Giyani Metals receives loan interest from US EXIM for Botswana manganese project
16/06/2025 15:28
June 16 (Reuters) - Giyani Metals EMM.V said on Monday it had received a letter of interest from the Export-Import Bank of the United States (EXIM) for a loan of up to $225 million to help build its manganese project in Botswana. If approved, the loan will support the construction of Giyani's K.Hill project, which will produce battery-grade manganese used in electric vehicles, the company said. The funding is part of the U.S. effort to reduce its reliance on critical minerals from China. (Reporting by Sumit Saha in Bengaluru; Editing by Shreya Biswas) ((Sumit.Saha@thomsonreuters.com;))