Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani " or the " Company ") is pleased to announce that it has received approval from the Botswana Department of Environmental Affairs (" DEA ") for its submitted Scoping and Terms of Reference (" ST o R ") subsequent to the announcements previously made on August 26, 2020 and October 28, 2020.
Approval of an Environmental and Social Impact Assessment (" ESIA ") by the DEA is a 2-stage process, with the approval of the SToR marking the completion of the first stage. The SToR contains a series of preliminary field and desktop assessments and consultations with the local community leadership in Kanye, government departments, NGOs and other relevant stakeholders. The results from the first stage will form the structure of the main report, which will be developed and compiled during the second stage.
The SToR was submitted to the DEA on August 25, 2020. The DEA provided comments on the initial submission in early October. Giyani, working with Botswana-based Loci Environmental (Pty) Ltd (" Loci "), responded to the comments on October 26, 2020.
Loci will work on completing the second stage of the ESIA and we expect to file this with the DEA in Q1 2021.
Robin Birchall, CEO of Giy a n i Metals Corp. commented:
" I am delighted to report that we continue to make steady progress on our ESIA for the K.Hill Project despite the difficulties imposed by the global pandemic. I would like to thank our consultants , Loci , for their hard work as well as the Giyani team in country for ensuring a smooth submission of the SToR. As we have come to expect , the Botswana DEA has been highly efficient and professional to deal with as c ould be expected from Africa's premier FDI jurisdiction . "
Giyani Metals Corp. is a mineral resource company focused on the development of its K.Hill, Lobatse & Otse manganese projects in the Kanye Basin, Botswana, Africa. The Company's flagship K.Hill project is a near-surface deposit currently going through a feasibility study to produce high-purity electrolytic manganese metal and manganese sulphate, both key cathode ingredients for batteries in the expanding EV market.
Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. Website: https://giyanimetals.com/.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
VP, Business Development
Neither 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 press 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 press 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.
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 their 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 licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their 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 their 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 their 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 financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com .