East Africa Metals (TSE:EAM) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
East Africa Metals Inc., in partnership with Tibet Huayu Mining Co., Ltd., is moving forward with mine development projects in Ethiopia after securing extensions for their Mato Bula, Da Tambuk, and Terakimti projects. The company has engaged with local communities to gain support and is arranging compensation for those affected by the developments. Funding for the Adyabo Project, which promises strong economic potential, will be fully covered by Tibet Huayu, holding a 70% stake with East Africa Metals at 30%.
For further insights into TSE:EAM stock, check out TipRanks’ Stock Analysis page.