Positioning Ubora as Development Partner and Advancing Formal Mining Plan to Enable License Renewal and Initiate Mine Development East Africa Metals Inc. is pleased to provide an update on the status of its Handeni Properties in Tanzania, including the Magambazi gold deposit. Government Engagement and Third-Party Developer Since the suspension of operations at the Magambazi project in December 2022 due to non-compliance [...]
East Africa Metals Inc. , is pleased to announce that the Company has entered into a binding Memorandum of Understanding with Ubora Minerals Company Limited to acquire and develop the Company's Magambazi and Handeni mining project in Tanzania. Ubora is a subsidiary company of Anchises Capital Precious Metal Fund LLC , which holds 50,200,000 common shares of the Company, representing approximately 18.66% of the Company's [...]
Extends Marketing Agreement with BullVestor East Africa Metals Inc. is pleased to provide an update on its Ethiopian gold projects, recent regulatory and geopolitical developments in the Tigray region, and progress made by its partner in advancing key assets toward production. Highlights: Four-year extensions granted for EAM's Adyabo and Harvest mining licenses, through 2028. Renewed engagement by the Tigray Mines and [...]
East Africa Metals Inc. is pleased to announce the appointment of Mr. Gang Chen as a Director of the Company. Mr. Chen was nominated by Anchises Capital Precious Metal Fund LLC, a significant shareholder of the Company, following its investment of CAD$5,522,000 in the Company's recently closed private placement on June 17, 2025. "Mr. Chen brings a wealth of experience and strategic insight that will be invaluable as we [...]
East Africa Metals Inc. is pleased to announce a non-brokered private placement to raise gross proceeds of CAD$5,522,000 through the sale of 50,200,000 common shares at the price of CAD$0.11 per share. The private placement involves an investment by a strategic investor, reflecting confidence in the Company's African assets and growth prospects. On closing, the investor will hold approximately 19.9% of the issued and [...]
East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC. A total of 47,330,789 common shares, representing approximately 21.63% of the Company's issued and outstanding common shares were voted in connection with the meeting. East Africa's shareholders voted overwhelmingly in favor of all items of business, including the election of each director nominee, as [...]
East Africa Metals announces that it has closed a non-brokered private placement, of shares in the amount CAD$500,000. The Company issued 3,333,333 common shares at a price of CAD$0.15 per share, for gross proceeds of CAD$500,000. The private placement involves an investment by a strategic investor, reflecting confidence in the Company's African assets and growth prospects. All securities issued will be subject to a [...]
East Africa Metals is pleased to announce the Company is currently working to develop a Memorandum of Understanding with JinJiu Hong Kong International Investment Ltd. for the development of the Magambazi mining project in Tanzania. In October 2020, the Company signed a Share Purchase Agreement and Gold Purchase Agreement an with a Tanzanian private company, PMM Mining Company Limited to develop the Magambazi mining [...]
East Africa Metals is pleased to announce that the Company's development partner Tibet Huayu Mining Co Ltd. has initiated the procurement process for heavy equipment required for the construction of the Adyabo Project's Mato Bula and Da Tambuk mines, located in the Tigray Regional State of Ethiopia. Equipment required for the mine construction and mining operations include drill rigs, excavators, trucks, loaders [...]
East Africa Metals Inc. has completed the negotiations of the Relocation Action Plan to allow the mine development activities to begin at the Mato Bula and Da Tambuk projects in the Tigray Regional State, Ethiopia. The completion of the RAP is a crucial step for mining projects in Ethiopia, a critical process to ensure that any displacement of communities and disruption of agricultural land is managed effectively and [...]
East Africa Metals Inc. is pleased to announce the Company has engaged Kluane Drilling Ltd. to advance the Mato Bula Extension drill program beginning with testing of the Halima Hill prospect. The Mato Bula Extension drill program will target prospective geology south of the known Mato Bula resource, as defined by an induced polarization anomaly representing the extension of the IP anomaly that defines the current known [...]
East Africa Metals Inc. and our development partner, Tibet Huayu Mining Co., Ltd. , are pleased to inform about the progress of our mine development plan, on the heels of receiving formal notification from the Ethiopian State Minister of Mines of the approval for extensions to the mine development period for the Mato Bula, Da Tambuk and Terakimti projects located in the Tigray region of the Federal Democratic Republic of [...]