East Africa Metals Inc.
Secures $5.5M Funding; Fully Funded Path to Production
Published: 6/27/2025
Author: FRC Analysts

Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:EAM.V - NEO 🔹EFRMF - NASDAQ 🔹
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $0.13 |
Fair Value | CAD $0.3 |
Risk | 5 |
52 Week Range | CAD $0.09-0.29 |
Shares O/S (M) | 269 |
Market Cap. (M) | CAD $35 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 2.5 |
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Report Highlights
- East Africa Metals (EAM) recently closed a $5.5M equity financing with Anchises Capital Precious Metal Fund, a San Francisco–based Chinese family trust with investments in African mining ventures. With this transaction, Anchises now owns 19.9% of EAM’s equity. This financing marks renewed activity for EAM, which had been relatively inactive in recent years.
- Mining and exploration in Ethiopia have been mostly inactive in recent years due to a regional conflict from 2020 to 2023. Despite stabilization, operations remain largely suspended due to unresolved disputes over mining rights between federal and regional governments, causing regulatory delays. While no specific timeline exists for resolution, we believe settling these issues is critical to unlocking Ethiopia’s untapped gold potential.
- EAM’s portfolio includes three advanced-stage projects: Adyabo and Harvest in Ethiopia, and Handeni in Tanzania. Based on existing NI 43-101 compliant resource estimates, we estim