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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
East Africa Metals Inc. is pleased to provide an update on the progress of the engineering work and the development plan for the hard-rock mining operation on the 1M ounce Magambazi gold deposit in Tanzania, which will ramp up as the tailings processing operations wind down. With the successful commissioning of the tailings processing, project [...]
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 [...]
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 [...]