East Africa Metals Inc.

East Africa Metals Inc. is pleased to announce that it has received the first reconciliation calculation from the "Magambazi Transaction" in accordance with the terms of the Company's agreement with PMM Mining Company. EAM's share from production of the tailings is 160 ounces for projected net revenues of approximately US$275,000. The Magambazi Transaction: The transaction includes: During the lifetime of the mine [...]

East Africa Metals Inc. is pleased to announce that it has received, in full, the US $2,000,000 payment from PMM Mining Company Limited in accordance with the terms of the sale of Canaco Tanzania Limited , East Africa's wholly owned subsidiary and is preparing to transfer the Magambazi mining licence into PMM's control. The Magambazi Transaction: The transaction includes: During the lifetime of the mine respecting the [...]

East Africa Metals Inc. - "East Africa" or the "Company") is pleased to announce that it has reached agreement with Zijin Mining Group Company Ltd. on a letter of intent to acquire a majority ownership stake in the Harvest Project currently held by EAM's wholly owned subsidiary, Tigray Ethiopia Holdings Inc. . TEHI holds a 70% interest in Harvest Mining PLC with Ezana Mining Development PLC owning 30%. Harvest Mining PLC [...]

East Africa Metals Inc. is pleased to announce that it has formed a metals trading Company under the laws of Tanzania in order to facilitate the acquisition and commercial sales of EAM's share of the gold produced from the Magambazi mine in accordance with the terms of the Sale-Purchase Agreement announced December 21, 2020 . The company, "Umoja Gold Tanzania, Ltd." , will allow it to acquire by purchase or otherwise deal [...]

East Africa Metals Inc. would like to provide an update on the ongoing exploration of its gold and gold/copper/zinc projects in the Ethiopia. After productive meetings with government officials in Addis Ababa last week, the Company is looking to building on the success achieved over the past ten years through the Company's investment of approximately $30,000,000 in exploration with the support of the Ministry of Mines and [...]

East Africa Metals Inc. is pleased to announce that further to its press release dated January 27, 2021, the Company has received the following update from its Tanzanian partner, PMM Mining Company. Start-up of the tailings re-processing has begun, on schedule. In January, PMM Mining informed EAM it had completed an engineering and metallurgical assessment of a plan to re-process existing tailings from illegal mining [...]

East Africa Metals Inc. would like to provide an update on the ongoing exploration/development of its gold and gold/copper/zinc projects in the Ethiopia. EAM has completed planning and received government approval for C$2.7M, Phase 1 exploration program that will include 8,000m of diamond drilling, 115 line kilometers of geophysical surveys, environmental, metallurgical studies and resource calculations/updates. The [...]

East Africa Metals Inc. is pleased to announce that further to its press release dated October 22, 2020, it has received the following update from its Tanzanian partner, PMM Mining Company. PMM Mining has informed EAM it has engaged development of a plan to re-process existing tailings from artisanal mining activities that took place between 2007 and 2016 at the Magambazi site, during which time large, active artisanal [...]

East Africa Metals Inc. is pleased to provide an update on the status of development programs on the Company's Ethiopia projects. 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 the Mining Agreements for the Mato Bula and Da Tambuk deposits have been approved and licenses issued . For the additional [...]

East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver. A total of 31,897,876 million common shares, representing approximately 17.28% 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 [...]