TORONTO, ON / ACCESS Newswire / July 10, 2026 / Giyani Metals Corp. (TSXV:EMM)(GR:A2DUU8) ("Giyani" or the "Company"), is pleased to announce the filing of the National Instrument 43-101 Technical Report supporting the Feasibility Study ("DFS") for its 100%-owned K.Hill Battery-Grade Manganese Project ("K.Hill" or the "Project"), located in the Kanye Basin, Botswana.
Filing of the DFS for K.Hill
Following the initial announcement of the DFS on May 28, 2026, which showed strong economic returns with a post-tax net present value ("NPV"), at an 8% discount rate, of US$482 million and a post-tax internal rate of return ("IRR") of 20.3%, the full DFS technical report, prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has been filed under the Company's profile on SEDAR+ at www.sedarplus.ca and is available for download on the Company's newly resigned website at https://giyanimetals.com/.
The results of the DFS disclosed in this news release are unchanged from those announced by the Company on May 28, 2026 and readers should review the full DFS for a complete description of the assumptions, qualifications, methodologies and risk factors underlying the DFS.
All financial figures are stated in real US$ (constant January 1, 2026, money). NPV is discounted at 8% real to Project start date of April 1, 2027.
Nigel Robinson, Interim Executive Chair of the Company, commented:
"The successful completion and filing of the DFS marks the completion of an important phase of project evaluation and positions the Company to advance to the next stages of project development. As demand for battery materials continues to grow, driven by the global shift toward electrification and renewable energy, Management believes that manganese may become increasingly important as next-generation battery chemistries continue to develop. We believe K.Hill is well positioned to contribute meaningfully to this evolving supply chain.
The DFS confirmed the strong economic potential of the Project, delivering a post-tax NPV of US$482 million and an IRR of 20.3%. These results reinforce our confidence in K.Hill's ability to support the growing global demand for battery-grade manganese. The Giyani team has identified potential opportunities to further optimize the Project which, if realized, may further enhance project economics.
We were also pleased to launch our new corporate website, providing stakeholders with improved access to information about our business, projects, and strategic progress.