Vancouver, British Columbia–(Newsfile Corp. – March 6, 2025) – African Energy Metals Inc. (NEX: CUCO.H) (FSE: BC2) (WKN: A3DEJG) (“African Energy Metals” or the “Company“) announces the TSXV has accepted for filing its National Instrument 43-101 technical report (the “Report“) on the Niñobamba silver-gold project, prepared by James A. McCrea, P. Geo. with an effective date of January 21, 2025. The Report is now available for review on SEDAR+ (www.sedarplus.ca).
The Report is part of the Company’s reactivation from NEX board to Tier 2 (the “Reactivation“) of the TSX Venture Exchange (the “Exchange“), in connection with the Company’s option agreement dated January 20, 2025, with Rio Silver Inc. to acquire a 100% interest in the Niñobamba advanced silver gold project (the “Project“) located in Peru. The TSXV has provided conditional acceptance of the Reactivation subject to, among other things, the closing of the Company’s previously announced $1,000,000 private placement financing and payment of the Exchange’s fees.
About African Energy Metals
African Energy Metals is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus will be on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact African Energy Metals:
Stephen Barley, Executive Chairman
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@africanenergymetals.com
Website: www.africanenergymetals.com
Reader Advisory
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This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information.
Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in African Energy Metals’ periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward- looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.
