Giyani Metals (TSXV: EMM) has secured a US$16 million financing from the Industrial Development Corp. of South Africa (IDC) to fund the development of its K.Hill manganese project in Botswana.
The IDC financing is the cornerstone of a US$26-million funding package that will be used over the next 15 months to progress K.Hill towards a final investment decision, including an optimized feasibility study and operating the company’s demonstration plant for producing battery-grade manganese.
The IDC is a major South African development financing institution with over 80 years of experience investing in industrial companies and the mining sector. It typically invests over US$1 billion each year in mining and infrastructure related projects.
Source: The Northern Miner
Read more: https://www.northernminer.com/news/giyani-secures-us16m-for-botswana-manganese-project/1003861473/
