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.

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East Africa Metals Inc

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Post by sdhakaon Aug 01, 2024 7:39pm

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Post# 36159543

East Africa Metals Attracts a new partner for the...

PR Title: Attracts a new partner for the development of the Magambazi/Handeni mining project (Tanzania)

Analyst Opinion: Positive - EAM has secured interest from a Hong Kong-based mining and investment company to potentially form a joint venture aimed at advancing EAM’s gold projects in Tanzania toward production. Meanwhile, at its flagship projects in Ethiopia, partner Tibet Huaya Mining (SHSE: 601020) has begun acquiring the heavy equipment needed for construction. Tibet Huaya is financing the project up to production, with EAM retaining a 30% carried interest.

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