What Giyani Metals does

Giyani Metals Corp. is a Canadian publicly listed developer (TSXV: EMM) of vertically integrated, battery-grade manganese for the electric vehicle (EV) and energy storage system (ESS) markets. The company's core asset is the 100%-owned K.Hill Project in the Kanye Basin of south-eastern Botswana, spanning a 1,900 km² licence area and holding Botswana's first manganese mining licence, environmental authorization, and Special Economic Zone licence. Giyani employs a bespoke hydrometallurgical processing technology that converts manganese ore into High-Purity Manganese Sulphate Monohydrate (HPMSM, ~32% Mn) and High-Purity Manganese Oxide (HPMO) — precursor materials for lithium-ion battery cathodes including NMC, LMFP, and LMNO chemistries. The technology has been validated at a 1:10 engineering-scale Demonstration Plant in Johannesburg, South Africa — the largest known facility of its kind outside China — which successfully produced both HPMO and HPMSM in 2025.

The business model is pre-revenue and based on long-term offtake contracts with Western EV OEMs, battery cell manufacturers, and cathode active material (pCAM) producers. Pricing is expected to reflect a Western premium of US$1,000/t+ over Chinese indices, driven by supply chain de-risking under the US Inflation Reduction Act (IRA) and EU Critical Raw Materials Act (CRMA). Go-to-market is anchored on direct enterprise sales backed by offtaker qualification programs (e.g., Charge CCCV's Digital DNA program). According to the May 2026 Definitive Feasibility Study (DFS), the project targets 1,504 kt of HPMSM and 99 kt of HPMO over a 25-year life, with an initial capex of US$535M, a post-tax NPV(8%) of US$481M, and a post-tax IRR of 20.3%.

Giyani is backed by institutional investors including the Industrial Development Corporation of South Africa (IDC, convertible loans totalling ~US$23M of a ~US$37M package), ARCH Sustainable Resources Fund (~18.14% ownership, US$10M invested), and RAB Capital (5.13%). The company has secured a non-binding letter of interest from the US Export-Import Bank (EXIM) for up to US$225M to support the commercial plant, and has been covered by Beacon Securities, ATB Cormark, and Hannam & Partners. The company's market capitalization was approximately C$30.05M as of June 2026, with 338.8M shares outstanding and 424.3M fully diluted.

Name

Giyani Metals

Legal name

Giyani Metals Corp.

Website

https://giyanimetals.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Giyani Metals Corp. is a Canadian-listed developer of the K.Hill manganese project in Botswana, producing battery-grade HPMSM and HPMO for Western EV OEMs and battery manufacturers to reduce reliance on China's 95%+ control of midstream processing.

Ownership category

akta.pro rank

Product category

Battery-grade manganese production

NAICS

Primary Metal Manufacturing (331)

SIC

Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

akta.pro secondary industries

Manganese Ore Mining & Concentrates (IMAKAFAF), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Battery-grade manganese
• Manganese mining
• Hydrometallurgical processing
• EV cathode precursors
• Energy storage materials

Headquarters

HQ city

Oakville

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. HPMSM Sales: Giyani Metals generates revenue from the sale of High-Purity Manganese Sulphate Monohydrate (HPMSM) produced at its commercial processing facility in Botswana. HPMSM (~32% Manganese) is sold to lithium-ion battery cathode manufacturers (NMC and LMFP producers). The DFS projects total HPMSM production of 1,504 kt over a 25-year project life, generating US$4,856M in revenue (average realized HPMSM price of US$3,220/t, assuming 70% sales to North America and 30% to Europe). This is the primary revenue stream.
2. HPMO Sales: Secondary revenue stream from the sale of High-Purity Manganese Oxide (HPMO), used in next-generation battery chemistries (LMFP/LMNO), specialty ceramics, and as a sustainable HPMSM production pathway. The DFS projects total HPMO production of 99 kt over a 25-year project life, generating US$395M in revenue (average realized HPMO price of US$4,004/t, assuming 70% sales to Europe and 30% to North America).

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Giyani Metals is a vertically integrated developer of battery-grade manganese products for the electric vehicle (EV) and energy storage systems (ESS) industries. The company produces High-Purity Manganese Sulphate Monohydrate (HPMSM, ~32% Mn) and High-Purity Manganese Oxide (HPMO) from manganese ore sourced at its 100%-owned K.Hill flagship project in Botswana, using a bespoke hydrometallurgical processing technology demonstrated at a 1:10 scale demonstration plant in Johannesburg, South Africa.

Product overview

Giyani Metals Corp. is a vertically integrated producer of battery-grade manganese products for the EV and energy storage industries. The company's core product portfolio consists of three high-purity manganese products: HPMSM (High-Purity Manganese Sulphate Monohydrate) used in NMC and LMFP battery cathodes; HPMO (High-Purity Manganese Oxide) for next-generation battery chemistries and specialty applications; and HPEMM (High-Purity Electrolytic Manganese Metal) serving as feedstock for HPMSM and cathode production. The flagship asset is the K.Hill Project in Botswana—a fully integrated mine-to-market operation with a 25-year life producing 1,504kt HPMSM and 99kt HPMO. The Demonstration Plant in Johannesburg (1:10 commercial scale) serves as the operational hub for product validation, offtaker qualification, and process optimization ahead of commercial production. Additional exploration projects (Otse and Lobatse) are advancing within geological proximity to planned commercial facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• HPMSM (High-Purity Manganese Sulphate Monohydrate) Refined battery-grade manganese salt (~32% Manganese) produced via hydrometallurgical processing for use in lithium-ion battery cathode materials such as NMC and LMFP, improving energy density and reducing reliance on cobalt and nickel.
• HPMO (High-Purity Manganese Oxide) High-purity oxide produced through controlled oxidation of manganese feedstock, applied in next-generation battery chemistries (LMFP/LMNO), specialty ceramics, and as a sustainable HPMSM production pathway.
• HPEMM (High-Purity Electrolytic Manganese Metal) High-purity metallic manganese (approximately 99.7% Manganese) produced by electrolytic deposition, used as feedstock for HPMSM manufacturing and directly in cathode active material production for high-performance lithium-ion batteries.

Quantifiable outcome

• DFS post-tax NPV(8%) of US$481M with IRR of 20.3% over 25-year project life
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered key and supporting.

• Charge CCCV LLCkeyStrategic or Co-development Partner · 21 October 2025Charge CCCV LLC operates a qualification program ('Digital DNA') for battery materials testing. Giyani's High Purity Manganese Oxide (HPMO) passed Phase 1 qualification standards (coin cell analysis) and progressed to Phase 2 with positive interim results. This qualification process is key to securing offtake agreements with battery manufacturers.
• Knight PiésoldsupportingImplementation/ SI/ Consulting Partner · 11 June 2024Knight Piésold was appointed as geoscience and tailings consultant for the 2025 DFS, providing specialized technical expertise in tailings management and geotechnical assessments for the K.Hill project.
• Wood plckeyImplementation/ SI/ Consulting Partner · 4 June 2024Wood plc was appointed as the lead Definitive Feasibility Study (DFS) consultant for the K.Hill project. Wood is a global leader in consulting and project delivery across energy and materials sectors, providing technical oversight for the DFS which was completed in May 2026.
• ComputersharesupportingOthersComputershare serves as Giyani Metals' transfer agent, maintaining the company's share register at 320 Bay Street, 14th Floor, Toronto, ON M5H 4A6, Canada. Handles share registrations, dividends, and investor communications.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Eramet SA: French mining and metallurgical company with major manganese operations in Gabon (via COMILOG subsidiary), producing manganese ore and alloys. Represents a major established Western manganese producer with refining capabilities and existing OEM relationships that Giyani must compete against.
• Tronox Holdings plc: US-listed (NYSE: TROX) integrated miner of titanium-bearing minerals and zircon, with manganese operations that could be expanded. Represents an established Western specialty minerals producer with existing processing infrastructure and customer relationships in adjacent battery materials markets.
• South32 Limited: Australia-listed diversified miner operating the GEMCO mine in Australia's Northern Territory — one of the world's largest and lowest-cost manganese ore producers. Sets the benchmark for Western manganese supply economics and represents the incumbent that Giyani's downstream processing strategy aims to complement rather than compete with.
• Vale S.A. Brazilian-listed global mining major with manganese mining operations in Brazil (Azul mine). Major diversified miner with capability across multiple battery materials (nickel, cobalt, manganese) and significant capital resources to potentially enter or expand in the battery-grade manganese space.
• Anglo American plc: London-listed global mining major with historical manganese exposure through its Samancor joint venture in South Africa. Represents a major incumbent with deep resources, established OEM relationships, and capital access that could either compete with or potentially partner with/take out Giyani.

Direct peers

• Euro Manganese Inc. Canadian-listed (TSXV: EMN) developer of the Chvaletice Manganese Project in Czech Republic, producing high-purity manganese products (HPMSM, HPMO) from legacy mine tailings. Most directly comparable to Giyani as a Western-aligned battery-grade manganese developer targeting European EV supply chains under CRMA.
• Element 25 Limited: Australia-listed (ASX: E25) company developing the Butcherbird Manganese Project in Western Australia, with plans to produce battery-grade HPMSM for EV cathode manufacturers. Comparable development-stage approach targeting Western battery markets with similar ore-to-HPMSM vertical integration strategy.
• OM Holdings Limited: Australia-listed (ASX: OMH) manganese and ferroalloys producer with mining operations in South Africa and Malaysia, producing manganese ore, silico-manganese, and ferromanganese. Comparable vertically integrated manganese producer with established customer base in steel and battery industries.
• Manganese X Energy Corp. Canadian-listed (TSXV: MN) junior developing the Battery Hill manganese project in New Brunswick, Canada, targeting high-purity manganese products for lithium-ion batteries. Similar size and stage to Giyani, competing for the same Western OEM customer base and capital pools.

Regional players

• Consolidated Minerals Limited: Privately-held manganese ore producer with operations in Australia and Ghana. While primarily an ore producer rather than battery-grade chemical processor, represents a regional manganese supplier that could either become a competitor in ore markets or a potential offtake/raw material source for downstream players like Giyani.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/giyani-metals

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds8 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Giyani Metals