Giyani Gold (TSE:EMM) has released an update.
Giyani Metals Corp. has successfully secured US$5.7 million from the Industrial Development Corporation of South Africa as the first portion of a convertible loan facility totaling US$16 million, aimed at advancing its K.Hill manganese project in Botswana. The funds are part of a strategic move to enhance Giyani’s ability to become a leading global producer of high-purity manganese, with proceeds already being used to commence essential drilling for the project’s feasibility study. The company is also progressing with the construction of a demonstration plant to produce and test battery-grade manganese, expecting to contribute to the project’s overall economic assessment.
For further insights into TSE:EMM stock, check out TipRanks’ Stock Analysis page.
