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East Africa Metals Inc V.EAM

Alternate Symbol(s):  EFRMF

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 metal resource properties in the Federal Democratic Republic of Ethiopia (Ethiopia) and the United Republic of Tanzania (Tanzania). Its principal assets include a 30% net profits interest in the Mato Bula and Da Tambuk mines (collectively Adyabo Property) and a 70% project interest in the Harvest polymetallic VMS Exploration Project in the Tigray Region of Ethiopia. The Adyabo Property is located approximately 600 kilometers north of Ethiopia's capital city of Addis Ababa and is comprises of two exploration licenses, West Shire and Adi Dairo, covering approximately 195 square kilometers. The Harvest Property is located 600 kilometers north of Ethiopia's capital city of Addis Ababa. In addition, the Company has a 30% net streaming interest in the Magambazi Mine in the Tanga Region of Tanzania.


TSXV:EAM - Post by User

East Africa Metals Inc
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  • sdhakaX
Post by sdhakaon Aug 01, 2024 7:39pm
177 Views
Post# 36159543

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

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.

Read more here: https://www.researchfrc.com/content/analyst-ideas/post/121/trump-endorses-cryptos-capital-flowing-to-small-caps

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