Currently viewing Global edition

East Africa closes deal to develop Ethiopia projects

East Africa Metals (TSXV: EAM) says it has closed a transaction with Tibet Huayu Mining which will see the China-based company acquire 70% of EAM’s Adyabo project in Ethiopia and fund its development.

East Africa closes deal to develop Ethiopia projects East Africa closes deal to develop Ethiopia projects East Africa closes deal to develop Ethiopia projects East Africa closes deal to develop Ethiopia projects East Africa closes deal to develop Ethiopia projects

Deal secures development of East Africa Metals’ Adyabo but not Harvest project in Ethiopia

However the pair have terminated the letter of intent relating to EAM's nearby majority-owned Harvest project containing the Terakimti gold heap leach project.