Gaborone, Botswana – Giyani Metals Secures $16 Million from IDC for Manganese Project in Botswana

Gaborone, Botswana – Giyani Metals Corp. (TSXV: EMM) has obtained a $16 million funding package from the Industrial Development Corporation of South Africa (IDC) for its K.Hill battery-grade manganese project in Botswana.

According to Africa News Agency, the IDC’s investment forms a crucial part of a larger $26 million funding plan. This funding will be utilized over the next 15 months to propel the K.Hill project towards a Final Investment Decision (FID). The plan includes conducting an optimized feasibility study and operating a demonstration plant to produce battery-grade manganese. The IDC, a prominent development finance institution in South Africa with over 80 years of history, is known for its annual investments exceeding $1 billion in various mining and infrastructure projects.