East Africa Metals Inc.
EFRMF
Other OTC0.05
USD
- -
- -
ISIN
CA2704101039
CUSIP
270410103
Return %
Stock
S&P500
1Y
-18.57
26.53
3Y
354.55
76.60
5Y
-81.08
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Andrew Lee Smith
- Full Time Employees
- 8
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 777 Dunsmuir Street Vancouver BC Canada V7Y 1K4
- IPO Date
- Sep 30, 2014
- Website
- eastafricametals.com
- Similar Companies
- Business
- East Africa Metals Inc is a mineral exploration and development company focused on the acquisition, exploration, and advancement of base and precious metal resource properties in East Africa, primarily in Ethiopia and Tanzania. Its core assets include the Harvest polymetallic VMS exploration project in the Tigray region of Ethiopia, where it holds a 70% project interest, and the Adyabo gold property, consisting of the Mato Bula and Da Tambuk gold mines with a 30% net profits interest. In Tanzania, the company holds interests in the Magambazi gold mine and the Handeni gold project in the Tanga region. Products and services revolve around mineral property exploration, mine development, and advancement toward production with a focus on gold and polymetallic mineral resources including copper and cobalt. East Africa Metals operates primarily in Tanzania and Ethiopia, with corporate headquarters in Vancouver, British Columbia, Canada, and was founded to leverage exploration opportunities in mineral-rich East Africa. Recent major changes include a binding Memorandum of Understanding (MOU) signed in 2025 with Ubora Minerals Company Limited to acquire and advance development of the Magambazi and Handeni mining projects in Tanzania, superseding a prior agreement with PMM Mining Company Limited which faced compliance issues. The agreement marks a strategic shift aimed at reactivating mining operations and progressing formal mine development. Additionally, the company's strategic partner in Ethiopia, Tibet Huayu, continues to fund mine planning and pre-development activities at fully permitted Mato Bula and Da Tambuk deposits, advancing the projects toward production. East Africa Metals has also engaged drilling contractors to push exploration programs such as the Mato Bula Extension drill program in Ethiopia to expand resource potential. These initiatives reflect an active phase aimed at moving from exploration into operational mining, supported by external partnerships and clearer regulatory paths in the region. East Africa Metals trades on the TSX Venture Exchange under the symbol EAM, with additional listings on Frankfurt (EA1) and OTC Pink (EFRMF). Its business model focuses on project generation, exploration, and transitioning assets to cash flow-producing mines within the East African mineral sector landscape, targeting global investors interested in precious and base metal resource development in emerging African markets.
East Africa Metals Provides Update on Magambazi Project, Tanzania
East Africa Metals Inc. Announces MOU for the Development of the Magambazi/Handeni Mining Project in Tanzania
East Africa Metals Provides Update on Ethiopia Projects and Regional Developments
East Africa Metals Appoints New Director
East Africa Metals Announces Non-Brokered Private Placement