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East Africa Metals Inc. Stock AnalysisComprehensive stock analysis for East Africa Metals Inc. (EAM.V) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisEAM.V
EAM.V
East Africa Metals Inc.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
EAM.V
Home🔹Stocks🔹East Africa Metals Inc.

East Africa Metals Inc.

FRC Coverage
🇨🇦EAM.V•TSXV

East Africa Metals Inc.

FRC Coverage
🇨🇦EAM.V•TSXV
Sentiment

Your view on EAM.V

Sentiment
Your view
EAM.V
East Africa Metals Inc.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
EAM.V
Company Overview

Overview

What the company does, where it operates, and who runs it.

*East Africa Metals Inc. has paid FRC a fee for research coverage and distribution of reports.

About East Africa Metals Inc.

Industry
Industrial Materials
Sector
Basic Materials
CEO
Andrew Lee Smith
Headquarters
777 Dunsmuir Street, Vancouver, BC, CA
Industry
Industrial Materials
Sector
Basic Materials
CEO
Andrew Lee Smith
Headquarters
777 Dunsmuir Street, Vancouver, BC, CA
Description

East Africa Metals Inc., a mineral exploration company, focuses on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia and the United Republic of Tanzania. It primarily explores for gold, copper, silver, and zinc deposits.

The company’s principal assets and interests include a 70% interest in the Harvest property, as well as a 100% interest in the Adyabo project, comprising two exploration licenses covering 195 square kilometers situated in the Arabian Nubian Shield in northern Ethiopia, and an interest in the Handeni property, comprising two mining licenses covering 9.

9 square kilometers and a contiguous mining license totaling approximately 83.5 square kilometers located in northeastern Tanzania.

FRC Research
Buy
Fair Value Estimate
CAD$0.30

Secures $5.5M Funding; Fully Funded Path to Production

Report · Jun 26, 2025

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FRC Research
Buy
Fair Value Estimate
CAD$0.30

Secures $5.5M Funding; Fully Funded Path to Production

Report · Jun 26, 2025

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Past Reports

Historical coverage archive.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for East Africa Metals Inc., and the rating behind it. EAM.V last traded at C$0.09; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for East Africa Metals Inc.. Starting points for East Africa Metals Inc.: EPS -C$0.06, beta 0.67 — an Industrial Materials name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for East Africa Metals Inc.. East Africa Metals Inc. does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for East Africa Metals Inc.. Trailing twelve-month EPS for East Africa Metals Inc. stands at -C$0.06. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for East Africa Metals Inc.. East Africa Metals Inc. has reported as a listed company since 2014. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

East Africa Metals Inc. valued side by side against its closest peers. East Africa Metals Inc. is measured against Industrial Materials peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold East Africa Metals Inc., and how their positions are changing. At a C$23.8M market value, institutional positions materially move East Africa Metals Inc.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by East Africa Metals Inc. executives and directors. Shares of East Africa Metals Inc. have traded between C$0.06 and C$0.11 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming East Africa Metals Inc.. East Africa Metals Inc. is a C$23.8M Basic Materials company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming East Africa Metals Inc.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for East Africa Metals Inc.. Coverage tracks East Africa Metals Inc. within Industrial Materials (Basic Materials). Press releases and market coverage, newest first.

Peer companies

  • AAN.V — Aton Resources Inc.
  • ATY.V — Atico Mining Corporation
  • AZT.V — Aztec Minerals Corp.
  • BKI.TO — Black Iron Inc.
  • GSP.V — Gensource Potash Corporation
  • MN.V — Manganese X Energy Corp.
  • QZM.V — Quartz Mountain Resources Ltd.

More Industrial Materials companies

  • GSSRF — Gossan Resources Limited
  • GT.V — GT Resources Inc.
  • GT1.AX — Green Technology Metals Limited
  • GTE.AX — Great Western Exploration Limited
  • GTMLF — Green Technology Metals Limited
  • GW1.AX — Greenwing Resources Ltd
  • GWMGF — Great Western Minerals Group Ltd.
  • GWRRF — EnGold Mines Ltd.
  • GYSLF — Eco Oro Minerals Corp.
  • GZD.V — Grizzly Discoveries Inc.
  • GZDIF — Grizzly Discoveries Inc.
  • HANCF — Hanstone Gold Corp.

Research Reports

1 report

*East Africa Metals Inc. has paid FRC a fee for research coverage and distribution of reports.

Jun 26, 2025

Secures $5.5M Funding; Fully Funded Path to Production

East Africa Metals (EAM) recently closed a $5.5M equity financing with Anchises Capital Precious Metal Fund,

Thumbnail for Secures $5.5M Funding; Fully Funded Path to Production
2 reports
Sep 22, 2021

Attracts Partners to Fully Fund Its Projects – Resuming Coverage

PDF
Apr 18, 2018

Receives Mining License in Ethiopia - Initiating Coverage

PDF
6 notes

*East Africa Metals Inc. has paid FRC a fee for research coverage and distribution of reports.

Aug 18, 2025·1y agoLatest
Company Announcement
Attracts a new partner for the development of the Magambazi/Handeni gold project in Tanzania
FRC Analyst's Comment
Positive – EAM’s new investor, Anchises Capital Precious Metal Fund, a San Francisco–based Chinese family trust with mining investments in Africa, has agreed to advance development of the Magambazi/Handeni project. Earlier this year, Anchises invested $5.5M in EAM, acquiring a 19.9% equity stake. The project’s mining license was suspended in 2024 due to non-compliance by the operator, PMM Mining Company, which holds 100% ownership. EAM retains a 30% gold streaming interest. As noted in our June report, the Tanzanian government and EAM had been seeking a replacement partner for PMM. Anchises will pay EAM US$1M upon signing a definitive agreement and assume PMM’s interest, with the goal of bringing the project into production within four years. This is a positive development for EAM. Due to uncertainties and PMM’s performance issues, we had previously assigned no value to EAM’s interest in Magambazi/Handeni. Anchises’ involvement brings the project back on track, enhancing EAM’s potential to monetize this asset.
Aug 18, 20251y agoLatest
Jun 9, 2025·1y ago
Company Announcement
Announces a $5.5M equity financing
FRC Analyst's Comment
After an extended period of inactivity, we are pleased to see the company announce a strategic financing from an unnamed investor. Funds will be used to advance its gold projects in Ethiopia and Tanzania. Upon closing, we anticipate management will provide a clearer roadmap for these assets, offering improved visibility into their forward strategy.
Jun 9, 20251y ago
Jul 29, 2024·2y ago
Company Announcement
Attracts a new partner for the development of the Magambazi/Handeni mining project (Tanzania)
FRC Analyst's Comment
Positive - EAM has secured interest from a Hong Kong-based mining and investment company to potentially form a joint venture aimed at advancing EAM’s gold projects in Tanzania toward production. Meanwhile, at its flagship projects in Ethiopia, partner Tibet Huaya Mining (SHSE: 601020) has begun acquiring the heavy equipment needed for construction. Tibet Huaya is financing the project up to production, with EAM retaining a 30% carried interest.
Jul 29, 20242y ago
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