African Energy Metals Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jack Stephen Barley
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 750 West Pender Street Vancouver BC Canada V6C 2I7
- IPO Date
- Aug 7, 2014
- Website
- africanenergymetals.com
- Similar Companies
- Business
- African Energy Metals Inc. (TSXV: CUCO.H; OTCQB: NDENF; FSE: BC21) is a natural resource company focused on the acquisition, exploration, development, and operation of precious metal mining projects. The company targets advanced silver-gold properties, including the Niñobamba silver-gold project in Peru, which features extensive historical drilling and technical data from prior operators such as Rio Silver, Newmont, AngloGold, Bear Creek, and Southern Peru Copper; it also maintains interests in copper, cobalt, lithium, and other energy metals projects in the Democratic Republic of Congo, such as concessions in the South Kivu region prospective for cassiterite, tungsten, coltan, lithium, beryllium, gold, and rare earths. Founded in 2007 and headquartered in Vancouver, British Columbia, Canada, African Energy Metals operates primarily in Peru and the DRC, serving mining investors and stakeholders in supportive jurisdictions. In January 2025, the company enters an option agreement with Rio Silver Inc. to acquire a 100% interest in the Niñobamba project through staged cash payments totaling up to US$2 million—including CAD$260,000 in the first year and US$500,000 in advance royalty payments—plus share issuances and a 2% net smelter return royalty (with a 1% buyback option for US$1 million); this transformational deal supports a shift to precious metals emphasis in Peru. Concurrently, African Energy Metals plans a name change to Magma Silver Corp. upon closing the acquisition and TSXV reactivation from NEX to Tier 2, subject to financing a CAD$1 million private placement of 10 million units at CAD$0.10 each and regulatory approvals. In March 2025, it files an NI 43-101 technical report on Niñobamba (effective January 21, 2025), advances exploration programs, and amends private placements to fund project closing and preliminary work, while granting incentive stock options to directors, officers, and employees.
Magma Silver Niñobamba Phase 1 Work Program Returns Significant Results Including 14.56g/mt Au and 10.59 oz/mt Ag
Magma Silver Launches AGORACOM Cashless AI Marketing Program and Verified Discussion Forum
Magma Silver Commences Q3 Work Program and Announces Near-Term Catalysts
Magma Silver Q3 Drilling Preparation Work Program
Magma Silver Adds to Peru Operations Team
Magma Silver Announces Peru Operations Team
Magma Silver Peru Silver Gold Project Update
Magma Silver Announces Trading on OTCQB
Magma Silver Announces Marketing Agreement
Magma Silver Announces Consulting Services Agreement
Magma Silver Announces Consulting Services Agreement
Magma Silver Announces Marketing Agreement
Magma Silver Closes Fully Subscribed Second Tranche of Private Placement
Magma Silver Announces Marketing Agreements
Magma Silver Appoints Townsend as a Director and Amends Stock Options
African Energy Metals Amends Private Placement
African Energy Metals Files NI-43-101 Report on Ninobamba
African Energy Metals Obtains TSXV Conditional Approval
African Energy Metals Amends Private Placement and Provides an Update
African Energy Metals Announces Option Agreement to Acquire a 100% Interest in Ninobamba Advanced Silver Gold Project in Peru and Private Placement