The Latest News from East Africa Metals

East Africa Metals News Releases

2019

East Africa Metals Closes Tibet Huayu Development Financing

2019-08-23T21:00:00Z

VANCOUVER, British Columbia, Aug. 23, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM - “East Africa” or the “Company”) is pleased to announce that the Company has closed the transaction under which Tibet Huayu Mining Co., Ltd. (“Tibet Huayu” or “THM”) 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 of the transfer of 70% of East Africa’s equity interest in its Ethiopian subsidiary pursuant to Ethiopian laws and regulations (the “Share Transfer Registration”). Of the US$1,200,000 payable by THM under the Share Purchase Agreement, the Company has received US$600,000, and the remaining US$600,000 will be placed in trust and released to the Company upon the earlier of 10 business days after the Share Transfer Registration and October 31, 2019.

East Africa Metals Concludes Agreement for Development Financing

2019-08-14T13:00:00Z

VANCOUVER, British Columbia, Aug. 14, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM - “East Africa” or the “Company”) The Company is pleased to announce that, effective August 9, 2019, Tibet Huayu Mining Co. Limited (“Tibet Huayu” or “THM”) and East Africa have agreed and concluded certain documentation for the previously announced Adyabo transaction (see East Africa News Release dated July 2, 2019). With the signing of an amendment to the Share Purchase Agreement executed in June 2019, the parties have agreed all conditions precedent and obligations required for closing under the Share Purchase Agreement have been met or waived and the parties are now proceeding towards formally closing the transaction. The Company has received conditional acceptance of the transaction from the TSX Venture Exchange and anticipates receiving final approval from the Exchange in due course. Under the transaction, THM, through its wholly owned subsidiary, Silk Road Resources Investments Co., Limited, will conduct the development and operation of the Adyabo Project’s Mato Bula and Da Tambuk deposits located in the Tigray region of the Federal Republic of Ethiopia.

East Africa Metals Signs Definitive Agreement for Development Financing

2019-07-02T07:05:00Z

VANCOUVER, British Columbia, July 02, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM - “East Africa” or the “Company”) 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 (“THM”), for the development and operation of the Adyabo Project’s Mato Bula and Da Tambuk deposits located in the Tigray region of the Federal Republic of Ethiopia.

East Africa Grants Options

2019-06-08T00:00:00Z

VANCOUVER, British Columbia, June 07, 2019 (GLOBE NEWSWIRE) -- 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 Exchange.

East Africa Announces Voting Results from Annual Meeting and Changes to Management

2019-05-31T20:05:00Z

VANCOUVER, British Columbia, May 31, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) ("East Africa" or the "Company") announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC.

East Africa Metals Awarded Mining Licenses for Mato Bula and Da Tambuk Projects, Ethiopia – Revised and Amended

2019-05-30T00:00:00Z

VANCOUVER, British Columbia, May 29, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) (“East Africa” or the “Company”) 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 (the “Adyabo Project”) at the Company’s 100% owned Adyabo Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia (“Ethiopia”), this revised and amended version is being filed today.

East Africa Metals Provides Corporate Update

2019-05-27T20:05:00Z

VANCOUVER, British Columbia, May 27, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) (“East Africa” or the “Company”). In advance of the upcoming Annual General Meeting (to be held at Suite 1100 – 595 Howe Street, Vancouver, British Columbia, on May 31, 2019 at 10:00 a.m. Pacific Time), the Company is pleased to provide the following update to shareholders.

East Africa Metals Awarded Mining Licenses for Mato Bula and Da Tambuk Projects, Ethiopia

2019-05-21T07:05:00Z

VANCOUVER, British Columbia, May 21, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) (“East Africa” or the “Company”) is pleased to announce the receipt of government approval of mining licenses for the Mato Bula Gold Copper and Da Tambuk Gold Deposits (the “Adyabo Project”) at the Company’s 100% owned Adyabo Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia (“Ethiopia”).

East Africa Metals Announces Annual General and Special Meeting to Seek Shareholder Approval for the Financing and Development of the Terakimti, Mato Bula and Da Tambuk Deposits, Ethiopia and Closes Private Placement

2019-04-12T07:05:00Z

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

East Africa Metals Extends Closing of Private Placement

2019-03-28T00:00:00Z

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

East Africa Provides Exploration Update

2019-03-01T21:05:00Z

VANCOUVER, British Columbia, March 01, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture: EAM) (“East Africa”, “EAM”, or the “Company”) 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 (“Ethiopia”). Now that the previously announced Private placement has closed its initial tranche (see news release dated February 28, 2019), the Company has signed a diamond drilling contract for up to 10,000m to commence the first phase of drilling during Q2 2019.

East Africa Metals Closes First Tranche Non-Brokered Private Placement for $2.3M

2019-02-28T21:05:00Z

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

East Africa Metals Private Placement

2019-02-12T03:00:00Z

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

UPDATE: East Africa Metals Executes Binding Letter of Intent with Tibet Huayu Mining for the Financing and Development of the Terakimti, Mato Bula and Da Tambuk Deposits, Ethiopia

2019-02-11T08:05:00Z

VANCOUVER, British Columbia, Feb. 11, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) (“East Africa”, “EAM” or the “Company”) 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.

East Africa Metals Executes Binding Letter of Intent With Tibet Huayu Mining for the Financing and Development of the Terakimti, Mato Bula and Da Tambuk Deposits, Ethiopia

2019-02-08T21:05:00Z

VANCOUVER, British Columbia, Feb. 08, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) (“East Africa”, “EAM” or the “Company”) is pleased to announce EAM have executed a binding Letter of Intent (“LOI”) with Tibet Huayu Mining Co., Ltd (“Tibet Huayu”) 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 Ethiopia (“Ethiopia”). Tibet Huayu is a Chinese mining company with its headquarters in Lhasa, China and is publicly listed on the Shanghai Stock Exchange.

East Africa Metals Receives Approval of Mining Agreements for the development and operation of the Mato Bula and Da Tambuk Projects

2019-01-23T08:05:00Z

VANCOUVER, British Columbia, Jan. 23, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) (“East Africa” or the “Company”) is pleased to announce the Ministry of Mines and Petroleum (the “Ministry of Mines”) 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 (“Ethiopia”). The final step in the Mining Licence process is the formal ratification of the Mining Agreements by the Ethiopian Council of Ministers.

2018

East Africa Metals Announces an Extension to Related Party Loan

2018-10-16T00:00:00Z

VANCOUVER, British Columbia, Oct. 15, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture: EAM) (“East Africa” or the “Company”) announces that the Company and SinoTech (Hong Kong) Corporation Limited (“SinoTech”), an insider of the Company, have signed a third extension of the maturity date for the related party loan entered into in September 2017.

East Africa Metals Receives Approval of Mine Permit Application for Mato Bula and Da Tambuk Gold Projects

2018-09-04T07:05:00Z

VANCOUVER, British Columbia, Sept. 04, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) (“East Africa Metals” or the “Company”) is pleased to announce it has received Draft Model Agreements (“DMAs”) from the Ministry of Mines, Petroleum and Natural Gas (the “Ministry”) for the Company’s Mato Bula and Da Tambuk Projects, located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia (“Ethiopia”).

East Africa Metals Provides Corporate Update on Ethiopian Project Development and Tanzanian Arbitration

2018-08-21T07:05:00Z

VANCOUVER, British Columbia, Aug. 21, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture: EAM) (“East Africa” or the “Company”) would like to provide an update on the development of its Ethiopian Projects in the Federal Democratic Republic of Ethiopia (“Ethiopia”) and the arbitration hearing related to its Tanzanian assets.

East Africa Metals announces approval of Environmental and Social Impact Assessments for the Mato Bula Gold Copper and Da Tambuk Gold Projects

2018-08-16T20:05:00Z

VANCOUVER, British Columbia, Aug. 16, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture: EAM) (“East Africa” or the “Company”) is pleased to announce it has received approval from the Ethiopian Ministry of Mines, Petroleum and Natural Gas (“MoMPNG”) for the Environmental and Social Impact Assessments (“ESIA”) for the Mato Bula Gold Copper and Da Tambuk Gold Projects.

East Africa Metals Announces Issuance of Previously Approved Bonus Common Shares

2018-07-14T00:00:00Z

VANCOUVER, British Columbia, July 13, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces the issuance of 125,000 previously approved bonus common shares to an executive of the Company.

East Africa Grants Options

2018-06-30T00:00:00Z

VANCOUVER, British Columbia, June 29, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. 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 Venture Exchange.

East Africa Announces Voting Results from Annual Meeting

2018-06-22T20:05:00Z

VANCOUVER, British Columbia, June 22, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) ("East Africa" or the "Company") announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC.

East Africa Metals Files NI 43-101 Technical Reports for Three Ethiopian Gold Projects

2018-06-13T00:00:00Z

VANCOUVER, British Columbia, June 12, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces that it has filed with the Canadian securities regulators, three separate NI 43-101 Technical Reports (the "Technical Reports") each with an effective date of April 30, 2018, in support of the Preliminary Economic Assessment Reports for the Mato Bula Gold-Copper Project, Terakimti Heap Leach Gold Project and Da Tambuk Underground Gold Project, all located in the Federal Democratic Republic of Ethiopia. (see East Africa News Release dated April 30, 2018).

East Africa Metals Announces a Second Extension to Related Party Loan

2018-06-02T00:00:00Z

VANCOUVER, B.C., June 01, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces that the Company and SinoTech (Hong Kong) Corporation Limited (“SinoTech”), an insider of the Company, have signed a second extension of the maturity date for the related party loan entered into in September 2017.

East Africa Metals Advances Mato Bula and Da Tambuk Mine Permitting Process

2018-05-25T20:05:00Z

VANCOUVER, British Columbia, May 25, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) is pleased to update that the Company has filed with the Ethiopian Ministry of Mines, Petroleum, and Natural Gas (the “Ministry”), responses to comments received in relation to the Mato Bula and Da Tambuk Mining Licence Applications submitted to the Ministry in December 2017 (see news release December 13, 2017). The Mato Bula Gold Copper and Da Tambuk Gold Projects are both part of the Company’s 100% owned Adyabo Project, located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia.

East Africa Metals Qualifies Exploration Upside relating to Terakimti, Mato Bula, and Da Tambuk Projects

2018-05-07T07:05:00Z

VANCOUVER, British Columbia, May 07, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) (“East Africa” or the “Company”) is pleased to update that the Company will continue to explore highly prospective areas in the immediate vicinity of the known Terakimti Gold (“Terakimti”), Mato Bula Gold Copper (“Mato Bula”, and Da Tambuk Gold (“Da Tambuk”) deposit areas, and below outlines its exploration strategy for actively assessing the areas through further targeted and staged exploration. This work will be concurrent with on-going development review and assessment at Terakimti, Mato Bula, and Da Tambuk (see positive Preliminary Economic Assessment study (“PEA”) news release April 30, 2018) in the Federal Democratic Republic of Ethiopia (“Ethiopia”). The full undertaking of this exploration will remain dependent upon additional financing being completed.

East Africa Metals Announces Positive Results of Three PEA Studies for Gold Projects in Ethiopia

2018-04-30T07:05:00Z

VANCOUVER, B.C., April 30, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces receipt from Tetra Tech Canada Inc. ("Tetra Tech") of positive results from Preliminary Economic Assessments for its three gold projects in Federal Democratic Republic of Ethiopia (“ Ethiopia”).

East Africa Metals provides updates on the Tanzanian Definitive Agreement

2018-04-07T00:00:00Z

VANCOUVER, British Columbia, April 06, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces the Company has commenced binding arbitration proceedings with respect to certain disputes that East Africa has with Tanzanian Goldfields Company Limited (“TzGF”) under the Contractor and Option to Purchase Agreement dated March 5, 2016 (the “Definitive Agreement”) and the Addendum to the Definitive Agreement dated January 16, 2018 (the “Addendum”).

East Africa Metals Announces Termination of Memorandum of Understanding

2018-03-29T20:05:00Z

VANCOUVER, British Columbia, March 29, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) (“East Africa” or the “Company”) announces that further to and following the closing of the $2.0 million financing with Luck Sky Resources Investment Limited on December 28, 2017, Luck Winner Investment Limited and East Africa have agreed to terminate the Ethiopian Project Financing Memorandum of Understanding announced on October 2, 2017. Despite the best efforts of both parties, negotiations failed to define a viable transaction that would be in the best interests of East Africa shareholders and Luck Winner.

East Africa Metals Announces Completion of Warrant Acceleration and Extension of Related Party Loan

2018-02-08T01:00:00Z

VANCOUVER, British Columbia, Feb. 07, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces the following Corporate updates:

East Africa Metals Announces a Corporate Update on Financing and Bonus Common Shares

2018-01-27T04:00:00Z

VANCOUVER, British Columbia, Jan. 26, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces the following corporate updates.

East Africa Metals provides update on the Development of Magambazi and Gold Stream Transaction, Tanzania

2018-01-24T08:05:00Z

VANCOUVER, British Columbia, Jan. 24, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM) (“East Africa” or the “Company”) wishes to announce that, further to news releases dated October 2, 2017 and October 5, 2016, the Company has completed the updated terms (“Addendum”) for the Definitive Agreement with an arm’s length private exploration and development company, Tanzanian Goldfields Company Limited (“TzGF) a Hong Kong company (the “Developer”), to purchase and develop East Africa’s Handeni Properties, which includes the Magambazi Project, and all properties owned by East Africa (together the “Assets”) in Tanzania.

East Africa Metals Announces Acceleration of Warrant Expiry Date

2018-01-16T01:00:00Z

VANCOUVER, British Columbia, Jan. 15, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces that it has elected to accelerate the expiry date of the warrants (the “Warrants”) issued to purchasers and finders under its private placement financing completed on May 31, 2016. Each Warrant entitles the holder to purchase one common share at a price of $0.25 per share. The Warrants were originally set to expire on May 31, 2018 and will now expire on February 5, 2018.

East Africa Provides Update on Mato Bula and Da Tambuk Permitting

2018-01-12T21:05:00Z

VANCOUVER, British Columbia, Jan. 12, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX VENTURE:EAM) ("East Africa" or the "Company") is pleased to provide an update regarding the recent Mining Licence applications in the Federal Democratic Republic of Ethiopia.

2017

East Africa Metals Closes Financing

2017-12-29T08:05:00Z

VANCOUVER, British Columbia, Dec. 29, 2017 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) (“East Africa” or the “Company”) announces the closing of a $2M private placement with Luck Sky Resources Investment Limited (“LS”), under which the Company issued 7,700,000 units at a price of $0.26 per unit, for gross proceeds of $2,002,000. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.45 for a period of 24 months from the date of closing.

East Africa Metals Issues Bonus Shares

2017-12-16T01:00:00Z

VANCOUVER, British Columbia, Dec. 15, 2017 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) (“East Africa” or the “Company”) reports that as announced in its news release dated March 24, 2016, the Company’s Board of Directors has approved of the grant of up to 2,750,000 bonus common shares to certain officers of the Company, subject to certain conditions including the issue of mining license for the Company’s Harvest project, shareholder approval, and approval of TSX Venture Exchange. Shareholders voted 99.28% in favour (see news release dated June 24, 2016) and in 2016 the TSX Venture Exchange approved of the issuance of the shares.

East Africa Metals Updates Financing

2017-12-14T21:15:00Z

VANCOUVER, British Columbia, Dec. 14, 2017 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) (“East Africa” or the “Company”) is pleased to provide the following update on the financing announced November 10, 2017.

East Africa Metals Submits Mine Licence Applications for Da Tambuk and Mato Bula Gold Projects, Ethiopia

2017-12-13T08:15:00Z

VANCOUVER, British Columbia, Dec. 13, 2017 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) (“East Africa” or the “Company”) is pleased to announce, subsequent to the recently acquired Mining License for the Terakimti Oxide Gold Project (See news release dated December 7, 2017), the Company has submitted two additional Mining Licence applications for the Company’s Da Tambuk and Mato Bula Gold deposits at the Company’s 100% owned Adyabo Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia (“Ethiopia”).

East Africa Metals Receives Mine Permit for the Terakimti Oxide Gold Project, Ethiopia

2017-12-07T08:15:00Z

VANCOUVER, British Columbia, Dec. 07, 2017 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) (“East Africa” or the “Company”) is pleased to announce the Company has received government approval of East Africa’s Mining Licence Agreement for the Terakimti Oxide Gold Project (the “Terakimti Project”) at the Company’s 70% owned Harvest Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia (“Ethiopia”).

East Africa Metals Updates Financing

2017-11-10T21:05:28Z

VANCOUVER, British Columbia, Nov. 10, 2017 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V:EAM) (“East Africa” or the “Company”) is pleased to provide the following update on the financing announced October 2, 2017.

East Africa Metals Enters Binding MOU for Project Financing

2017-10-02T07:15:00Z

VANCOUVER, BC--(Marketwired - October 02, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce the signing of a binding memorandum of understanding ("MOU") with Luck Winner Investment Limited ("LW") 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 C$2,000,000.

East Africa Metals Announces Related Party Loan

2017-09-01T20:22:10Z

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.

East Africa Metals receives final Mato Bula infill diamond drill program results, including 5.89 metres grading 53.32 grams per tonne gold

2017-08-14T07:15:00Z

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.

East Africa Announces Voting Results from Annual Meeting

2017-06-23T20:29:43Z

VANCOUVER, BC--(Marketwired - June 23, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC.

East Africa Metals completes Mato Bula infill diamond drill program, most recent intersections include 12.60 metres grading 12.59 grams per tonne gold, 0.66% copper, and 1.5 grams per tonne silver.

2017-05-29T07:05:00Z

VANCOUVER, BC--(Marketwired - May 29, 2017) - East Africa Metals Inc.(TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce newly received results from recently completed infill diamond drilling at the Adyabo Project, Mato Bula deposit in Ethiopia.

East Africa Metals Receives Approval of Mine Permit Application for Terakimti Oxide Gold Project

2017-05-11T07:15:00Z

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 Regional State of the Federal Democratic Republic of Ethiopia.

East Africa Grants Stock Options

2017-04-27T21:00:00Z

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.

East Africa Metals Intersects 20 metres grading 4.7 grams per tonne gold and 4.7 grams per tonne silver at Da Tambuk, continues intersecting high grade gold intervals during infill drilling in Ethiopia; identifies extension to mineralization at Mato Bula

2017-04-24T07:15:00Z

VANCOUVER, BC--(Marketwired - April 24, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") 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.

East Africa Metals Intersects 21.19 metres grading 4.32% copper, 1.04 grams per tonne gold, 35.9 grams per tonne silver, and 6.98% zinc at the Mayshehagne VMS prospect, continues both resource and exploration diamond drilling

2017-03-27T07:15:00Z

VANCOUVER, BC--(Marketwired - March 27, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) (or the "Company") 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 prospects are located near the EAM's Terakimti resource deposit. Drill intercepts continue to reflect very strong metal grades seen in previous drilling, and identifies the need for further delineation work on the VMS prospects.

East Africa Metals Closes $5.2 Million Non-Brokered Private Placement and Appoints Mr. Yongwen Wang to the Board of Directors

2017-03-07T21:15:00Z

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 Republic of Ethiopia.

East Africa Metals Provides Corporate Exploration Update

2017-02-22T21:15:00Z

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.

Terakimti Metallurgical Testwork Confirms Positive Leach Gold Extraction

2017-01-23T08:15:00Z

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.

East Africa Metals Announces Short Term Related Party Loan

2017-01-17T22:00:00Z

VANCOUVER, BC--(Marketwired - January 17, 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 $500,000 at an interest rate of 12% per annum. The loan and all accrued and unpaid interest (non-compounding) is payable upon the earlier of (a) 10 business days after the Company's closing of the $5,200,000 financing with Shandong Tyan Home Co., Ltd. (see news release dated January 9, 2017); or (b) 90 days from the Company's receipt of the loan proceeds. East Africa understands that the Shandong Tyan Home Co., Ltd financing is in its final regulatory approval process.

East Africa Provides Corporate Updates

2017-01-09T08:15:00Z

VANCOUVER, BC--(Marketwired - January 09, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to provide the following updates on the Company's activities:

2016

East Africa Metals provides Update on Financing

2016-12-12T08:30:00Z

VANCOUVER, BC--(Marketwired - December 12, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to provide an update on its previously announced financing (see news release, November 2, 2016).

East Africa Metals Arranges Financing to Advance Ethiopian Projects

2016-11-02T07:30:00Z

VANCOUVER, BC--(Marketwired - November 02, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce the signing of a Letter of Intent with Shandong Tyan Home Co., Ltd. (the "Purchaser" or "STH"), a listed public company of China, to provide equity finance to the Company. This Agreement will allow the Company to advance its exploration assets located in the Federal Republic of Ethiopia, including the Harvest, Adyabo and Terakimti Oxide Gold Projects.

East Africa Metals Provides Project Update for Magambazi: Test-Mining and Bulk-Sampling

2016-10-05T07:30:00Z

VANCOUVER, BC--(Marketwired - October 05, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") wishes to announce the Company's development partner, Tanzanian Goldfields Limited ("Tanzanian Goldfields" or the "Developer"), has advised East Africa development activity has been initiated at the Magambazi Project located in the Handeni region of the United Republic of Tanzania ("Tanzania").

East Africa Metals Announces SinoTech Elects to Exercise $805,000 in Warrants

2016-08-23T07:30:00Z

VANCOUVER, BC--(Marketwired - August 23, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to report that long time shareholder SinoTech (Hong Kong) Corporation Limited ("SinoTech") has elected to exercise 3,500,000 warrants at a price of $0.23 realizing $805,000 CDN for the Company. The exercise will bring SinoTech's total holdings to 37,788,062 or 32.1% of the Company. SinoTech is a private share company incorporated October 26, 2010, that has supported East Africa's advancement activities for a number of years.

East Africa Metals Files Mine Permit Application for the Terakimti Oxide Gold Project, Ethiopia

2016-08-11T07:30:00Z

VANCOUVER, BC--(Marketwired - August 11, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce the Company has filed the mine permitting application for the Terakimti Oxide Gold Project (the "Terakimti Project") at the Company's 70% owned Harvest Project located in the Tigray region of Ethiopia.

East Africa Metals' Magambazi Partner Engages Gareth Taylor as General Manager

2016-08-03T07:30:00Z

VANCOUVER, BC--(Marketwired - August 03, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to report that Tanzanian Goldfields Limited ("Tanzanian Goldfields"), the Company's partner in Tanzania and Developer of the Magambazi Project, has appointed Mr. Gareth Taylor as General Manager for Tanzanian Goldfields.

East Africa Metals Provides Update on On-Going Project Advancement

2016-07-13T07:30:00Z

VANCOUVER, BC--(Marketwired - July 13, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company" or "EAM") is pleased to report on an anticipated active Fall 2016 program on the development and exploration fronts, as the Company looks to address corporate objectives including; the completion of mine permitting, closing of project financing, and the initiation of development for the Terakimti Gold Oxide project, the anticipated startup of operations at Magambazi in Tanzania, and continued work to grow the resource base in Ethiopia through exploration and definition drilling.

East Africa Metals Provides Update on Metallurgical Testwork for the Terakimti Gold Project, Ethiopia

2016-07-05T07:30:00Z

VANCOUVER, BC --(Marketwired - July 05, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to report the initial results of ongoing column leaching test work for the Terakimti Gold Project in the Federal Republic of Ethiopia.

East Africa Metals Initiates Mine Permitting for Terakimti Oxide Gold Project, Ethiopia

2016-06-29T07:30:00Z

VANCOUVER, BC--(Marketwired - June 29, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce the Company has initiated the mine permitting process for the Terakimti Oxide Gold Project at the Company's 70% owned Harvest Project located in the Tigray region of Ethiopia.

East Africa Announces Voting Results From Annual Meeting

2016-06-24T20:00:00Z

VANCOUVER, BC--(Marketwired - June 24, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC.

East Africa Metals Reports on Metallurgical Testwork for the Terakimti Gold Project, Ethiopia

2016-06-22T09:55:18Z

VANCOUVER, BC--(Marketwired - June 22, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to report the initial results of ongoing independent metallurgical testwork for the Terakimti Gold Project in Ethiopia. The initial results are positive and support Management's view that industry standard heap leaching technology will be appropriate for the extraction of gold and silver at Terakimti.

East Africa Metals Announces a Resource Update for the Adyabo Project, Ethiopia

2016-06-14T10:00:00Z

VANCOUVER, BC--(Marketwired - June 14, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce an updated independent mineral resource estimate for the Adyabo Project in Ethiopia. The recent 40 x 40 metre spaced infill drill program strategically targeted on the core areas of Inferred Resource gold mineralization at Da Tambuk and Mato Bula (Figure 1). A total of 4,029 metres of diamond drilling in 31 holes was completed during the infill campaign.

East Africa Metals Closes $1 Million Non-Brokered Private Placement

2016-05-31T17:51:37Z

VANCOUVER, BC--(Marketwired - May 31, 2016) -

East Africa Metals Announces $1,000,000 Non-Brokered Private Placement

2016-05-18T01:28:20Z

East Africa Metals Announces Additions to Project Development Committee

2016-04-19T10:00:00Z

VANCOUVER, BC--(Marketwired - April 19, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") wishes to announce additions to the Company's Project Development Committee as the Company prepares to engage the detailed engineering studies and development plans for its Terakimti Gold Oxide Project in the Tigray Region of Ethiopia.

East Africa Metals Grants Stock Options and Bonus Shares

2016-03-25T03:00:43Z

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 24, 2016) - East Africa Metals Inc. (TSX VENTURE:EAM) (the "Company") has granted an aggregate of 1 million stock options to a director pursuant to the Company's Stock Option Plan. The options have an exercise price of $0.10 per share and an expiry date of March 23, 2021.

East Africa Metals Appoints Sean I. Waller, P.Eng to the Board of Directors

2016-03-15T10:00:00Z

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 15, 2016) - East Africa Metals Inc. (TSX VENTURE:EAM) ("East Africa" or the "Company") is pleased to announce the appointment of Sean I. Waller, P.Eng, to the Company's Board of Directors and Chairman of the Board's Project Development Committee.

East Africa Metals Executes Definitive Agreement for Development of Magambazi and Gold Stream Transaction

2016-03-07T11:00:00Z

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 7, 2016) - East Africa Metals Inc. (TSX VENTURE:EAM) ("East Africa" or the "Company") wishes to announce that, further to the news release dated October 27, 2015 and December 10, 2015, the Company has completed the execution of the Definitive Agreement with an arm's length private exploration and development company (the "Developer") to develop East Africa's Magambazi project in Tanzania.

East Africa Metals Acquires 100% of Adyabo Project in Ethiopia

2016-02-01T11:00:00Z

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2016) - East Africa Metals Inc. (TSX VENTURE:EAM) ("East Africa" or the "Company") is pleased to announce that the Company has received confirmation from the holder of a 20% participating interest on the Adyabo property that it wishes to convert its 20% interest to a 2% net smelter return ("NSR") royalty. The Company has the option to buy back 1.0% of the NSR for a cash payment of C$5,000,000. Upon execution of an NSR agreement, the Company will hold a 100% undivided interest in the Adyabo property, subject to the 2% NSR.

East Africa Metals Grants Stock Options

2016-01-15T23:35:08Z

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 15, 2016) - East Africa Metals Inc. (TSX VENTURE:EAM) (the "Company") has granted an aggregate of 11 million stock options to certain directors, officers, employees and consultants pursuant to the Company's Stock Option Plan. The options have an exercise price of $0.10 per share and an expiry date of January 15, 2021.

East Africa Metals Provides an Update on Infill Diamond Drilling at the Mato Bula Deposit, Adyabo Project, Ethiopia

2016-01-11T11:00:00Z

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 11, 2016) - East Africa Metals Inc. (TSX VENTURE:EAM) ("East Africa" or the "Company") is pleased to provide an update on the 40 x 40 metre spaced infill diamond drilling program at the Mato Bula Silica Hill Deposit, being conducted to upgrade and further define the present resource (refer to East Africa's news release dated May 5, 2015). Results for 16 drill holes, totaling 2,265 metres, have been received, and will assist in further refining the definition of the mineralization. The Mato Bula Silica Hill system remains open to depth.

East Africa Metals Retracts Stock Options

2016-01-06T02:13:34Z

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 5, 2016) - East Africa Metals Inc. (TSX VENTURE:EAM) (the "Company") would like to retract its news release dated December 30, 2015, announcing the grant of 11 million stock options to certain directors, officers, employees and consultants, and such options will not be issued.

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East Africa Metals – In the News

East Africa Metals Announces Change in Financial Year End

February 23, 2023/in In the News

Vancouver, British Columbia – February 23, 2023 – East Africa Metals Inc. (TSX-V: EAM) (“East Africa” or the “Company”) 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.

International Explorer’s Passion, Ability and Concern for Community Win Accolades from All Sides

January 25, 2021/in In the News

VANCOUVER, British Columbia, Monday, January 27, 2021 — East Africa Metals Inc. (TSX-V: EAM – “East Africa” or the “Company”) president and CEO Andrew Lee Smith is a professional geologist with 30 years of experience exploring, developing, and operating African and North American base and precious metals mining projects. He holds an Honours BSc in Earth Sciences from the […]

Ethiopia Gets Investors For Adyabo Metal Project

July 5, 2019/in In the News

East Africa Metals has executed a definitive share purchase agreement and joint venture contract with Silk Road Resources Investments Co Limited for development and operation of the Adyabo project’s Mato Bula and Da Tambuk deposits in the Federal Republic of Ethiopia. Silk Road Investments is a wholly-owned subsidiary of Tibet Huayu Mining Co Limited (THM). East […]

Ethiopia ministry grants mining agreements for two gold projects

January 26, 2019/in In the News

Published by Mining Review Africa The Ministry of Mines and Petroleum has approved the mining agreements for TSXV-listed East Africa Metals East Africa’s 100% owned Mato Bula and Da Tambuk gold projects located in the Tigray National Regional State of Ethiopia. The final step in the mining licence process is the formal ratification of the mining agreements […]

East Africa Metals mine permit approved for Ethiopian gold projects

September 9, 2018/in In the News

Published by Mining Review Africa East Africa Metals has received Draft Model Agreements (DMAs) from the Ministry of Mines, Petroleum and Natural Gas for the company’s Mato Bula and Da Tambuk projects. The Mato Bula and Da Tambuk projects are located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia. The delivery of […]

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