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CIIT updates progress with Greypole on Zimbabwe gold/chromium evaluation and local chromium supply chain
Tianci International (CIIT) and Greypole Mining said they are progressing geological and feasibility work on a ~500-hectare prospective gold zone (including a 42-hectare priority target) in Gwanda and a ~1,500-hectare prospective chromium area in Zvishavane (core ~420 hectares across six belts). While resource delineation and mining-claims compliance continue, the partners are expanding local chromium procurement and infrastructure — leasing land, planning ~12,000 sq m of warehouses and beneficiation equipment — targeting an average supply capacity of ~10,000 tonnes of chromium products per month to boost trading volumes.
CIIT reports progress on Zimbabwe gold/chrome MOU; plans local chromium supply chain with 10,000 t/mo target
Tianci International (CIIT) says it and Greypole Mining have advanced geological sampling and feasibility work under their April MOU to evaluate a ~500-hectare gold target in Gwanda (42 ha priority) and a ~1,500-hectare chromium target in Zvishavane (core ~420 ha), while also progressing mining-claims compliance reviews. The partners are simultaneously building a localized chromium sourcing, warehousing and beneficiation network (first phase ~12,000 sq.m. warehouse, 360-ha procurement radius) aimed at supporting CIIT's trading volumes with a targeted ~10,000 tonnes/month supply capacity, though no reserves or commercial production have been announced.
CIIT closes $4.9M registered unit offering of 6.055M units with 3-year warrants
Tianci International (CIIT) closed a registered offering of 6,055,000 units at $0.81 per unit, raising approximately $4.9M gross. Each unit equals one common share (or a pre-funded warrant in lieu) plus one common warrant exercisable immediately at $0.81 and expiring in three years; the offering closed on June 17, 2026 with Maxim Group as placement agent. Timing: Shares were issued at closing, so the offering's primary dilution is already in effect.
Tianci 424B4: Offer 4.055M Units + 2.0M Pre‑Funded Units at $0.81; >20% issuance needs shareholder approval
CIIT filed SEC Form 424B4. Primary offering to sell 4,055,000 Units (each = 1 share + 1 common warrant) and 2,000,000 Pre‑Funded Units at $0.81/unit (Pre‑Funded = $0.809) that would result in issuance of ≥20% of outstanding stock at closing, so shareholder approval is required and closing (and share issuance) is therefore contingent on that approval. Each Unit includes a common warrant exercisable at $0.81 for three years; Pre‑Funded Warrants (exercise $0.001) are immediately exercisable subject to beneficial ownership caps, and Placement Agent Warrants (≈5% of units sold) become exercisable six months after the sales; estimated net proceeds ≈ $4.2M assuming full subscription and full Pre‑Funded Warrant exercise.
CIIT prices $4.9M registered unit offering — 6.055M units with 3-year 1-for-1 warrants
Tianci International (CIIT) priced a registered offering of 6,055,000 units at $0.81 per unit, expected to raise approximately US$4.9M gross. Each Unit consists of one common share (or a pre-funded warrant in lieu) and one common warrant exercisable immediately at $0.81 that expires three years after issuance. Closing is expected on June 17, 2026, so dilution is delayed until closing and will occur upon issuance subject to customary closing conditions. Timing: The press release does not indicate dilution today. Earliest dilution: date unknown.