02:01 PM EDT, 07/22/2025 (MT Newswires) -- Giyani Metals ( CATPF ) shares were last seen down 13% after the company on Tuesday said it is seeking $3 million in a non-brokered private placement of share units.

The company said it will place up to 50-million units priced at $0.06 each and made of a share and one-half of a three-year warrant to buy a share for $0.085.

The company said proceeds will be used to support its workstreams, activities and for general working capital needs.

"This financing will provide us with the flexibility and resources needed to capitalize on upcoming growth opportunities, including producing HPMSM from the Demo Plant this quarter, delivering the Definitive Feasibility Study next year, and positioning the Company to progress towards Project Financing," said Chief Executive Charles FitzRoy.

Shares of the company were last seen down $0.010 at $0.065 on the TSX Venture Exchange.

Price: 0.07, Change: -0.01, Percent Change: -13.33