East Africa Metals Inc. announces that it has closed the first tranche consisting of 14,543,500 units, subject to approval of the TSX-V, for gross proceeds of C$2.3M, of its previously announced non-brokered private placement for up to 18.75M units at $0.16c per Unit and proceeds of up to $C.3.0M . Each unit will consist of one common share and one [...]
East Africa Metals Inc. would like to provide an update on to the Project Development financing announcement released earlier . As part of the overall financing strategy, East Africa is announcing its intention to complete an equity financing by way of a private placement of up to C$3.0M at a price of C$0.16 per unit for 18.75M units. Each unit [...]
East Africa Metals Inc. is pleased to provide additional information to the original announcement dated February 8, 2019 regarding the Project Financing with Tibet Huayu Mining Company. EAM can confirm the Boards of Directors for both East Africa Metals and Tibet Huayu Mining have approved the transaction. Original Release: EAM have executed a [...]
East Africa Metals Inc. is pleased to announce EAM have executed a binding Letter of Intent with Tibet Huayu Mining Co., Ltd for the exploration, development and operation of EAM’s Ethiopian Mining Assets; the Terakimti, Mato Bula and Da Tambuk gold projects located in the Tigray National Regional State of the Federal Democratic Republic of [...]
East Africa Metals Inc. is pleased to announce the Ministry of Mines and Petroleum has approved the Mining Agreements for East Africa’s 100% owned Mato Bula and Da Tambuk gold projects located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia . The final step in the Mining Licence process is the formal [...]
East Africa Metals Inc. announces that the Company and SinoTech Corporation Limited , an insider of the Company, have signed a third extension of the maturity date for the related party loan entered into in September 2017. On June 1, 2018, the Company announced that SinoTech had agreed to extend the maturity date of an unsecured loan to the Company [...]
East Africa Metals Inc. is pleased to announce it has received Draft Model Agreements from the Ministry of Mines, Petroleum and Natural Gas for the Company’s Mato Bula and Da Tambuk Projects, located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia . The delivery of the DMAs indicates the Ministry has [...]
East Africa Metals Inc. would like to provide an update on the development of its Ethiopian Projects in the Federal Democratic Republic of Ethiopia and the arbitration hearing related to its Tanzanian assets. Financing With the completion of the Preliminary Economic Assessments for the Terakimti Gold Heap Leach project , Mato Bula Gold Copper and [...]
East Africa Metals Inc. is pleased to announce it has received approval from the Ethiopian Ministry of Mines, Petroleum and Natural Gas for the Environmental and Social Impact Assessments for the Mato Bula Gold Copper and Da Tambuk Gold Projects. EAM’s President and CEO Andrew Lee Smith said: “The approval of the two project ESIA [...]
VANCOUVER, British Columbia, July 13, 2018 -- East Africa Metals Inc. announces the issuance of 125,000 previously approved bonus common shares to an executive of the Company. In 2016, the Company’s Board of Directors approved the grant of up to 2,750,000 bonus common shares certain officers of the Company, subject to certain conditions [...]
East Africa Metals has granted an aggregate of 15,900,000 stock options to certain directors, officers, employees 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 29, 2023. The options will vest immediately and are subject to the approval of the TSX [...]
East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver. A total of 62,329,801 common shares, representing approximately 38.30% of the Company's issued and outstanding common shares were voted in connection with the meeting. East Africa shareholders voted overwhelmingly in favour of all items [...]
