East Africa Metals Inc EFRMF

Primary Symbol: V.EAM

Metals & Mining Gold

East Africa Metals Inc. is a Canada-based mineral exploration company. The Company is focused on the identification, acquisition, exploration, development and/or sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia (Ethiopia) and the United Republic of Tanzania (Tanzania). The Company’s mineral property interest consists of one project in Ethiopia, the Harvest Property. Additionally, the Company holds a 30% equity interest in Tigray Resources Incorporated PLC, which has one project in Ethiopia, the Adyabo Property. The Harvest Project is 600 kilometers north of Ethiopia’s capital of Addis Ababa. The property is located in the Asmara Mineral Belt in the southern part of the Arabian Nubian Shield (ANS). The Adyabo Project covers 195.5 square kilometers (km2) west of East Africa Metals’ Harvest Project and is located in an under explored part of the Arabian-Nubian Shield in Northern Ethiopia.

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East Africa Metals Inc

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Post by sdhakaon Dec 05, 2023 7:16pm

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Post# 35770083

Tibet Huayu Mining (SHSE: 601020) is commencing mining

East Africa Metals Inc. / TSXV: EAM

PR Title

Tibet Huayu Mining (SHSE: 601020) is commencing mining development programs at the Mato Bula, and Da Tambuk deposits, in Ethiopia

FRC Opinion

Positive – We believe EAM’s partner, Tibet Huayu, should be able to advance the projects to production by 2025. EAM holds a 30% carried interest, indicating that Tibet Huayu is financing the project until production. Given EAM’s relatively inactive status in the past year, this news is highly promising.

https://www.researchfrc.com/boc-meeting-predictions-bitcoin-price-outlook-and-upbeat-news-for-ev-metal-juniors/

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