East Africa Metals Strengthens Board with New Director Appointment

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

East Africa Metals has appointed Mr. Gang Chen as a new director, following a significant investment by Anchises Capital Precious Metal Fund LLC. Mr. Chen’s extensive experience in African mine development and strategic negotiations is expected to enhance the company’s board capabilities and support its strategic initiatives, potentially increasing shareholder value.

More about East Africa Metals

East Africa Metals is a mining company with key assets including a 30% Net Profits Interest in the Mato Bula and Da Tambuk mines in Ethiopia, and a 70% project interest in the Harvest polymetallic VMS Exploration Project also in Ethiopia. Additionally, the company holds a 30% Net Streaming Interest in the Magambazi Mine in Tanzania. Since 2005, East Africa Metals has invested US$66.8 million in African exploration, identifying 2.8 million ounces of gold and gold-equivalent resources.

Average Trading Volume: 62,207

Technical Sentiment Signal: Hold

Current Market Cap: C$23.99M

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