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 [...]
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 [...]
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 [...]
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 [...]
East Africa Metals Inc. has granted an aggregate of 6,300,000 stock options to certain directors, officers and consultants pursuant to the Company’s Stock Option Plan. The options have an exercise price of $0.22 per share and an expiry date of June 7, 2024. The options will vest immediately and are subject to the approval of the TSX Venture [...]
East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC. A total of 75,774,458 million common shares, representing approximately 42.20% 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. In order to provide clarification of the Company’s May 21, 2019 press release announcing the receipt of government approval of mining licenses for the Mato Bula Gold Copper and Da Tambuk Gold Projects at the Company’s 100% owned Adyabo Project located in the Tigray National Regional State of the Federal [...]
East Africa Metals Inc. . In advance of the upcoming Annual General Meeting , the Company is pleased to provide the following update to shareholders. Highlights: The Mato Bula and Da Tambuk Mining Licenses formally granted to East Africa; and Negotiations with Tibet Huayu Mining Co. Ltd. regarding the sale of up to 70% interest on the granting of [...]
East Africa Metals Inc. is pleased to announce the receipt of government approval of mining licenses for the Mato Bula Gold Copper and Da Tambuk Gold Deposits at the Company’s 100% owned Adyabo Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia . With the acquisition of the Mato Bula and Da [...]
East Africa Metals Inc. is pleased to announce that it has scheduled an Annual General and Special Meeting to be held on May 31, 2019, to seek shareholder approval for the sale of approximately 70% interest in the Company’s Ethiopian assets to Tibet Huayu Mining Co. Ltd . The Company also announces the closing of the non-brokered private [...]
East Africa Metals Inc. is pleased to announce the TSX Venture Exchange has approved a 30 day extension to the final closing of the non-brokered private placement of up to 18.75 million units at C$0.16 per Unit for proceeds of up to C$3.0M announced on February 11, 2019. The Company expects to close on or around April 8, 2019, subject to TSXV [...]
East Africa Metals Inc. would like to provide an update on the ongoing exploration/development of its gold and gold/copper/zinc projects in Federal Democratic Republic of Ethiopia . Now that the previously announced Private placement has closed its initial tranche , the Company has signed a diamond drilling contract for up to 10,000m to commence [...]
