TSX-V-listed Giyani Metals Corp has been granted a 50-year special economic zone (SEZ) investor licence for its battery-grade manganese commercial plant site in Botswana.
The licence designates Giyani’s plant, which will be built adjacent to the company’s K.Hill manganese mine, as a single-factory SEZ.
As a holder of the SEZ investor licence, Giyani will benefit from several fiscal and non-fiscal incentives aimed at improving project viability and operational efficiency.
These benefits include reduced tax rates, zero-rated value-added tax on raw materials for export, and operational support from the Botswana government, among others.
“This milestone underscores our commitment to fostering sustainable economic growth in Botswana while establishing Giyani as a key player in the global supply chain for critical battery materials,” said Giyani President and CEO Charles FitzRoy.
FitzRoy also highlighted the significance of the SEZ licence as the company moves closer to achieving its goal of becoming a leading producer of battery-grade manganese.
He noted that the milestone coincides with the company’s demo plant nearing its first production and the anticipation of further advancements in its operations.
