Giyani Metals receives EXIM Letter of Interest for $225m

Giyani Metals Corp (TSX-V:EMM, OTC:CATPF) CEO Charles FitzRoy talked with Proactive's Stephen Gunnion about the company’s progress in securing financing and advancing its manganese operations.

The company has received a letter of interest from the Export–Import Bank (EXIM) of the United States for a potential loan of up to $225 million over 15 years. FitzRoy explained, “This is a very positive step forward for Giyani.”

He emphasized that while the offer remains subject to due diligence and the completion of its definitive feasibility study (DFS), the long-term nature of the loan could significantly lower annual payments.

Giyani is actively pursuing offtake agreements, especially with US companies. FitzRoy confirmed that sample oxide products have already been shipped to potential offtakers, with High-Purity Manganese Sulphate Monohydrate (HPMSM) production scheduled for Q3 this year. He noted, “There is a big shift in the US towards higher manganese content,” referencing breakthroughs by major US automakers such as Ford and GM.

The DFS remains on track for completion in Q1 2026, following adjustments informed by the company’s demonstration plant operations in Johannesburg. FitzRoy described the demonstration plant as “the largest of its kind outside of China for battery manganese,” which has provided valuable insights for the DFS.

FitzRoy spoke from Botswana, where he attended the Future Minerals Summit in Gaborone. He highlighted strong government and local support for Giyani's fully integrated mine-to-market beneficiation model, with all production processes remaining within Botswana.

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