources, that all material assump�ons and technical parameters underpinning the es�mates in the original ASX announcement con�nue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original ASX announcement.

Full details are contained in the ASX announcement released on 11 July 2018 �tled ‘Kanyika Niobium Project – Updated JORC Resource Es�mate’ available to view at www.globemm.com.

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