Globe Metals & Mining Says Kanyika Community Legal Proceedings Formally Withdrawn

MT Newswires Live

3小时前

Globe Metals & Mining (ASX:GBE) said long-running legal proceedings brought by members of the Kanyika community against Globe Metals & Mining (Africa) and the Attorney General of Malawi have been formally withdrawn and discontinued by the claimants, according to a Monday Australian bourse filing.

The withdrawal brings to an end a historical legal claim disclosed as a contingent liability of between AU$603,000 and AU$690,000 in the company's 2025 annual report, the filing added.

Interim Chief Executive and Chief Financial Officer Charles Altshuler said the resolution brings a longstanding legal matter to an end and provides "greater certainty" for the project to continue progressing towards development.

The company's shares fell 2% on market close.

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