African Energy Metals Inc. (NDENF)
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African Energy Metals Amends Private Placement and Provides an Update
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - African Energy Metals Inc. (TSXV: CUCO.H) (FSE: BC2) (WKN: A3DEJG) ("African Energy Metals" or the "Company") announces it has amended the terms of its previously announced private placement and provides an update on various matters announced in the Company's news release dated January 21, 2025 relating to the acquisition of a 100% interest in the advanced stage Niñobamba silver gold project ("Niñobamba Project") in Peru. Stephen Barley, Executive Chairman of African Energy Metals states: "We are pleased to advise of our progress on the acquisition of the Niñobamba Project and the appointment of Michael Townsend and Jeffrey J.
African Energy Metals Announces Option Agreement to Acquire a 100% Interest in Ninobamba Advanced Silver Gold Project in Peru and Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - African Energy Metals Inc. (TSXV: CUCO.H) (FSE: BC2) (WKN: A3DEJG) ("African Energy Metals" or the "Company") is pleased to announce that it has entered an option agreement with Rio Silver Inc. (TSXV: RYO) ("Rio Silver") (the "Option Agreement") for African Energy Metals to earn a 100% interest in Rio Silver's Niñobamba advanced silver gold project (the "Project") located in the Department of Ayacucho 500 kms southwest of Lima, Peru. Highlights: Over US$10m has been spent in prior exploration activities by majors such as Newmont, Anglogold, Bear Creek and Southern Peru Copper.
Rio Silver Inc. Announces Option Agreement to Sell a 100% Interest in Niñobamba Advanced Gold Silver Project in Peru to African Energy Metals
VANCOUVER, British Columbia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (TSXV:RYO) (“Rio Silver”) and African Energy Metals Inc. (NEX: CUCO.H; FSE: BC2; WKN: A3DEJG) (“African Energy Metals”) jointly announce they have entered into an option agreement for African Energy Metals (the “Option Agreement”) to earn an 100% undivided interest in the Niñobamba advanced gold silver project (the “Project”) located in the Department of Ayacucho in South Central Peru.
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African Energy Metals Inc. Profile
| Other Industrial Metals & Mining Industry | Basic Materials Sector | Mr. Jack Stephen Barley B.Com., L.L.B. CEO | OTC PINK Exchange | - ISIN |
| US Country | - Employees | - Last Dividend | 10 Apr 2023 Last Split | - IPO Date |
Overview
African Energy Metals Inc. stands as a notable entity in the realm of natural resources, concentrating its efforts on the acquisition, development, and exploration of mineral properties primarily within the Democratic Republic of Congo (DRC). The company meticulously explores a diverse array of metals including lithium, tin, tantalum, rare earths, uranium, silver, and copper. Originally operating under the name Central African Gold Inc., it underwent a strategic rebranding in February 2022 to African Energy Metals Inc., reflecting its broadened focus beyond just gold. With its headquarters based in Vancouver, Canada, African Energy Metals Inc. has positioned itself as a significant player in the exploration and development of critical and strategic metals in the African continent.
Products and Services
African Energy Metals Inc. offers a robust portfolio of exploration and potential development projects across several critical and strategic metals:
- Lithium, Tin, Tantalum, Rare Earths, Uranium, Silver, and Copper Exploration: The company is actively involved in the exploration of these valuable metals within the Democratic Republic of Congo (DRC). This diversification exemplifies the company's commitment to tapping into the burgeoning market for minerals crucial in various industrial applications, including electronics, clean energy technologies, and more.
- Manono Project: This project, spanning an area of 30 Kms² in the Manono region, signifies a central piece of African Energy Metals Inc.'s portfolio. The Manono Project showcases the company's strategic direction, emphasizing the exploration of lithium and associated minerals in a region famed for its rich mineral deposits.
- Falea Project in Mali, West Africa: Expanding its geographical footprint, African Energy Metals Inc. also embarks on the Falea project located in Mali. This West African venture underscores the company's commitment to exploring uranium, among other metals, further diversifying its mineral exploration endeavors beyond the DRC.
- Concessions in Kalehe Territory, South Kivu: Possessing 200 Kms² of concessions in the Kalehe Territory situates the company in a vantage point within South Kivu. This area, known for its vast mineral wealth, allows African Energy Metals Inc. to explore additional avenues for lithium, copper, and other strategic metals vital for global markets.
- Mink Narrows Project in Manitoba: Via an option agreement aiming for a 100% interest acquisition, the Mink Narrows project in Manitoba represents the company's venture into Canada. This project diversifies its exploration activities outside Africa, highlighting its global exploration aspirations particularly in seeking valuable mineral deposits in the southeast of Flin Flon, Manitoba.
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