Giyani Metals CEO and CFO Acquire Shares in Company

2 min read | September 30, 2024 08:14 AM PDT | By Team Kalkine Media

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Giyani Metals CEO and CFO Acquire Shares in Company — Image source: Shutterstock

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Highlights:

Giyani Metals Corp. executives Charles FitzRoy and Eugene Lee have increased their shareholdings in the company.
CEO FitzRoy acquired 86,200 shares, while CFO Lee purchased 100,000 shares, reflecting their confidence in Giyani’s growth potential.
Recent milestones include the issuance of the K.Hill mining license and advancements in the company’s Demonstration Plant in Botswana.

Giyani Metals Corp {OTC-CATPF} has announced that two of its top executives have enhanced their shareholdings, underscoring their commitment to the company's future. CEO Charles FitzRoy acquired 86,200 ordinary shares, bringing his total holdings to the same number, which constitutes approximately 0.03% of the company’s issued share capital. CFO Eugene Lee also expanded his stake by purchasing 100,000 shares, now holding nearly 1.95 million shares.

In a statement, CEO FitzRoy expressed his honor in leading the Giyani team, describing the current phase as “an incredibly exciting juncture.” This enthusiasm is fueled by recent advancements in the development of the K.Hill manganese project located in Botswana. Key milestones achieved in the past two weeks include the successful issuance of the K.Hill mining license and significant progress in the Demonstration Plant operations.

FitzRoy emphasized that these purchases reflect confidence in the company’s ability to meet its objectives. He stated, “The company is poised to become a leading producer of high-purity, low carbon footprint battery-grade manganese.” The CEO also noted that the commissioning of the Demonstration Plant, expected in the fourth quarter of 2024, is set to enhance discussions with potential offtake partners. This positions Giyani favorably within the expanding electric vehicle market, which demands sustainable and high-quality battery materials.

Overall, the actions of the executives signal a strong belief in Giyani Metals Corp's strategic direction and operational advancements, as the company moves towards realizing its long-term goals in the manganese sector.

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