East Africa Metals Inc. is pleased to announce the signing of a binding memorandum of understanding with Luck Winner Investment Limited providing for project development financing of up to US$250 million and a private placement of 52,100,000 units at a price of $0.26 per unit for aggregate gross proceeds of approximately C$13,550,000. LW has also agreed to provide an unsecured loan to the Company in the amount of [...]
VANCOUVER, BC--(Marketwired - September 01, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") East Africa announces that SinoTech (Hong Kong) Corporation Limited, an insider of the Company, has agreed to provide an unsecured loan to the Company in the amount of $600,000. The proceeds will be used for working capital, engineering work at the Terakimti Oxide Gold Project and exploration [...]
VANCOUVER, BC--(Marketwired - August 14, 2017) - East Africa Metals Inc.(TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce final diamond drill hole results from the most recent infill diamond drilling program at the Mato Bula deposit, part of the Company's Adyabo Project in Ethiopia. Highlight intersections include: 5.89 metres grading 53.32 grams per tonne gold, 0.51 % copper, and 2.6 grams per [...]
East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver. A total of 74,799,602 million common shares, representing approximately 52.11% 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 Metal is pleased to announce newly received results from recently completed infill diamond drilling at the Adyabo Project, Mato Bula deposit in Ethiopia. Highlight intersections include: At Mato Bula - 12.60 metres grading 12.59 grams per tonne gold, 0.66% copper, and 1.5 grams per tonne silver, from 77.40 metres drill depth (WMD085), and; At Mato Bula - 7.60 metres grading 14.59 grams per tonne gold, 0.62 [...]
VANCOUVER, BC--(Marketwired - May 11, 2017) - East Africa Metals Inc.(TSX VENTURE: EAM) ("East Africa Metals" or the "Company") is pleased to announce it has been informed the Ministry of Mines, Petroleum and Natural Gas (the "Ministry") has completed its review of the Company's Mine Permit Application and has issued a draft Model Agreement for the Company's Terakimti Oxide Gold Project located in the Tigray National [...]
VANCOUVER, BC--(Marketwired - April 27, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) (the "Company" or "East Africa") has granted an aggregate of 1 million stock options to certain directors pursuant to the Company's Stock Option Plan. The options have an exercise price of $0.285 per share and an expiry date of April 25, 2022. More information on the Company can be viewed at the Company's website [...]
East Africa Metals is pleased to announce newly received results from on-going diamond drilling at the Adyabo Project in Ethiopia. Four holes have been completed at Da Tambuk, as part of a detailed infill program in the central area of the resource, and results for a total of eleven holes have been received from the Mato Bula south 40m x40m infill drill program. Highlight intersections include: At Da Tambuk - 20.00 [...]
East Africa Metals is pleased to announce results from a multi targeted drill program at the Harvest and Adyabo Projects in the Arabian Nubian Shield of Ethiopia. The Company has conducted additional drill testing of the Harvest Project Mayshehagne and VTEM09 VMS prospects to potentially upgrade targets, confirm interpretation of mineralization, and assess targets for inclusion as potential satellite resource zones. Both [...]
VANCOUVER, BC--(Marketwired - March 07, 2017) - East Africa Metals Inc.(TSX VENTURE: EAM) (or the "Company") announces today the closing of a $5.2M private placement with Shandong Tyan Home Co., Ltd. ("STH"), a Chinese listed public company. The private placement will finance ongoing exploration and project development activities at the Company's Harvest and Adyabo projects, located in the Tigray region of the Federal [...]
VANCOUVER, BC--(Marketwired - February 22, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to provide an update for on-going exploration and resource definition on the Adyabo and Harvest Projects in Ethiopia. Diamond Drilling Harvest Project follow-up diamond drilling on the VTEM09, Lihamat, and Mayshehagne prospects was completed in mid-January, and all samples have been [...]
VANCOUVER, BC --(Marketwired - January 23, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to report the final results of a comprehensive metallurgical test program completed for the Terakimti Oxide Gold Project in the Federal Republic of Ethiopia. Column leach testwork achieved gold extractions up to 74.8% with rapid leach rates. Column Leaching Testwork The column testwork [...]
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