Core Viewpoint - Giyani Metals Corp. has received a non-binding letter of interest from the Export-Import Bank of the United States for up to US$225 million in financing to support the construction of the K.Hill Battery-Grade Manganese Project in Botswana [1][3][4] Financing Details - The letter of interest (LOI) is not a binding commitment and is part of the initial application process for financing, contingent upon due diligence, final terms agreement, and execution of a Definitive Feasibility Study (DFS) expected to be completed in Q1 2026 [3][4] - The potential funding from EXIM is structured under the Supply Chain Resilience Initiative (SCRI), aimed at reducing US dependence on critical mineral supply chains controlled by China [5][8] Strategic Importance - The LOI represents a significant milestone for Giyani in securing project financing, validating the company as a preferred strategic developer of battery-grade manganese products [4][8] - ECA funding is crucial for financing critical minerals projects, offering lower-cost loans with longer repayment periods, which can enhance shareholder value through more favorable repayment structures [5][8] Company Overview - Giyani aims to be a leading producer of sustainable, low carbon high purity battery-grade manganese for the electric vehicle (EV) and energy storage systems (ESS) industries, utilizing a proprietary hydrometallurgical process [10] - The company is focused on securing offtake contracts with US companies as a key requirement to unlock funding from EXIM [8]