Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8)
("
Giyani" or the "
Company"),
developer of the K.Hill Battery-Grade Manganese Project in Botswana
("
K.Hill" or “
the Project”), was
notified on September 27, 2024, that Charles FitzRoy, Chief
Executive Officer of the Company, purchased 86,200 ordinary shares
(“
Ordinary Shares”) at an average price of
CAD$0.091 per Ordinary Share, and Eugene Lee, Chief Financial
Officer of the Company purchased 100,000 Ordinary Shares at an
average price of CAD$0.101 per Ordinary Share.
Following this purchase, Mr FitzRoy holds 86,200
Ordinary Shares, representing approximately 0.03% issued share
capital of the Company, and Mr Lee holds 1,947,266 Ordinary Shares,
representing approximately 0.71% issued share capital of the
Company.
Charles FitzRoy, President and CEO of
the Company, commented:
“I am honored to be Chief Executive of the
Giyani team at an incredibly exciting juncture in the Company’s
trajectory. Over the last two weeks Giyani has received our K.Hill
mining license just nine months after submittal and also announced
significant progress on our Demonstration Plant. This purchase
reflects my confidence that the Company will continue to deliver on
key objectives to become a leading producer of high-purity, low
carbon footprint battery-grade manganese.
Demonstration Plant commissioning in Q4 this
year will accelerate our discussions with potential offtake
partners and place us firmly on the path to delivering a
high-purity, on-spec product suitable for the rapidly growing EV
market.
I look forward to continuing to work with the
fantastic team here at Giyani to deliver value for shareholders,
and updating the market on our progress in due course.”
Contact:
Charles FitzRoy, President & CEO
cfitzroy@giyanimetals.com
Tel: +1289-291-7632
Neither the TSX Venture Exchange (the "TSXV")
nor its Regulation Services Provider (as that term is defined in
the policies of the TSXV) accepts responsibility for the adequacy
or accuracy of this news release.
The securities described herein have not been
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws,
and accordingly, may not be offered or sold to, or for the account
or benefit of, persons in the United States or "U.S. persons," as
such term is defined in Regulation S promulgated under the U.S.
Securities Act ("U.S. Persons"), except in compliance with the
registration requirements of the U.S. Securities Act and applicable
state securities requirements or pursuant to exemptions therefrom.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Company's securities to,
or for the account of benefit of, persons in the United States or
U.S. Persons.
Forward Looking Information
This news release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. All statements in this news release, other than
statements of historical fact, that address events or developments
that Giyani expects to occur, are "forward-looking statements".
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "does not expect", "plans", "anticipates", "does not
anticipate", "believes", "intends", "estimates", "projects",
"potential", "scheduled", "forecast", "budget" and similar
expressions, or that events or conditions "will", "would", "may",
"could", "should" or "might" occur.
Such statements include without limitation: the
Company the ongoing construction, commissioning and operation of
the Demo Plant, and timing thereof, completion and timing of the
DFS or at all.
All such forward-looking statements are based on
the opinions and estimates of the relevant management as of the
date such statements are made and are subject to certain
assumptions, important risk factors and uncertainties, many of
which are beyond Giyani's ability to control or predict.
Forward-looking statements are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
statements. In the case of Giyani, these facts include anticipated
operations in future periods, planned construction and development
of its properties and facilities, and plans related to its business
and other matters that may occur in the future. This information
relates to analyses and other information that is based on
expectations of future performance and planned work programs.
Forward-looking information is subject to a
variety of known and unknown risks, uncertainties and other factors
which could cause actual events or results to differ from those
expressed or implied by the forward-looking information, including,
without limitation: inherent exploration hazards and risks; risks
related to exploration and development of natural resource
properties; uncertainty in Giyani's ability to obtain funding;
commodity price fluctuations; recent market events and conditions;
risks related to governmental regulations; risks related to
obtaining necessary licences and permits; risks related to Giyani's
business being subject to environmental laws and regulations; risks
related to the Company's mineral properties being subject to prior
unregistered agreements, transfers, or claims and other defects in
title; risks relating to competition from larger companies with
greater financial and technical resources; risks relating to the
inability to meet financial obligations under agreements to which
they are a party; ability to recruit and retain qualified
personnel; and risks related to the Company's directors and
officers becoming associated with other natural resource companies
which may give rise to conflicts of interests. This list is not
exhaustive of the factors that may affect Giyani's forward-looking
information. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in the
forward-looking information or statements.
Giyani's forward-looking information is based on
the reasonable beliefs, expectations and opinions of the Company's
respective management on the date the statements are made, and
Giyani does not assume any obligation to update forward looking
information if circumstances or management's beliefs, expectations
or opinions change, except as required by law. For the reasons set
forth above, investors should not place undue reliance on
forward-looking information. For a complete discussion with respect
to Giyani and risks associated with forward-looking information and
forward-looking statements, please refer to Giyani's continuous
disclosure documents which are filed on SEDAR+ at
www.sedarplus.ca.
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