Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8)
("
Giyani" or the "
Company") is
pleased to announce the appointment of environmental, social and
governance (“
ESG”) consultant, Marion Thomas as
Vice President, (“
VP”) ESG, effective today.
Robin Birchall, CEO of the Company,
commented:
“This appointment strengthens Giyani’s
commitment to our ESG strategy and will help accelerate our ESG
programs and solutions. Marion brings a depth of African experience
in working as a sustainability specialist for leading global
environmental consulting firms, representing clients on
environmental permitting and compliance audits, along with
rehabilitation and specialist studies. Marion will be instrumental
in the completion of the Company’s K.Hill Project environmental and
social impact assessment (“ESIA”). We are very excited by this
addition to our team and look forward to her contribution to the
development of Giyani and our stakeholder engagement
activities.”
VP, ESG Appointment
Marion has over 30 years’ of environmental and
social experience across large-scale, natural resources,
agriculture, and industrial sector projects. She has completed
numerous ESIAs in compliance with international standards (World
Bank, International Finance Corporation Performance Standards and
Equator Principles), environmental and social reviews, audits,
environmental and social management plans, waste and tailings
management plans, site decommissioning and closure plans, and
stakeholder engagement. Mrs. Thomas has worked across Africa, Asia
and Europe, including projects in Botswana.
She is also a qualified engineering geologist by
training, with an MSc in Engineering Geology from the University of
Pretoria, South Africa, an MSc in Geology from the University of
the Free State, South Africa and a BSc (Hons) in Geology Queen Mary
College, University of London. Mrs. Thomas is a Chartered
Environmentalist (CEnv), a Fellow of the Institute of Materials,
Minerals and Mining (FIMMM), a Registered Professional Natural
Scientist (Pri.Sci.Nat.), and a member of the Institute of Waste
Management of South Africa (IWMSA).
Grant of Stock Options
The Company has granted an aggregate of
1,200,000 Options to certain directors, officers and consultants of
the Company in accordance with the Company's current Stock Option
Plan. Each Option is exercisable into one common share (a
"Share") of the Company at a price of CAD0.48 per
Share for a period of five years from the date of grant, being
today. A total of 633,334 Options vest immediately. The remaining
options shall vest as follows:
- 166,666 shall
vest in two equal tranches on September 2, 2022 and September 2,
2023;
- 150,000 options
shall vest fully on February 16, 2022; and
- 250,000 options
shall vest in three equal tranches; 1/3 shall vest on January 26,
2022; 1/3 shall vest on July 26, 2022; and 1/3 shall vest on July
26, 2023.
About Giyani
Giyani is a mineral resource company focused on
becoming one of Africa’s first low-carbon producers of high-purity
electrolytic manganese precursor materials, used by battery
manufacturers for the expanding electric vehicle market, through
the advancement of its manganese assets in the Kanye Basin in
south-eastern Botswana, (the “Kanye Basin
Prospects”) through its wholly-owned Botswana subsidiary
Menzi Battery (Pty) Limited. The Company’s Kanye Basin Prospects
consist of 10 prospecting licenses and include the past producing
Kgwakgwe Hill mine and project, referred to as the K.Hill Project,
the Otse manganese prospect and the Lobatse manganese prospect,
both of which have seen historical mining activities.
The Company is currently undertaking a
feasibility study on the K.Hill Project, following an updated
preliminary assessment report announced on 12 April 2021 with a
post-tax NPV of USD332 million and post-tax IRR of 80%, based on a
development plan to produce around 891,000 tonnes of high-purity
manganese sulphate monohydrate over a 10 year project life.
Additional information and corporate documents
may be found on www.sedar.com and on Giyani Metals Corp. website at
https://giyanimetals.com/.
On behalf of the Board of Directors of Giyani
Metals Corp.
Robin Birchall, CEO
Contact:Robin Birchall CEO, Director+44 7711
313019rbirchall@giyanimetals.com
Judith
WebsterCorporate Secretary and Investor Relations+1 416 453 8818
jwebster@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 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
completion of receipt of TSXV approval for the private placement
and completion of the private placement.
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 (TSXV:EMM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Giyani Metals (TSXV:EMM)
Historical Stock Chart
From Jul 2023 to Jul 2024