Giyani Metals Corp. January 9, 2020 (TSXV:EMM) (FRANKFURT:KT9)
(WKN:A2DUU8) (“
Giyani” or the
“
Company”) announces the selection of Botswana
based Loci Environmental Management and Consulting
(“
Loci”) to conduct the environmental and social
impact assessment (“
ESIA”) for its K.Hill
manganese deposit in Botswana.
A tendering process began in November 2019 with
three service providers invited to bid and was concluded in
December 2019. Loci was the winning bidder as it was able to submit
a comprehensive proposal that satisfied all the requirements set
forth in the Company’s request for proposal
(“RFP”) at a competitive price.
Giyani will now move to the contracting phase
which will be completed in the next few weeks.
Robin Birchall, CEO of Giyani commented:
“The relationship between Giyani and Loci is not
new. We have been working closely with Loci, for the past year, on
the environmental management plans (“EMP”) for our three manganese
deposits in Botswana: K.Hill, Otse and Lobatse. Loci is an
established consulting firm in Botswana with deep knowledge of the
local environment in the country as well as the requirements and
the process at the Department of Environmental Affairs (“DEA”).
Our experience with Loci thus far has been
nothing but positive. We are confident the Loci team have the right
expertise to deliver a comprehensive ESIA for our K.Hill deposit
which, along with the feasibility study which has recently
commenced, will advance K.Hill towards production and provide the
platform for Giyani to become a leading producer of battery grade
manganese for the electric vehicle market.
Giyani places great importance on the Company’s
relationships with our local communities where we operate as well
as with the Government of Botswana and all other
stakeholders. This ESIA will help further deepen those
relationships and show the benefits Giyani can deliver for the
people of Botswana.”
Johannes Westra, CEO of Loci commented:
“We are grateful that our proposal was selected
for this exciting opportunity. It is our pleasure to work with a
foreign investor which upholds the highest standards of good
corporate practice such as Giyani. Throughout our previous
dealings, Giyani and its management have proven to be very
professional and we are confident that we will continue to work
together in harmony and undertake an ESIA that meets international
standards for the protection of the environment and the
neighbouring communities. We at Loci are particularly encouraged to
be involved with a project of this nature as the manganese mined
will have an important application in the clean energy sector as we
strive to move away from non-renewable fuels.”
Giyani also announces the completion of the EMP
for its Lobatse manganese deposit in Botswana. Giyani submitted the
original Lobatse EMP to the DEA early in 2019 and was subsequently
requested to update it with additional information. The updated EMP
was submitted on November 26, 2019 and will undergo a review
process at the DEA which is expected to be completed in Q1
2020.
About Giyani
Giyani Metals Corp. is a Canadian junior
explorer and developer focused on creating shareholder value by
accelerating the development of its high-grade manganese project in
the Kanye Basin, Botswana, Africa. Additional information and
corporate documents may be found on www.sedar.com and on Giyani
Metals Corp. website: http://giyanimetals.com/.
On behalf of the Board of Directors of Giyani
Metals Corp.
Robin Birchall, CEO
Contact:Giyani Metals CorporationRobin
BirchallCEO, Director+44 7711 313019 rbirchall@giyanimetals.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) 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 press 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 press 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. Specific forward-looking
statements and forward-looking information herein includes
statements regarding the size of and completion of the private
placement and the intended use of the net proceeds from the
financing.
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 licenses 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 financial
statements and related MD&A, all of which are filed on SEDAR at
www.sedar.com.
GIYANI METALS
CORP.1155 North Service
Road West,
Unit 11Oakville,
Ontario L6M
3E3T:
289-291-4032www.giyanimetals.com TSX.v-EMM
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