Giyani Announces Senior Leadership Change
Giyani Announces Senior Leadership Change
TORONTO, Ontario, September 12, 2024 – Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani"
or the "Company"), developer of the K.Hill battery-grade manganese project in Botswana ("the Project"
or "K.Hill"), announces that effective September 12 , 2024, Charles FitzRoy has been appointed as
Chief Executive Officer and President, replacing Danny Keating who is leaving the Company to pursue
other opportunities.
Charles FitzRoy was appointed Head of Corporate Development & Strategy at Giyani in October 2023
where has been directly managing all OEM and off-taker relationships, which he first developed from
his experience in the lithium sector. He is an experienced mining executive having previously been CEO
of the lithium explorer/developer Bradda Head Lithium, which Charles took public on AIM and
subsequently listed on the OTCQB and the TSX-V. During his tenure at Bradda Head , he led
successful raises on the equity markets in Canada and the UK and also raised funds through the sale
of a royalty. Charles brings a wide range of experience across the metals and mining sector having held
positions at CMOC, Citi, BlackRock and Arden Partners. He holds degrees in Geology (BSc Hons) and
Metals & Energy Finance (MSc) and is a fellow of the Geological Society and a professional member
of MIMMM. Charlie also brings additional management experience from his five years of service in the
British Military.
Mark Burnett, interim non-executive chairman of the board of directors, commented:
"We are very excited to appoint Charles as CEO at an important time for the Company. Since he joined
the Company last year, the Board has been impressed with his strategic decision making and vision for
the Company. He assumes the role as CEO with Giyani on a strong footing going forward, as we're on
track to deliver the Demonstration Plant in Q4 this year and are progressing the DFS concurrently, for
project financing in 2025."
Mr. FitzRoy commented:
"This is a very exciting time for Giyani as we look to finalize the delivery of the Demonstration Plant in
Q4 and begin narrowing our focus towards commencing negotiating potential off-take agreements with
key partners this year. There is much work to be done but we believe we have the right team to continue
to advance the Company and K.Hill towards being a dominant producer of battery grade manganese in
Africa. I look forward to working with the team on the ground in Botswana to progress the project towards
the next phase."
About Giyani
Giyani is focussed on becoming the dominant western-world producer of sustainable, low carbon high
purity battery grade manganese for the electric vehicle ("EV") industry. The Company has developed a
proprietary hydrometallurgical process to produce battery grade manganese (HPMSM), a lithium-ion
battery cathode precursor material critical for EVs.
The Company has secured US$26m in financing from two strategic partners, ARCH Sustainable
Resources Fund LP 1 and the Industrial Development Corporation of South Africa 2, as it aims to
1 See press releases of the Company dated January 24, 2024 and February 21, 2024 for more information.
2 See press releases of the Company dated November 30, 2023 and April 24, 2024 for more information.
progress the K.Hill battery -grade manganese project in Botswana to construction by building and
operating the Demonstration Plant and completing a Definitive Feasibility Study by H1 2025.
Additional information and corporate documents may be found on www.sedarplus.ca and on Giyani
Metals Corp. website at https://giyanimetals.com/.
On behalf of the Board of Directors of Giyani Metals Corp.
Mark Burnett, Non-Executive Chair
Contact:
Charles FitzRoy
Chief Executive Officer
+1 (289) 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, installation of additional Process Modules, design and finalization of the lab, 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 exploration and development of its properties, 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 the uncertainty of Mineral Resource calculations and the inclusion of Inferred Mineral
Resources in economic estimation; 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.