23 July 2025
Giyani Metals Corp (TSX-V:EMM, OTC:CATPF) announced a private placement which will raise up to C$3 million to advance its flagship K.Hill manganese project in Botswana. The company said the proceeds will be used to fund ongoing workstreams and general working capital.
The offering will consist of up to 50 million units priced at $0.06 each. Each unit includes one share and one-half of a share purchase warrant. Full warrants can be exercised at a price of $0.085 per share for a period of 36 months from the offering’s closing date.
Finder’s fees are expected to include a 6% cash commission and an equivalent number of non-transferable finder’s warrants, subject to regulatory approval.
“We are pleased with the support shown thus far by new and existing investors, which reflects confidence in our long-term strategy to deliver sustainable, low-carbon, high-purity battery-grade manganese products for the EV and ESS industries,” Giyani CEO Charles FitzRoy said in a statement.
Giyani’s demonstration plant is expected to begin producing high-purity manganese sulphate monohydrate (HPMSM) in the third quarter of 2025. The facility will also be used to gather data to inform the design and operational planning of the company’s proposed commercial-scale plant. The results from this phase will be incorporated into Giyani’s Definitive Feasibility Study, which is currently underway and targeted for completion in the first quarter of 2026.
“This financing will provide us with the flexibility and resources needed to capitalise on upcoming growth opportunities, including producing HPMSM from the Demo Plant this quarter, delivering the Definitive Feasibility Study next year, and positioning the company to progress towards project financing,” FitzRoy added.
Q2 Metals Corp (TSX-V:QTWO, OTCQB:QUEXF) is preparing its first exploration target for the Cisco lithium project in Quebec. The Vancouver, BC-based company is estimating there could be between 215 and 329 million tonnes of rock containing 1% to 1.38% lithium oxide (Li₂O) at the target. The target area encompasses the project’s main mineralised zone, based on previous drilling totalling 16,0000 metres.
“This exploration target represents a major milestone for Q2 and cements Cisco as a globally significant hard rock lithium discovery,” Alicia Milne, Q2 Metals CEO said in a statement.
The Cisco Project covers 801 claims, or 41,253 hectares, with the main area of mineral deposits located just 6.5 km from the Billy Diamond Highway, which runs through the property.
“Cisco’s location within the James Bay Lithium District, including proximity to the all-season Billy Diamond Highway and, most notably, rail at the nearby town of Matagami, make it an ideal candidate for a development scenario,” Milne added.
Vice president of exploration Neil McCallum said the target was constrained to the currently defined mineralised zone and did not include several promising outcrops and targets outside the area, suggesting room for significant expansion.
“The Mineralised Zone remains open at depth and along strike, and with only 40 holes drilled so far, there is potential for significant expansion,” McCallum told investors.
Q2 is continuing its 2025 summer drilling programme, focused on infill drilling to support a future inferred mineral resource estimate.
Source: https://encr.pw/QrpCv
