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Giyani receives LoI from Exim for potential $225m financing
Giyani Metals Corp, the developer of the K.Hill battery-grade manganese project, in Botswana, has received a nonbinding letter of interest (LoI) from the US government's export credit agency the Export-Import Bank of the US (Exim) for up to $225-million in financing to support the construction of the project. This follows several months of engagement between TSX-V-listed Giyani and Exim and is an initial step in the formal application process for funding under the Supply Chain Resilience Initiative, which aims to reduce US dependence on critical mineral supply chains controlled by China.
Giyani Metals Corp, the developer of the K.Hill battery-grade manganese project, in Botswana, has received a nonbinding letter of interest (LoI) from the US government's export credit agency the Export-Import Bank of the US (Exim) for up to $225-million in financing to support the construction of the project. This follows several months of engagement between TSX-V-listed Giyani and Exim and is an initial step in the formal application process for funding under the Supply Chain Resilience Initiative, which aims to reduce US dependence on critical mineral supply chains controlled by China.
