Giyani Metals Corp. (TSXV: EMM, GR: A2DUU8)
("
Giyani" or the "
Company"), the
developer of the K.Hill battery-grade manganese project in Botswana
(“
K.Hill” or the “
Project”), is
pleased to provide a progress update on the K.Hill demonstration
plant (“
Demo Plant”) being constructed in
Johannesburg.
Highlights
- Delivery of 100 tonne
(“t") of sample manganese oxide feedstock from
K.Hill to the Demo Plant site in Johannesburg.
- Completed fabrication of the
crystallization unit, which is now awaiting transportation to the
Demo Plant site.
- Ongoing delivery and installation
of Demo Plant equipment continues at site.
Last month, the Botswana Department of Mines
(“DoM”) approved the shipment of 100t of K.Hill
manganese oxide material to the Demo Plant site to provide
representative feedstock for the processing and production of high
purity manganese sulphate monohydrate (“HPMSM”)
for qualification by potential off-takers. The 100t subsample was
selected from over 200t of material collected from three outcrops
around the K.Hill resource, and this subsample was crushed and
packed into one-tonne bags and delivered to the Demo Plant.
During the operation of the Demo Plant, Giyani’s
specialist hydrometallurgical consultants will select samples of
K.Hill material based on geochemical characteristics to replicate
the variability expected to be encountered during commercial
production. Demonstrating how the Company’s low carbon process can
adapt to the variability of K.Hill material and produce consistent
battery-grade HPMSM will be critical in qualifying the Company’s
product with potential off-takers.
Additionally, the fabrication of the
crystallization unit for the Demo Plant has been completed, and the
unit is shortly expected to be transported to the Demo Plant site,
where the filter presses have already been delivered. The unit, and
all additional components, have been constructed on skids so that
the Demo Plant may later be relocated to Botswana.
Further fabrication and delivery of key
equipment will be completed over the coming months and the Demo
Plant, when built and commissioned, will have the capacity to
produce up to 600kg per day of HPMSM crystals.
Danny Keating, President and CEO of the
Company, commented:“We continue to achieve milestones in
our development of the Demo Plant and securing the requisite
feedstock samples is an important step. This also demonstrates the
strong in-country support for the Project and we are grateful to
the Botswana Department of Mines for allowing us to export such a
large sample of K.Hill material.
The successful development of the Demo Plant and
delivery of samples of our low carbon HPMSM to off-takers will
cement our position as an early mover in the battery-grade
manganese market.”
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, wholly-owned by its Botswana subsidiary
Menzi Battery Metals (Pty) Limited. The Company’s assets include
K.Hill and the Otse and Lobatse manganese prospects, each of which
has seen historical mining activities.
Qualified Persons / NI 43-101 Disclosures
Mr. Jacques du Toit CEng. PrEng. MscEng. PMP is a qualified
person, as defined by National Instrument 43-101. Mr. du Toit is
the Company’s VP, Technical Services and has reviewed and approved
the scientific and technical content contained in this press
release but is not independent for the purposes of NI 43-101.
On behalf of the Board of Directors of Giyani
Metals Corp.
Danny Keating, President and CEO
Contact:
Jonathan Henry Executive Chair+44 7798 801
783jhenry@giyanimetals.com
Danny KeatingPresident & Chief Executive
Officer dkeating@giyanimetals.com
George DonneVP Business Development+44 7866 591
897gdonne@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.
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 in how the world-wide economic and social impact
of COVID-19 is managed; 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.sedar.com.
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