East Africa Metals (TSE:EAM) has released an update. 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.

Source: Ethiopian News June 07, 2024 21:43 UTC