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East Africa Metals Secures License Extensions and Advances Ethiopian Projects Amid Regional Developments

Story Highlights
  • East Africa Metals secures a four-year extension for its Ethiopian mining licenses.
  • The company extends its marketing agreement with BullVestor for European investor outreach.
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East Africa Metals Secures License Extensions and Advances Ethiopian Projects Amid Regional Developments

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East Africa Metals ( (TSE:EAM) ) has issued an announcement.

East Africa Metals Inc. has announced significant updates regarding its Ethiopian gold projects, including a four-year extension of its Adyabo and Harvest mining licenses until 2028. The company reports positive developments in the Tigray region, with renewed engagement from the Tigray Mines and Energy Agency and a focus on economic revitalization and infrastructure rehabilitation. These developments are expected to enhance the company’s ability to advance its assets in the region. Additionally, East Africa Metals has extended its marketing agreement with BullVestor Medien GmBH to continue digital marketing efforts aimed at investors in Europe.

More about East Africa Metals

East Africa Metals Inc. is a company engaged in the exploration and development of mineral resources, with a focus on gold and polymetallic projects in East Africa. The company’s principal assets include a 30% Net Profits Interest in the Mato Bula and Da Tambuk mines in Ethiopia’s Tigray Region, a 70% interest in the Harvest polymetallic VMS Exploration Project, and a 30% Net Streaming Interest in the Magambazi Mine in Tanzania.

Average Trading Volume: 60,677

Technical Sentiment Signal: Hold

Current Market Cap: C$25.08M

For detailed information about EAM stock, go to TipRanks’ Stock Analysis page.

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