East Africa Metals Inc.

East Africa Metals Inc. is pleased to announce that subject to the approval of the Fair Competition Commission of Tanzania, the Company is expected to sign a binding Share Purchase Agreement and Gold Purchase Agreement with an arm's length Tanzanian private company, PMM Mining Company Limited , to develop the Magambazi Mine in Tanzania. Highlights: Government mandated mediation to resolve the current legal issues in [...]

East Africa Metals Inc. announces that SinoTech Corporation Limited, an insider of the Company, has agreed to provide an unsecured loan to the Company in the amount of CAD$250,000 at an interest rate of 12% per annum. The loan is repayable upon the earlier of 15 business days after the Company's closing of any financing or transaction in connection with the development of the Company's Harvest project ; or 6 months from [...]

East Africa Metals Inc. announces that due to circumstances created by the COVID 19 pandemic, it will not be filing its annual financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the financial year ended December 31, 2019 by the scheduled due date of April 29, 2020, as required by National Instrument 51-102. BC Instrument 51-515 provides issuers with an [...]

East Africa Metals Inc. is pleased to announce that it has reached agreement with Hong Kong-based Sino Union Energy Group Limited on a binding 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. Harvest Mining PLC owns 100% of the [...]

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 Federal Democratic Republic of Ethiopia . The Company previously signed a diamond drilling contract for up to 10,000 metres. The Phase 1 drilling program has been initiated and equipment has begun being deployed to support the campaign. Based on the recently completed sale of the [...]

East Africa Metals Inc. is pleased to announce that it has received a project update from Tibet Huayu Mining Co. Limited regarding plans and current activities for the development and construction of the Mato Bula and Da Tambuk mines located on the Adyabo property. Following the signing of the Share Purchase Agreement, which formally completed the Adyabo transaction and confirmed the ownership of Tigray Resources Inc. as [...]

East Africa Metals Inc.  is pleased to announce that it has received the final payment of $600,000 USD from Tibet Huayu Mining Co. Ltd. as part of the closing of the transaction under which Tibet Huayu Mining Co., Ltd. has purchased a 70% interest in the Company's Adyabo Project pursuant to the Share Purchase Agreement signed June 28, 2019, as amended August 9, 2019 .  Mr. Andrew Lee Smith, EAM's C.E.O., is travelling to [...]

East Africa Metals Inc. is pleased to announce that the Company has closed the transaction under which Tibet Huayu Mining Co., Ltd. has purchased a 70% interest in the Company’s Adyabo Project pursuant to the Share Purchase Agreement signed June 28, 2019, as amended August 9, 2019. The parties are working to complete the formal registration of the transfer of 70% of East Africa’s equity interest in its [...]

East Africa Metals Inc. The Company is pleased to announce that, effective August 9, 2019, Tibet Huayu Mining Co. Limited and East Africa have agreed and concluded certain documentation for the previously announced Adyabo transaction . With the signing of an amendment to the Share Purchase Agreement executed in June 2019, the parties have agreed all conditions precedent and obligations required for closing under the Share [...]

East Africa Metals Inc. is pleased to announce the Company, through its wholly owned subsidiaries, has executed a definitive Share Purchase Agreement and Joint Venture Contract with Silk Road Resources Investments Co. Limited, a wholly owned subsidiary of Tibet Huayu Mining Co. Limited , for the development and operation of the Adyabo Project’s Mato Bula and Da Tambuk deposits located in the Tigray region of the [...]