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Cision Canada
22-07-2025
- Business
- Cision Canada
Giyani Announces Non-Brokered Private Placement
, July 22, 2025 /CNW/ - Giyani Metals Corp. (TSXV: EMM) (GR: A2DUU8) (" Giyani" or the " Company"), developer of the battery-grade manganese project in Botswana (" or " the Project"), announces a non-brokered private placement of up to 50,000,000 units (each, a " Unit") at a price of $0.06 per Unit to raise aggregate gross proceeds of up to C$3 million (the " Offering"). Each Unit will be comprised of one common share in the capital of the Company (each, a " Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant") of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.085 per Common Share for a period of 36 months from the closing date of the Offering. The Company expects to pay finder's fees in connection with the Offering to certain eligible finders in the form of: (i) a cash commission of 6.0% of the gross proceeds raised under the Offering from investors introduced to the Company by the finder; and (ii) the issuance of such number of non-transferable common share purchase warrants of the Company (the " Finder's Warrants") equal to 6.0% of the Units issued under the Offering from investors introduced to the Company by the finder. All securities issued or made issuable pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance under applicable Canadian securities laws in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Highlights Non-brokered private placement of up to 50,000,000 Units at a price of $0.06 per Unit for aggregate gross proceeds of up to C$3 million. The proceeds of the Offering will continue to support Company workstreams, activities and general working capital. The Issue Price represents a 20% discount to the most recent closing price of the Common Shares. The Company is in ongoing discussions with offtakers for battery-grade manganese products, including high-purity manganese oxide (" HPMO") and high-purity manganese sulphate monohydrate (" HPMSM"). The Demo Plant is currently on track to produce HPMSM in Q3 2025. The Definitive Feasibility Study remains on track for completion in Q1 2026. Members of the board and senior management are expected to participate in the Offering. As a result of the expected participation in the Offering by certain directors and officers of the Company, the Offering is expected to be a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offering by such directors and officers is not expected to exceed 25% of the fair market value of the Company's market capitalization. Charles FitzRoy, President and CEO of the Company, commented: " We are pleased with the support shown thus far by new and existing investors, which reflects confidence in our long-term strategy to deliver sustainable, low-carbon high-purity battery grade manganese products for the EV and ESS industries. This financing will provide us with the flexibility and resources needed to capitalize on upcoming growth opportunities, including producing HPMSM from the Demo Plant this quarter, delivering the Definitive Feasibility Study next year, and positioning the Company to progress towards Project Financing." Demo Plant Commissioning and Production Update The production ramp-up phase (C5 Commissioning) continues to advance, and the team continues to work progressively towards first production of HPMSM in Q3 2025. The learnings from the Demo Plant will support further optimization of the anticipated design and engineering, and process flowsheet, which aims to reduce the Commercial Plant's operating cost and carbon profile. The inputs from the Demo Plant operations will be used in the Definitive Feasibility Study, which is currently underway and expected to be completed in Q1 2026. Manganese Market The demand for manganese is set to rise significantly, driven by advancements in battery technologies that increasingly favour higher manganese content owing to its stabilising properties. From 2028 onwards, new battery chemistries being developed will require greater quantities of high-purity manganese sulphate monohydrate (HPMSM) and high-purity manganese oxide (HPMO) as critical inputs. 1 This shift in demand is largely attributed to the growing adoption of electric vehicles and energy storage solutions, both of which rely on next-generation batteries with enhanced performance and safety profiles. Giyani is uniquely positioned to capitalize on this market evolution. The Company benefits from assets located in a supportive jurisdiction, enabling it to align its project timelines with the anticipated surge in demand for HPMSM and HPMO. Qualified Persons / NI 43-101 Disclosures A National Instrument 43-101 (" NI 43-101") technical report including results of the PEA and the MRE can be found on SEDAR+ at and made available on the Company's website at Jeffrey Peter Stevens BSc (Chem Eng) Pr. Eng is a Qualified Person, as defined by NI 43-101. Mr. Stevens is assisting the Company for DFS compliance with NI 43-101 and has reviewed and approved the scientific and technical content contained in this news release and is independent of the issuer for the purposes of NI 43-101. About Giyani Giyani is focused on becoming a preferred western-world producer of sustainable, low carbon high purity battery grade manganese for the EV and ESS industry. The Company has developed a proprietary hydrometallurgical process to produce battery-grade manganese (HPMSM and HPMO), a lithium-ion battery cathode precursor material critical for EVs and ESS. Additional information and corporate documents may be found on Giyani Metals Corp. website at On behalf of the Board of Directors of Giyani Metals Corp. Charles FitzRoy, President and CEO This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. 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. 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 the Company's anticipated use of proceeds and the use of the net proceeds following closing of the Offering and statements respecting closing of the Offering and receipt of all regulatory approvals in respect of the Offering, including approval of the TSXV, as well as anticipated operations in future periods, planned construction and development of its properties and facilities, 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 governmental regulations; risks related to obtaining necessary licences and permits; risks related to Giyani's business being subject to environmental laws and regulations; risks related to the Company's 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 the Company's 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 the Company's 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 continuous disclosure documents which are filed on SEDAR+ at
Yahoo
20-06-2025
- Business
- Yahoo
Euro Manganese signs offtake term sheet with Integrals Power
Euro Manganese has signed an offtake term sheet with UK-based Integrals Power to supply high-purity manganese sulphate for next-generation lithium manganese iron phosphate (LMFP) batteries from the company's Chvaletice Manganese Project in the Czech Republic. The collaboration aims to strengthen the LMFP battery supply chain, crucial for electric vehicles and grid-scale storage. The offtake term sheet outlines a seven-year supply agreement from the first commercial production of Euro Manganese's Chvaletice Manganese Project, with options for renewal. The pricing will reflect market indicators and include a cost-sharing arrangement for the initial test work. Euro Manganese CEO Martina Blahova said: 'We are excited to partner with Integrals Power to advance new battery technologies. 'IPL's innovative cathode materials are at the forefront of the global transition towards safer, more sustainable and cost-effective battery solutions and are designed to support a wide range of applications. We look forward to supplying fully traceable, responsibly produced products that enhance energy efficiency and drive emissions reduction." Integrals Power, a company specialising in innovative battery nanomaterials, is set to incorporate Euro Manganese's High Purity Manganese Sulphate Monohydrate (HPMSM) into its LMFP cathode materials. The initial test work to assess compatibility and performance is scheduled for the third quarter of 2025 (Q3 2025). Integrals Power CEO Behnam Hormozi said: 'Our collaboration with Euro Manganese is a major step forward in securing a reliable, traceable and local supply of high-purity manganese – a key ingredient in our LMFP cathode materials. 'This partnership enhances Integrals Power's ability to scale cathode production sustainably while supporting the growing demand for high-performance battery technologies across UK and Europe. It aligns perfectly with our mission to build a resilient, transparent supply chain that underpins the energy transition.' Euro Manganese recently secured a financing package worth $8m (C$10.98m) to develop the Chvaletice Project. The package, approved by shareholders on 15 May 2025, includes a private placement and contributions from a share purchase plan. "Euro Manganese signs offtake term sheet with Integrals Power" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
Element 25 receives $32.5m from NAIF to expand Australian manganese project
Australian miner Element 25 has secured a senior debt finance facility of up to A$50m ($32.5m) from the Northern Australia Infrastructure Facility (NAIF), a Commonwealth Government financier, to expand its 100%-owned Butcherbird manganese project in Western Australia (WA). The finance includes A$42.5m in senior debt and a A$7.5m cost overrun facility. It will boost Butcherbird's production capacity to 1.1 million tonnes per annum of manganese oxide concentrate. The expansion will facilitate the supply of feedstock to Element 25's planned high-purity manganese sulphate monohydrate (HPMSM) processing facility in Louisiana, US, and fulfil concentrate sales to other customers. A feasibility study updated in January 2025 projected the expansion's capital cost at A$64.8m, forecasting a pre-tax net present value of A$561m and a 96% pre-tax internal rate of return. The study anticipates an average annual cash flow of A$70.5m over a mine life exceeding 18 years. The NAIF financing follows a $166m grant from the US Department of Energy for the processing facility construction in Louisiana and $115m from offtake partners General Motors and Stellantis. Element 25 stated that its processing technology for producing HPMSM for lithium-ion batteries leads to low energy consumption and minimal waste. Element 25 managing director Justin Brown said: 'Securing this support from the Federal Government's Northern Australia Infrastructure Facility reaffirms the government's commitment to developing Australia's critical minerals sector and Butcherbird's economic importance to Australia and the Pilbara region of WA. 'Our feasibility studies have confirmed Butcherbird's pedigree as a long-life manganese concentrate production hub from its 274 million tonne resource, which is integral to our plans for HPMSM in the USA as well as potentially other locations around the world. This support from NAIF is critical to our plans to expand Butcherbird to meet this growing demand as the world continues to shift towards electrification and energy transition.' Element 25 has secured all necessary approvals for the Butcherbird expansion, including final statutory approval from the WA Department of Water and Environmental Regulation in March 2025, and other approvals from the WA Department of Energy, Mines, Industry Regulation and Safety in January. Further, Element 25 is finalising the balance of required finance for the project through various financing groups, equity providers and key commercial contracts. The Butcherbird manganese expansion project team is following a detailed execution plan to deliver the project by 2026, stated the company. "Element 25 receives $32.5m from NAIF to expand Australian manganese project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
West Australian
17-06-2025
- Business
- West Australian
The NAIF chequebook with a chequered history whipped out again for a $50m loan to Element 25
The Northern Australia Infrastructure Facility has dusted itself off and found a new WA mining venture to invest in less than four months on from a collapse that could cost taxpayers more than $140 million. NAIF has earmarked a low-interest loan of up to $50m for the expansion of Element 25's Butcherbird manganese mine in the Pilbara. E25 wants more manganese concentrate to feed into its planned high purity manganese sulphate monohydrate (HPMSM) processing facility in the US state of Louisiana. The HPMSM facility secured a $US166m grant funding from the US Department of Energy in September. Shares in E25 were up nearly 13 per cent on news of the NAIF funding. 'Securing this support from the Federal Government's Northern Australia Infrastructure Facility reaffirms the Government's commitment to developing Australia's critical minerals sector and Butcherbird's economic importance to Australia and the Pilbara region of WA,' E25 managing director Justin Brown said. 'Our feasibility studies have confirmed Butcherbird's pedigree as a long-life manganese concentrate production hub from its 274 million tonne resource, which is integral to our plans for HPMSM in the US as well as potentially other locations around the world. 'This support from NAIF is critical to our plans to expand Butcherbird to meet this growing demand as the world continues to shift towards electrification and energy transition.' Mr Brown said rechargeable batteries could use as much as 10 times more manganese if battery chemistry shifts towards lithium manganese rich chemistries. Car manufacturers have shown an interest in such chemistries. NAIF's investment in E25 comes less than four months after local mineral sands miner Strandline Resources fell into administration. The shares of ASX-listed Strandline, which counts the Coburn heavy mineral sands project near Shark Bay as its key asset, were in suspension for more than a year before its collapse. The West Australian revealed in January that the NAIF would likely take a haircut on its debts as Strandline's single biggest financier. Administrators are currently trying to sell the fallen business. NAIF was originally set up to back infrastructure projects in remote regions across WA, Queensland and the Northern Territory, particularly in areas with high Aboriginal populations. But a dearth of those types of projects led NAIF to broaden its scope to include more mining developments, which has caused some notable dramas. Potash producer Kalium Lakes went bankrupt in August 2023 after NAIF had loaned more than $80m. NAIF had also pledged to give $140m to Australia Potash, which like Kalium went under, but this loan did not proceed before the miner collapsed.
Yahoo
17-06-2025
- Automotive
- Yahoo
Australia's Element 25 secures $32.6 million in government debt to build out manganese mine
(Reuters) -Australian manganese producer Element 25 said on Tuesday the Northern Australia Infrastructure Facility (NAIF) has agreed to provide a senior debt facility of up to A$50 million ($32.57 million) for the firm's Western Australia project. Shares of the producer jumped as much as 10.3% to A$0.215 in early trade. The funding comes as manganese is set for growing demand from the electric vehicle industry. General Motors and battery partner LG Energy Solution said last month they are planning to start commercial production of lithium manganese-rich (LMR) battery chemistry at a U.S. facility starting in 2028. GM said the chemistry is lower cost than the nickel-rich cells used today, but will still give customers the range they want in future electric trucks and full-size SUVs. NAIF will provide the funding for the company's Butcherbird Manganese Expansion Project located in the Pilbara region, while Element 25 continues to explore additional funding through other sources including offtake prepayment. The facility will support the miner's plans to expand Butcherbird's production capacity to 1.1 million tonnes per annum of manganese oxide concentrate. This will further enable the project to supply manganese concentrate feedstock for Element 25's planned battery grade, high purity manganese sulphate monohydrate processing (HPMSM) facility, which it plans to build in Louisiana, in the United States. "Our feasibility studies have confirmed Butcherbird's pedigree as a long-life manganese concentrate production hub from its 274 million tonne resource, which is integral to our plans for HPMSM in the USA as well as potentially other locations around the world," said Element 25's managing director Justin Brown. Element 25 is also considering other geographies, including Tokyo, to build processing hubs for the critical mineral that is set for growing demand from the electric vehicle sector, Brown added. The firm said it is also in discussions with a number of potential financiers for the balance of the required project finance. ($1 = 1.5352 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
