Globe Metals & Mining Limited provided an update to the process for the grant of the mining licence for the Kanyika Niobium Project. The Company is seeking clarification on the timing for the grant of the mining licence from the Malawi Ministry of Mines. The grant of a mining licence is a procedural requirement of Malawi's Mines and Minerals Act, 2018 (Mines Act) which became effective on 1 September 2019, where: Pursuant to section 50(5) of the Mines Act, the Minister, having been informed by the Mineral Resources Committee that it has approved an application for a mining licence, shall within forty-five (45) calendar days, grant the licence. Further, pursuant to section 54(2), the Registrar having received a licence that is granted, from the Minister or the Commissioner pursuant to section 50, shall not later than five (5) working days inform the applicant of the place where the licence can be issued, or if it is to be issued electronically, how it can be accessed; and inform the applicant the amount of annual ground rent that is payable (and paid) before the licence can be issued. On 3 June 2021, Globe received formal notification from the Principal Secretary of Mining that the Malawi Government's Mineral Resources Committee had reviewed Globe's mining licence application for the Kanyika Niobium Project (AML0026) and recommended the grant of a Mining Licence. Based upon that notice, it is Globe's interpretation that the 45 calendar days fell on 18 July 2021, and therefore the Minister had 19 July 2021 as the last day to grant the licence. Working forward, the Registrar then had five working days to close of business in Malawi by 5pm on 26 July 2021 to notify Globe. As of close of business in Malawi on 26 July 2021, Globe has not received any notification from the Registrar.