Page 1

Globe Metals & Mining Niobium - critical to engineering and new and emerging technologies ASX RELEASE 26 October 2021 Quarter ended 30 September 2021 Review of Operations Globe Metals & Mining About Globe • Globe Metals & Mining Limited is a Perth based company listed on Australian Stock Exchange ( ASX Code : GBE ) Investment Summary • 100 % interest held in Kanyika Niobium Project in Malawi ( Africa ) Directors and Management Ms Alice Wong - Non - Executive Chairperson Mr Alistair Stephens - Managing Director Mr William Hayden - Non - executive Director Mr Bo Tan - Non - executive Director Mr Ricky Lau - Non - executive Director Mr Michael Fry - CFO / Company Secretary Capital Structure Shares on Issue : 465,922,373 Substantial Shareholders Apollo Metals : 52.79 % Ao - Zhong International Minerals : 25.36 % Director Holdings * Mr Alice Wong : 245,983,611 ( 52.80 % ) Mr William Hayden : 1,276,923 ( 0.27 % ) Director Stephens : 1,325,000 ( 0.26 % ) * both direct and indirect Contact Alistair Stephens Managing Director info@globemm.com T : +61 ( 0 ) 8 6118 7240 HIGHLIGHTS Kanyika Niobium Project - • Mining Licence LM0216 / 21 issued for the Kanyika Project refer ASX announcement of 19 August 2021 titled " KNP Mining Licence Granted " . • Globe has continued to build its project delivery organisational capability with the appointment of three highly experienced and skilled senior personnel ; Mr Grant Hudson to the position of General Manager - Corporate Services , Mr Rex Zietsman to the position of Project Leader - Kanyika , and Mr Ravikumar Ramachandran to the position of Project Leader - Refinery . • Good progress made in relation to off - take and debt - funding , with communications commenced between Globe and several parties . Conversations on community development programs , relocation of affected persons also commenced . • Ongoing processing optimisation testwork aimed at reducing the Kanyika Project's capital and operating costs has led to the filing of an application for a novel patent covering metallurgical technology for the recovery of pyrochlore that will significantly benefit the Kanyika Project , and which has potential for application to other niobium projects globally and to other commodity types . Development Agreement • The Company awaits notification from the Government of Malawi for the execution of a Mine Development Agreement ( MDA ) . The MDA establishes key terms and conditions for operation and the fiscal regime for the Project . Niobium - Recent Press • In mid - October , World Steel Association released its short - range outlook for 2021 and 2022 which predicts that steel demand will grow 4.5 % in 2021 and a further 2.2 % in 2022 ( ~ 90 % of niobium is consumed as ferro - niobium in the manufacture of high strength low alloy steels ) . • Niobium is critical to quantum computing . According to Harvard Business Review the quantum race is underway . Governments and private investors are pouring billions into quantum research and development . And the likes of IBM , Google , Microsoft , and Amazon are investing heavily in developing large - scale quantum computing hardware and software . • Use of niobium in electric vehicle batteries continues to gain momentum . Echion Technologies , born out of the laboratories of the University of Cambridge Engineering Department , completed a £ 10M Series - A funding round in August 2021 boasting that its niobium based anode products enable a unique combination of fast - charge , safety , and high energy density . Corporate & Finance • Cash at bank and in term deposits as at 30 September 2021 was $ 1.902 million ( 30 June 2021 : $ 2.816 million ) . Globe Metals & Mining ASX : GBE Unit 1 , 26 Elliott Street , Midvale Western Australia 6056 www.globemm.com P : +61 ( 8 ) 6118 7240