TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.