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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
