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 construction of the
K.Hill demonstration plant (“
Demo Plant”) in
Johannesburg.
Highlights
- Key
plant components continue to be delivered to the Demo Plant site,
including the ball mill, classification screens, filter presses,
boiler, compressors and vessels.
- The
fully fabricated 15 meter (“m”) tall
crystallization unit is due for installation in the coming
weeks.
- The
Company recently hosted a site visit by several financial
institutions to the Demo Plant.
Demo Plant Update
Throughout May, several key elements of the Demo
Plant were delivered to the site, including the ball mill,
classification screens, four specialist filter presses, the product
dryer and the boiler. Civil works at the Demo Plant facility are
near completion to allow delivery and erection of the
crystallization unit, which is fully fabricated and packed for
transport along with all its ancillary equipment. As the
crystallizer is a modular design, most of the internal equipment
such as the vessels, piping and valves are integral to the
structural units, facilitating rapid reassembly on
site.
The crystallization unit stands at over 15 m
tall and will allow the Demo Plant to produce up to 600 kg of
dry high-purity manganese sulphate monohydrate
(“HPMSM”) crystals per day depending on feedstock
characteristics. The scale of crystallization unit is a critical
element of the Demo Plant design, which is tailored to produce
HPMSM crystals meeting the rigorous product specification set by
potential customers, as part of steady state operations.
Recently, the Company and its specialist
hydrometallurgical consultants, MET63 (Pty) Limited, hosted a
select group of financial institutions at the Demo Plant site to
review progress.
Danny Keating, CEO of the Company,
commented:
“We are pleased to provide an update on the
ongoing progress that the Company is making in the development of
our Demo Plant in Johannesburg. The Demo Plant is an ambitious
undertaking in terms of the size and scale of the facility and is a
critical step in de-risking the commercial & technical
development of the Project. The product from the Demo Plant will
also pave the way for off-take contracts with battery and original
equipment manufacturers.
We were also delighted to welcome a group of
financial institutions to the site in Johannesburg and highlight
the significance of the work to date.”
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 & Chief Executive
Officer
Contact:Danny KeatingPresident
& Chief Executive Officerdkeating@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, or a similar public health threat 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, which is filed on SEDAR at www.sedar.com.
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