East Africa Metals Inc. (EAM) Financings
TSXV: EAM · Gold · Advanced Exploration stage
- Market cap$21.5M
- Share price$0.080
- 52-week range$0.065 – $0.140
- Shares outstanding268,973,569
- ExchangeTSXV
- Websitewww.eastafricametals.com
East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and/or sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's major mineral properties consist of one project in Ethiopia, the Harvest Project, one project in Tanzania, the Handeni and Other Properties. Its geographical segments include Canada, British Virgin Islands, Tanzania, and Ethiopia. It has one reportable segment being Exploration and Development of Mineral Properties.
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East Africa Metals Inc. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 29, 2016 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,587,633 | C$287,528 | C$76,870 | C$347,285 | C$2,234,600 |
| Total current assets | C$6,308,655* | C$18,885,088 | C$17,990,440 | C$18,089,012 | C$17,125,665 |
| Total current liabilities | — | C$7,073,010 | C$6,369,971 | C$5,145,520 | C$4,707,856 |
| Working capital | — | C$11,812,078 | C$11,620,469 | C$12,943,492 | C$12,417,809 |
| Exploration and evaluation assets | — | C$18,748,733 | C$17,669,794 | C$17,647,625 | C$16,532,668 |
| Property, plant and equipment | C$3,736 | C$1,059 | C$731 | C$0 | C$94,446 |
| Total assets | C$6,382,086 | C$23,967,904 | C$22,711,505 | C$23,500,681 | C$24,717,292 |
| Debt | C$0 | C$749,256 | C$667,723 | C$596,754 | C$519,781 |
| Total liabilities | C$4,495,505 | — | — | — | — |
| Shareholders' equity | — | C$13,097,125 | C$12,815,272 | C$14,789,245 | C$16,633,491 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | C$745,114 | C$648,625 | C$1,278,068 | C$741,115 |
| General and administrative | C$489,226 | C$861,000 | C$952,856 | C$1,179,352 | C$813,360 |
| Share-based compensation | C$1,397,026 | C$77,547 | C$968,858 | C$0 | C$769,991 |
| Impairments and write-downs | (C$17,954,840) | — | — | — | — |
| Net income (loss) | (C$21,212,518) | (C$2,349,254) | (C$3,155,754) | (C$2,962,524) | (C$3,159,403) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$3,325,733)* | (C$1,265,907)* | (C$670,491)* | — | — |
| Investing cash flow | — | (C$46,281)* | C$350,076* | — | — |
| Financing cash flow | C$4,720,856* | C$1,522,846* | C$50,000* | — | — |
| Property, plant and equipment spending | — | (C$1,957) | (C$835) | — | — |
| Proceeds from share issues | — | C$1,462,846 | C$50,000 | — | — |
| Change in cash | C$1,300,105 | C$210,658 | (C$270,415) | (C$1,887,315) | C$2,052,416 |
| Cash at end of period | C$1,587,633 | C$287,528 | C$76,870 | C$347,285 | C$2,234,600 |
* Calculated from the statement's own lines: the company did not print this total with a label.
East Africa Metals Inc. financings
3 financings announced or closed by East Africa Metals Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-06-04 | East Africa Metals Inc. (EAM) | Private placement, non-brokered | Closed, 1 tranche | $5.5M | $0.110 | East Africa Metals Announces Non - Brokered Private Placement |
| 2025-01-10 | East Africa Metals Inc. (EAM) | Private placement, non-brokered | Closed, 1 tranche | $500K | $0.150 | East Africa Metals Announces Closing of Non - Brokered Private Placement |
| 2024-03-04 | East Africa Metals Inc. (EAM) | Private placement, non-brokered | Closed, 2 tranches | $1.1M | $0.100 | East Africa Metals Appoints Hein Poulus as Advisor and Closes First Tranche Private Placement |