Blockchain Registration Transaction Record

Giyani Metals Advances with Key Financing for Botswana Manganese Project Targeting the EV Industry

Giyani Metals Corp CEO Danny Keating announces key financing for Botswana manganese project targeting the EV industry. The company secures $16 million convertible loan facility from South Africa's Industrial Development Corporation and outlines strategic plans for the future.

The development of high-purity manganese for electric vehicle batteries is crucial in diversifying the supply chain and reducing reliance on Chinese production. Giyani Metals' strategic advancements in the EV battery component market, along with legislative shifts such as the US Inflation Reduction Act, will have a significant impact on the industry and contribute to the establishment of Western production capabilities.