Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8)
("
Giyani" or the "
Company"),
developer of the K.Hill battery-grade manganese project in Botswana
("
K.Hill" or the "
Project") is
pleased to announce that it has received the Environmental
Authorisation (“
EA”) for K.Hill. This enabled the
Company to finalise the Mining Licence application for the Project,
which was submitted to the Department of Mines before 2023
year-end.
Highlights:
- The
Company completed the Environmental Impact Assessment (“EIA”)
process in accordance with the Environmental Assessment Act of
2011, the Environmental Assessment Regulations of 2012 and the
International Finance Corporation Performance Standards on
Environmental and Social Sustainability of 2012.
- The EIA
process culminated in the submittal of a comprehensive
Environmental Impact Statement (“EIS”) to the Botswana Department
of Environmental Affairs (“DEA”) in March 2023. Following detailed
review and public consultation, the DEA approved the EIA and issued
the EA with a validity period of 25 years, subject to renewal
thereafter.
- Receipt
of the EA, together with the required Land Board surface rights
approvals and other technical studies, enabled the Company to
complete the Mining Licence application process for K.Hill. The
Mining Licence application was submitted to the Department of Mines
in late December 2023.
- The
proposed Mining Licence area is sufficient to accommodate K. Hill’s
requirements over the extended 57-year life of operations as
defined in the Preliminary Economic Assessment prepared in July
2023.
Danny Keating,
President and CEO of the Company, commented:
"Securing environmental approvals for mining
projects can often take a number of years, so achieving this major
milestone in such a short period of time is testament to the
diligent approach adopted by the Giyani E&S team and the
efficient and rigorous review undertaken by the DEA. Our experience
to date validates Botswana’s global ranking as a top mining
investment jurisdiction.
Giyani’s pre-emptive decision to commit to the
IFC Performance Standards, in addition to the high requirements of
Botswana legislation, as part of this process not only aligns with
our values as a company but ensures all workstreams and activities
align with international lenders’ requirements for construction
financing.
We will continue to work closely with the
Department of Mines with the aim of being granted the Mining
Licence in the first half of 2024.”
About Giyani
Giyani's mission is to become a sustainable,
low-carbon producer of battery materials for the electric vehicle
("EV") industry. The Company has developed a
hydrometallurgical process to produce high-purity manganese
sulphate monohydrate, a lithium-ion battery cathode precursor
material critical for EVs, directly from ore from its manganese
oxide deposits in Botswana.
Additional information and corporate documents
may be found on www.sedarplus.com and on Giyani Metals Corp.
website at https://giyanimetals.com/.
On behalf of the Board of Directors of Giyani
Metals Corp.
Danny Keating, President and CEO
Contact:
Danny KeatingPresident
& Chief Executive Officer dkeating@giyanimetals.com
Charles FitzRoyHead of
Corporate Development & Strategy+44 758 373
4730cfitzroy@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV")
nor its Regulation Services Provider (as that term is defined in
the policies of the TSXV) accepts responsibility for the adequacy
or accuracy of this news release.
The securities described herein have not been
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws,
and accordingly, may not be offered or sold to, or for the account
or benefit of, persons in the United States or "U.S. persons," as
such term is defined in Regulation S promulgated under the U.S.
Securities Act ("U.S. Persons"), except in compliance with the
registration requirements of the U.S. Securities Act and applicable
state securities requirements or pursuant to exemptions therefrom.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Company's securities to,
or for the account of benefit of, persons in the United States or
U.S. Persons.
Forward-Looking Information
This news release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. All statements in this news release, other than
statements of historical fact, that address events or developments
that Giyani expects to occur, are "forward-looking statements".
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "does not expect", "plans", "anticipates", "does not
anticipate", "believes", "intends", "estimates", "projects",
"potential", "scheduled", "forecast", "budget" and similar
expressions, or that events or conditions "will", "would", "may",
"could", "should" or "might" occur.
All such forward-looking statements are based on
the opinions and estimates of the relevant management as of the
date such statements are made and are subject to certain
assumptions, important risk factors and uncertainties, many of
which are beyond Giyani's ability to control or predict.
Forward-looking statements are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
statements. In the case of Giyani, these facts include their
anticipated operations in future periods, planned exploration and
development of its properties, and plans related to its business
and other matters that may occur in the future. This information
relates to analyses and other information that is based on
expectations of future performance and planned work programs.
Forward-looking information is subject to a
variety of known and unknown risks, uncertainties and other factors
which could cause actual events or results to differ from those
expressed or implied by the forward-looking information, including,
without limitation: inherent exploration hazards and risks; risks
related to exploration and development of natural resource
properties; uncertainty in Giyani's ability to obtain funding;
commodity price fluctuations; recent market events and conditions;
risks related to the uncertainty of mineral resource calculations
and the inclusion of Inferred Mineral Resources in economic
estimation; risks related to governmental regulations; risks
related to obtaining necessary licences and permits; risks related
to their business being subject to environmental laws and
regulations; risks related to their mineral properties being
subject to prior unregistered agreements, transfers, or claims and
other defects in title; risks relating to competition from larger
companies with greater financial and technical resources; risks
relating to the inability to meet financial obligations under
agreements to which they are a party; ability to recruit and retain
qualified personnel; and risks related to their directors and
officers becoming associated with other natural resource companies
which may give rise to conflicts of interests. This list is not
exhaustive of the factors that may affect Giyani's forward-looking
information. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in the
forward-looking information or statements.
Giyani's forward-looking information is based on
the reasonable beliefs, expectations and opinions of their
respective management on the date the statements are made, and
Giyani does not assume any obligation to update forward looking
information if circumstances or management's beliefs, expectations
or opinions change, except as required by law. For the reasons set
forth above, investors should not place undue reliance on
forward-looking information. For a complete discussion with respect
to Giyani and risks associated with forward-looking information and
forward-looking statements, please refer to Giyani's Annual
Information Form, all of which are filed on SEDAR+ at
www.sedarplus.com.
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