East Africa Metals Inc. announces that it has closed the second tranche of its non-brokered private placement of units of the Company, as previously announced on March 3, April 5 and May 3, 2024. Due to increased demand, the Company increased the size of the Private Placement to a total gross proceeds of $1,086,000.00. In the second tranche the Company issued 10,360,000 units at a price of CAD$0.10 per unit, for gross [...]
East Africa Metals Inc. is pleased to announce it has received formal notification from the Ethiopian State Minister of Mines of the approval for an extension 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 Ethiopia. The extensions of these mine development periods resolve permitting issues that arose out of the regional [...]
East Africa Metals Inc. is pleased to update that the Company will continue to explore highly prospective areas in the immediate vicinity of the known Mato Bula Gold Copper and Da Tambuk Gold deposit areas. The contents of this disclosure outlines the Company's exploration strategy for assessing the areas through further targeted and staged exploration. This work will be concurrent with the initiation of mine development [...]
East Africa Metals Inc. are pleased to announce the development of the Mato Bula and Da Tambuk mines has been initiated. EAM's development partner, the Chinese company Tibet Huayu Mining Co., Ltd. , through its wholly owned subsidiary Silk Road Investments Co. Ltd., will bear 100% of the costs of mine construction. The mine development program is operated by the jointly owned company Tigray Resources Inc. . Once [...]
East Africa Metals Inc. is pleased to announce it has received confirmation from the Company's development partner, Tibet Huayu Mining Co., Ltd. that their Board of Directors has approved the initiation of mine development activity at the Mato Bula and Da Tambuk mines through their subsidiary Silk Road Investments Co. Limited . Tibet Huayu has based their decision to engage the development agenda based on information [...]
East Africa Metals Inc. announces the change in its financial year end from December 31 to March 31. The change in financial year-end has been made to align the timing of the Company's financial reporting obligations with the availability of the Company's service providers. The Company will file the interim financial statements for the 3 and 12 months ended December 31, 2022 on or before March 1, 2023, and audited [...]
East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC. As of cut off, December 15, 2022, a total of 52,041,422 million common shares, representing approximately 25.48% 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 [...]
East Africa Metals Inc. is pleased to provide an update on the progress of the Magambazi Mine development. EAM, having recently toured the site and met with Canaco Tanzania Limited's management along with management from EMG Pamoja Royalties Tanzania, Ltd., "EMG", EAM's gold trading subsidiary. Management believes that the Magambazi Mine development is ahead of schedule and commissioning of hard-rock mining operations [...]
East Africa Metals Inc. is pleased to provide an update on the progress of the engineering and mine development work at the Magambazi mine in the Handeni region of the Federal Republic of Tanzania. With the successful completion of the tailings processing in the third quarter of 2021, the technical team for PMM Mining Company Limited are focused on the development of hard-rock mining operations. Phase I of the mining [...]
East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC. A total of 43,893,735 million common shares, representing approximately 21.49% of the Company's issued and outstanding common shares were voted in connection with the meeting. East Africa shareholders voted overwhelmingly in favor of all items of business, including the election of each director nominee as [...]
East Africa Metals Inc. would like to provide an update on the ongoing exploration of its gold and gold/copper/zinc projects in the Federal Democratic Republic of Ethiopia . Mining Licences EAM currently has three approved Mining Agreements with Ethiopia's Ministry of Mines and Petroleum ; the Terakimti Oxide deposit Mining license has been issued and Mining Agreements for the Mato Bula and Da Tambuk deposits have been [...]
East Africa Metals Inc. is pleased to provide the updated Magambazi mineral resource estimate. As previously announced , PMM Mining Company Limited has commenced engineering work to develop detailed plans for mining operations and surface equipment installations. Once complete, the first-year production is targeted to be 10,000 ounces of gold, scaling up to 40,000-ounces annually over a period of 48 months. Updating of [...]
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