Giyani Metals secures additional funding to further develop Botswana manganese project

Giyani Metals Corp (TSX-V:EMM, OTC:CATPF) is making significant strides in addressing the growing demand for high-purity manganese for electric vehicle (EV) batteries with its flagship K.Hill project in Botswana. The company is currently in the process of constructing a demonstration plant in Johannesburg, South Africa, which will play a crucial role in establishing the credibility of its product and securing off-take agreements with customers.

Giyani Metals has recently drawn down the first $5.7 million of a $16 million convertible loan facility secured with South Africa’s Industrial Development Corporation to support the advancement of the K.Hill project. CEO Danny Keating highlighted the company’s strategy of becoming a leading manganese supplier outside of China, which currently dominates global production of this critical mineral.

The company’s focus on producing highly specialized, high-purity manganese for EV batteries distinguishes it from traditional steel industry suppliers. With the construction of the demonstration plant underway, Giyani Metals aims to showcase its ability to produce the product on a continuous basis and at a scale that will be meaningful in the market.

Keating emphasized the importance of securing off-take agreements with potential customers, noting the increasing demand for non-Chinese sources of critical metals in EV components. Giyani Metals is well-positioned to capitalize on this trend, with plans to commence infill drilling at the K.Hill project and target a definitive feasibility study by 2025.

Investors can expect significant news flow in the short to medium-term, including updates on the construction of the demonstration plant, progress in securing off-take agreements, and advancements in permitting and licensing for the K.Hill project. Giyani Metals is poised for growth in the rapidly expanding EV battery market, offering investors a unique opportunity to participate in the development of non-Chinese sources of high-purity manganese.