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East Africa Metals Inc V.EAM

Alternate Symbol(s):  EFRMF

Metals & Mining Industrial Metals & Minerals
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.


TSXV:EAM - Post by User

East Africa Metals Inc
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Post by sdhakaon Jul 30, 2024 5:44pm
86 Views
Post# 36155155

Great news for East Africa Metals!

Great news for East Africa Metals!

Hello folks, Great news for East Africa Metals!

 

They've attracted interest from a Hong Kong-based mining and investment company to possibly form a joint venture for the Magambazi/Handeni project in Tanzania.

 

This could be a significant step forward. Plus, their partner Tibet Huaya Mining has started acquiring the heavy equipment needed for construction at EAM's flagship projects in Ethiopia. With Tibet Huaya financing up to production and EAM retaining a 30% carried interest, things are looking quite promising.

 

How do you all see this partnership impacting EAM's future? Anyone else here closely following their progress?

 

Read the full analyst commentary here, its free: https://www.researchfrc.com/content/analyst-ideas/post/121/trump-endorses-cryptos-capital-flowing-to-small-caps

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