Giyani Metals Receives LOI from Netherlands Export Credit Agency
Giyani Metals Corp. (TSXV: EMM) has received a letter of interest from Atradius Dutch State Business with regards to financial support for the company’s K. Hill manganese project located in Botswana.
Atradius Dutch State Business is the official administrator for the Netherlands Export Credit Agency, and has sent a letter of interest to Giyani in regards to its manganese project in Botswana. As per the letter, Adradius states it will offer in-principle project finance support as per the export credit guarantee scheme offered by the Dutch Government. This scheme provides credit insurance for companies which predominantly deal with the export of goods and services from the Netherlands.
Giyani is considered a suitable contender for the export credit guarantee scheme because the Netherlands engineering services company, Royal IHC, is a significant engineering partner of the company’s K. Hill project. As such, if the letter of interest is pursued, Giyani will have access to lower interest rates from lenders which are insured under the export credit guarantee scheme, in addition to debt repayment insurance with longer duration and a supportive repayment schedule.
Giyani Metals Corp is a junior exploration mining company based out of Canada, and is currently trading at $0.11 on the TSX-Venture.
Information for this briefing was found via Sedar and Giyani Metals Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.