Globe Metals signs offtake agreement with Myst Trading for Malawi's Kanyika Project
Globe Metals & Mining (Globe) has signed a non-binding memorandum of understanding (MOU) with Myst Trading (Myst) for the offtake of phase one production from the Kanyika Niobium Project in Malawi.
The MOU includes the purchase of 14 tonnes (t) of refined high-purity tantalum pentoxide and 76t of refined high-purity niobium pentoxide.
It outlines the framework for both parties in negotiating a binding offtake agreement for the Kanyika Niobium Project phase one production.
The agreement will provide Myst Trading with the right to purchase 100% of the estimated annual production of 14t of refined high-purity tantalum pentoxide.
Additionally, Myst will hold a right of first refusal to purchase 25% of the estimated annual production of 76 million tonnes of refined high-purity niobium pentoxide.
This agreement marks the second offtake agreement for Globe's Kanyika Niobium Project, which is located approximately 55km north-east of Kasangu in central Malawi.
The project lies within large-scale mining licence LML0216/21, which grants the right to mine niobium, tantalum, zirconium and other minor metals.
Globe has now secured non-binding offtake agreements for 57% of niobium pentoxide and 100% of tantalum pentoxide production from the first phase of the project.
The agreement's initial three-year period will begin with the start of phase one production.
The price for the products will be connected to current Asian metals market prices.
Globe CEO Paul Smith said: 'The MOU with Myst confirms our significant progress in finalising offtake agreements for all phase one production at the Kanyika Project. Such agreements are a critical component of the project's funding and ultimate development. This is the second non-binding agreement signed by Globe, following our agreement with Affilips N.V on niobium offtake (announced in September 2024).
'The Myst MOU gives Globe access to the lucrative Asian markets for niobium and tantalum oxides. We look forward to a long relationship with Myst. The key non-binding agreements will further support the finalisation of our updated bankable feasibility study and associated funding commitments under way. Globe looks forward to announcing very significant Kanyika Project development milestones in the coming months, which will pave the way for the development of this exciting project.'
Globe and Myst aim to execute a binding offtake agreement by the second quarter of 2025, with a full offtake agreement expected by 1 September 2025.
In June last year, Globe Metals secured an at-the-market equity facility with Long State Investments, a New York-based company, which will offer up to $20m (A$31.62m) over a two-year period to advance the Kanyika Niobium Project.
"Globe Metals signs offtake agreement with Myst Trading for Malawi's Kanyika Project" was originally created and published by Mining Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
How To Earn $500 A Month From Campbell's Stock Ahead Of Q3 Earnings
Campbell's Company (NASDAQ:CPB) will release its third-quarter earnings results before the opening bell on Monday, June 2. Analysts expect the Camden, New Jersey-based company to report quarterly earnings at 66 cents per share, down from 75 cents per share in the year-ago period. Campbell's projects to report quarterly revenue of $2.43 billion. Compare that to the $2.37 billion it reported last year, according to data from Benzinga Pro. On May 23, Piper Sandler analyst Michael Lavery maintained Campbell's with an Overweight rating and lowered the price target from $45 to $42. With the recent buzz around Campbell's, some investors may be eyeing potential gains from the company's dividends too. As of now, Campbell's offers an annual dividend yield of 4.57%, which is a quarterly dividend amount of 39 cents per share ($1.56 a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $131,418 or around 3,846 shares. For a more modest $100 per month or $1,200 per year, you would need $26,277 or around 769 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.56 in this case). So, $6,000 / $1.56 = 3,846 ($500 per month), and $1,200 / $1.56 = 769 shares ($100 per month). View more earnings on CPB Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. CPB Price Action: Shares of Campbell's gained 1.1% to close at $34.17 on More: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? THE CAMPBELL'S (CPB): Free Stock Analysis Report This article How To Earn $500 A Month From Campbell's Stock Ahead Of Q3 Earnings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
- Yahoo
How economic health impacts the pet care market: Rover CEO
Rover CEO Aaron Easterly joins Catalysts with Madison Mills and S&P Global Ratings global chief economist Paul Gruenwald to discuss the pet care marketplace company's transition from publicly traded to going private under Blackstone (BX), the impact of inflation and tariffs, and more. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Pet care platform Rover expanding its international footprint, bringing the marketplace to two new countries and acquiring a European-based dog sitting and walking platform. The company planning to invest $15 million over the next five years for further expansion. Joining us now, we've got Aaron Easterly, he is Rover's CEO. Aaron, great to speak with you. I know that Blackstone had taken the company private in a $2.3 billion deal back in 2024. Walk us through how that has impacted your growth story since and how that's impacting your ability to expand in these areas internationally. Yeah, overall, it's been a net positive. Um, one of the nice things about Blackstone is they're a pretty long-term oriented investor. Um, so when that transaction closed, we took a look at a lot of investments we were excited about that may have been a little bit more difficult to execute in a public company setting, um, and decided to go ahead with them. Um, so further expansion in Europe is one example of that. And talk to me about more broadly how you think about public versus private, having experienced both. What are some of the shifts that you've noticed as you've gone private and why did that make sense for Rover? Yeah, you know, I'd say that we are always a company that's been mission first. We want to make it possible for everyone to experience the unconditional love of a pet. The logistics of pet care is one of the barriers to more people having pets. And so that's always our primary focus. There are pros and cons of being public, there are pros and cons of being private. Um, so we're always very situational around what makes sense for the next stage of the company, um, and being able to be a little bit more longer term oriented in some of our investments, um, that take a little bit of time to develop, uh, made being private a nice thing at this point in time. And I should mention that for our audience, you can look up private company data including the likes of Rover on the Yahoo Finance platform under our private markets page. But I do want to bring in Paul Gruenwald, my guest host. He has a question for you. Hey, Aaron, it's Paul. I've never asked a pet care question before, I'm an economist, so forgive this. But Maddie and I were just chatting before. You know, we're talking about an economic slowdown and we're talking about consumers having like a, you know, uh, a discretionary bucket or a necessity bucket. So, where do you think the pet care, you know, your business fits in? Is it something that people do on a kind of discretionary basis or is this becoming more of a necessity as we kind of look through the the economic cycle? Yeah. Um, if you look at pet parents, um, historically the view has been that pet parents view it as a necessity. Right. About 72% of pet parents, if you ask them, do they view themselves as a pet owner or specifically a parent, they will say parent. Um, so it's more akin to a parent-child bond than, uh, piece of property. Um, and with that, uh, the pets tend to be the last thing or spending on pets tend to be the last thing people cut in tough times. That being said, we did see not a reversal that trend, but a little bit of a moderation that trend over the past couple years. For the younger generations, um, inflation outpaced, um, their income growth. So you actually had a slight shrinking, uh, of real income for that group. And for the first time in maybe 20 years, we saw some amount of pet parents be a little bit more modest on, uh, how extravagant they were going with their pet food and treats and toys, um, and things like that. Uh, but overall, pet parents, uh, prioritize their pets in a lot of cases about themselves. Yes. Great to know. Thanks. Yeah, it is great to know and it's also interesting, Aaron, too, one thing we've been talking about is whether pet parents might also be coming pet babysitters for others amid an economic slowdown. Can you talk to me about whether or not you're seeing an increase in gig economy work on the platform amid a moment of economic uncertainty? We, uh, straddle the line between, uh, passion project and gig work. Um, so most of the people that are on Rover are doing Rover as side income. So in that sense, it is kind of like a gig. Um, but they're also doing it because they specifically love pets. Um, and so in that sense, you get people that choose to do this for reasons unrelated to their hourly earnings potential. Um, it's a a preference, um, in addition to a job. Um, we have seen an increase in the number of sitters applying to be on the platform. Um, you know, if anything, we have to moderate that a little bit to make sure that the demand ramps in pace with the supply. Uh, but we've been very happy with our supply dynamics and the amount of people that are excited to be on the Rover platform. And and talk to me, too, about a stat that you all have. You did a Rover true cost of pet Parenthood report indicating that 52% of pet owners are concerned that tariffs will increase pet costs. Just curious what that signals to you about the way that tariffs are impacting some of the consumer sentiment of people who are using your platform. Yeah, I'm in general, the inflation in the pet economy for the past several years has actually outpaced inflation in the rest of the economy, uh, particularly on the service side, particularly on the veterinary side. Um, and for several years, there's also really high on the pet food side, but that's moderated this year. Um, so pet parents are looking at these dynamics and saying, wow, there may be a 10% increase in the cost of having a cat this year, a 7% increase in the cost of owning a dog this year. You know, what are some ways that I can be a little bit more frugal while still prioritizing my pets? Um, but when you add in these other things like tariffs, um, yeah, there is definitely some concern that that's going to, uh, push them over the edge so to speak in terms of the cost that they're going to have to eat. Sign in to access your portfolio
Entrepreneur
31 minutes ago
- Entrepreneur
Archer Aviation Stock Steadies After Short-Seller Report
Archer Aviation's stock shows resilience after a short-seller report, as investors shift to the upcoming milestones and flight demonstrations for validation. This story originally appeared on MarketBeat [content-module:CompanyOverview|NYSE:ACHR] Archer Aviation (NYSE: ACHR) recently found itself in the spotlight after a critical report from short-seller Culper Research on May 20th caused its stock to dip. However, in the days since, Archer's shares have shown signs of stabilizing. At midday on May 29, 2025, the stock price was approximately $10.66. Acher Aviation's stock activity, since the report suggests the market might be looking past the initial shock. Now, investor attention is sharply focused on Archer's upcoming operational milestones. Can the company deliver the flight demonstrations needed to fully counter the short-seller's claims and propel the stock forward? How Did Archer Stock Respond to Short Seller Claims? Culper Research's report on May 20 didn't pull any punches. It accused Archer Aviation of misleading investors about its progress. Key allegations included questions about testing timelines for its Midnight eVTOL aircraft and the validity of a key flight milestone in June 2024. Archer quickly responded, calling the claims "baseless" and questioning Culper's credibility as a research firm. What happened to the stock? Initial Drop: Archer's stock price fell sharply right after the report, by as much as 12-14% during trading on May 20 and 21. Archer's stock price fell sharply right after the report, by as much as 12-14% during trading on May 20 and 21. Finding a Floor: Over the following days, up to May 29, the stock price showed signs of stabilizing. It even saw some upward movement on May 27 and 28, closing at $10.93 and $10.95, respectively. Over the following days, up to May 29, the stock price showed signs of stabilizing. It even saw some upward movement on May 27 and 28, closing at $10.93 and $10.95, respectively. Market Interpretation: This stabilization might mean a couple of things. First, the market quickly priced in the short-seller's arguments. Second, without new, equally damaging information from Culper immediately following up, some investors may be taking a "wait and see" approach. They might be looking for Archer to prove its case through actions, not just words. Recent financial news has highlighted the ongoing dispute between the two organizations, presenting both perspectives. This media coverage has likely confused most investors, further stalling Archer's stock price progress as the market awaits a resolution. What Archer's Institutional Filings Reveal While daily stock prices can be volatile, looking at who owns a company can offer a different perspective. Reports from large institutional investors (like pension funds and investment firms) about their holdings at the end of the fourth quarter of 2024 continued to be filed with the Securities and Exchange Commission (SEC) during the past few weeks. These filings continue to show that many major institutions were increasing their investments in Archer before the short report surfaced. This kind of activity from large, sophisticated investors often suggests they've done their homework and believe in a company's long-term plans. This implies that they saw fundamental value in Archer leading into 2025. Archer's strong Q1 2025 financial results, reported on May 12, also provide a solid foundation. The company announced an earnings per share (EPS) that beat analyst expectations and confirmed its cash position exceeded $1 billion. This financial health is crucial for a company still developing its core product. Archer's Next Demonstrations Are Critical The most effective way for Archer to answer the short-seller's claims is through clear, verifiable progress. Investor attention is now firmly fixed on the company's ability to deliver on its stated operational targets. Key upcoming milestones include: UAE Deployment: Archer plans to deliver its first piloted Midnight aircraft to the United Arab Emirates this summer (2025). The goal is to start generating revenue there later in the year through its "Launch Edition" program with partners like Abu Dhabi Aviation. Archer plans to deliver its first piloted Midnight aircraft to the United Arab Emirates this summer (2025). The goal is to start generating revenue there later in the year through its "Launch Edition" program with partners like Abu Dhabi Aviation. Manufacturing Goals: The company aims to build up to ten Midnight aircraft at its Georgia facility in 2025. Hitting this target would demonstrate its ability to scale production. The company aims to build up to ten Midnight aircraft at its Georgia facility in 2025. Hitting this target would demonstrate its ability to scale production. FAA Certification: Continued progress towards getting full Type Certification from the Federal Aviation Administration for its Midnight aircraft in the U.S. (targeted for late 2025) remains a top priority. Continued progress towards getting full Type Certification from the Federal Aviation Administration for its Midnight aircraft in the U.S. (targeted for late 2025) remains a top priority. New Initiatives: Updates on the UK cargo eVTOL testing program with Anduril UK could also show operational capability in new areas. The successful execution of these milestones, particularly visible flight demonstrations leading to early commercial operations, would directly counter many of the short-seller's core allegations regarding aircraft readiness and testing progress. As the saying goes, actions speak louder than words. Holding Pattern or Launchpad? Archer's Next Moves Will Tell [content-module:Forecast|NYSE:ACHR] Archer Aviation's stock is in a period of consolidation after the initial impact of the Culper Research report. The market has heard the allegations and the company's defense. Now, it seems to be waiting for Archer to deliver concrete proof of its capabilities through upcoming operational validation. If Archer successfully executes its flight demonstrations, meets its UAE deployment timelines, and continues to progress with manufacturing and certification, the questions raised by the short report will likely become less significant for many investors. For those who believe in Archer's technology and the future of the eVTOL sector, this holding pattern could be an excellent period to accumulate shares before the company's next set of crucial operational catalysts. Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
