09:01 AM EST, 01/31/2025 (MT Newswires) -- Giyani Metals ( CATPF ) on Friday said it commenced the production ramp-up phase at the battery-grade manganese Demonstration Plant in Johannesburg.

The Demo Plant product samples are on track to be produced in the first quarter of 2025. The Demo Plant is designed to identify opportunities, improve the design, and significantly derisk the project as Giyani will better understand how the Commercial Plant which is to be built in Botswan, will respond in advance of construction, commissioning, and ramp-up.

The Demo Plant also enables final optimisation of the engineering design and flowsheet in order to reduce operating costs and carbon profiles, in parallel with the definitive feasibility study which is underway and expected to be completed in 2025.

Giyani Metals ( CATPF ) will benefit from 5% corporate tax rate for the first 10 years of production from its commercial plant, increasing to 10% thereafter, a benefit that was not included in the 2023 PEA.

Shares of the company closed up $0.005 or 5.9%, to $0.090 on Thursday on the TSX Venture Exchange.