East Africa Metals Inc. (V:EAM)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 777 Dunsmuir Street, 17th Floor VANCOUVER BC V7Y 1K4 |
| Tel: | N/A |
| Website: | https://eastafricametals.com |
| IR: | See website |
| Key People | ||
| Andrew Lee Smith President, Chief Executive Officer, Director | Jacqueline Tucker Chief Financial Officer | |
| Business Overview |
| East Africa Metals Inc. is a Canada-based mineral exploration company. The Company is focused on the identification, acquisition, exploration, development and/or sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia (Ethiopia) and the United Republic of Tanzania (Tanzania). The Company's mineral property interest consists of one project in Ethiopia, the Harvest Property. Additionally, the Company holds a 30% equity interest in Tigray Resources Incorporated PLC, which has one project in Ethiopia, the Adyabo Property. The Adyabo Project covers 195.5 square kilometers (km2) west of East Africa Metals' Harvest Project and is located in an under explored part of the Arabian-Nubian Shield in Northern Ethiopia. The Harvest Project is 600 kilometers north of Ethiopia's capital of Addis Ababa. It's located in the Asmara Mineral Belt in the southern part of the Arabian Nubian Shield (ANS). |
| Financial Overview |
| For the nine months ended 31 December 2023, East Africa Metals Inc revenues was not reported. Net loss applicable to common stockholders increased 33% to C$1.7M. Higher net loss reflects Share-based compensation increase from C$0K to C$228K (expense), Foreign Exchange Gain/LossNon-Business decrease of 87% to C$25K (income), Equity Earnings -Before Taxes increase from C$31K to C$76K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $23.70M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.81M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.72M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.62M as of Dec 31, 2023 |
| Shares outstanding: | 204,780,236 as of Mar 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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