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Giyani Metals Corp.
CATPFBasic MaterialsOTCCA
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Giyani Metals Corp (TSX-V:EMM, OTC:CATPF, FRA:KT9) has released a definitive feasibility study for its K.Hill Battery-Grade Manganese Project in Botswana, which outlined a projected post-tax net present value of $481.5 million and an internal rate of return of 20.3%. The study covers the company's 100%-owned K.Hill project in the Kanye Basin and supports the declaration of mineral reserves for the planned open-pit mine and hydrometallurgical processing facility.
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Giyani Metals Corp (TSX-V:EMM, OTC:CATPF, FRA:KT9) said its high-purity manganese oxide has passed interim Phase 2 testing by US battery technology company C4V, advancing the company's K.Hill manganese project in Botswana. C4V assembled multiple single-layer pouch cells using manganese oxide produced at Giyani's demonstration plant in Johannesburg, South Africa.
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Giyani Metals Corp (TSX-V:EMM, OTC:CATPF, FRA:KT9) has announced amendments to its existing convertible loan facility with the Industrial Development Corporation of South Africa (IDC), including an additional ZAR29.9 million in funding for its subsidiary, Giyani Metals South Africa. The funds were drawn on March 9 and received on March 12, increasing the total loan facility to ZAR264.3 million and the combined IDC facilities to ZAR329.9 million.
