Giyani Metals Announces $3M Private Placement to Fund Battery-Grade Manganese Growth Ahead of Q3 Production
TSX Venture-listed Giyani Metals Corp. has announced a non-brokered private placement of up to 50 million units at a price of C$0.06 per unit, aiming to raise up to C$3 million in gross proceeds.
The capital will support the company’s workstreams, development activities, and general working capital needs as it advances battery-grade manganese projects in Botswana.
Each unit will consist of one common share and one-half of a common share purchase warrant. Every whole warrant entitles the holder to acquire one additional common share at a price of C$0.085 for a period of 36 months from the offering’s closing date.
In connection with the offering, Giyani may pay eligible finders a cash commission equal to 6% of the gross proceeds raised from investors introduced by them.
In addition, finders may receive non-transferable warrants equal to 6% of the total units issued through their introductions.
All securities issued under the offering will be subject to a four-month-plus-one-day statutory hold period.
The offering remains subject to customary conditions, including the receipt of all necessary regulatory approvals, such as TSX Venture Exchange approval.
The proceeds will help Giyani advance several strategic initiatives at its K.Hill manganese project in Botswana.
The company is on track to begin producing high-purity manganese sulphate monohydrate (HPMSM) at its demonstration plant in the third quarter of 2025.
The definitive feasibility study (DFS) for the project remains scheduled for completion in the first quarter of 2026.
“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 manganese products for the electric vehicle and energy storage industries,” said Charles FitzRoy, CEO and President of Giyani Metals.
He added that the capital raised would give Giyani the flexibility to seize growth opportunities, including HPMSM production, DFS delivery, and project financing preparation.
Board members and senior management are also expected to participate in the offering, further demonstrating internal confidence in the company’s direction.
Giyani confirmed that the ramp-up phase at the demonstration plant is progressing steadily. The plant’s output will play a critical role in refining process designs, optimizing operating costs, and lowering the carbon footprint of the future commercial-scale facility.
These insights will feed directly into the DFS, supporting a more efficient and sustainable project plan.
“The demonstration plant will provide invaluable data for finalising our engineering and process flowsheet, ensuring our commercial plant is competitive and environmentally responsible,” the company stated.
Giyani anticipates a sharp increase in demand for battery-grade manganese products, particularly HPMSM and high-purity manganese oxide (HPMO), driven by the evolution of battery technologies.
New chemistries emerging from 2028 onward are expected to require significantly more manganese due to its stabilising properties and cost advantages.
The company notes that this shift is primarily driven by the growing adoption of electric vehicles (EVs) and energy storage systems, both of which increasingly favour battery designs with higher manganese content for enhanced performance and safety.
“Giyani is uniquely positioned to capitalise on this market evolution,” the company said. “With projects in a mining-friendly jurisdiction and a clear development roadmap, we are aligning our timelines to meet the expected surge in global demand for HPMSM and HPMO.”
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