Zijin Mining to acquire majority stake in East Africa Metals' Harvest Project

East Africa Metals reached a non-binding letter of intent with Zijin Mining for Zijin to acquire a 55% interest in the Harvest Project in Ethiopia for a cash payment of US$900,000, and to fund development and operation of the Terakimti Oxide Mine.

“Zijin will acquire 55% interest in the Harvest Project by making a cash payment of US$900,000, developing and operating the Terakimti Oxide Mine and funding 100% of TEHI's obligations related to the development and operation of the Harvest Project.”br.advfn.com

• 1 source
• br.advfn.comEast Africa Metals and Zijin Mining agree to Harvest Project acquisitionPR Newswire (CanadaJul 23, 2021

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