Breaking News: African Energy Metals Receives Conditional Approval from TSXV!
Vancouver, British Columbia–(Newsfile Corp. – February 27, 2025)
African Energy Metals Inc. (TSXV: CUCO.H) (FSE: BC2) (WKN: A3DEJG) (“African Energy Metals” or the “Company”) is pleased to announce that the Company’s proposed reactivation from NEX 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, has been conditionally accepted by Exchange. Final approval of the Reactivation is subject to, among other things: (i) closing of the Company’s previously announced $1,000,000 private placement financing; (ii) payment of the Exchange’s fees; and (iii) Exchange acceptance of the Company’s NI-43-101 technical report respecting the Project.
As African Energy Metals moves forward with the reactivation process, this news signifies a significant milestone for the Company and its stakeholders. The potential acquisition of the Niñobamba project in Peru holds promising opportunities for the Company’s growth and expansion in the precious metals sector.
How This News Will Affect You
For investors and shareholders of African Energy Metals, the conditional approval from TSXV signals a positive development in the Company’s trajectory. The reactivation to Tier 2 status on the Exchange opens up new avenues for investment and potential returns, as the Company advances its operations in Peru.
How This News Will Affect the World
The reactivation of African Energy Metals and its acquisition of the Niñobamba project in Peru can have broader implications for the global precious metals market. With the potential development of a new silver-gold project, the Company’s presence in the market may contribute to shaping supply dynamics and market trends in the precious metals sector.
Conclusion
In conclusion, the conditional approval from TSXV for African Energy Metals’ reactivation and proposed acquisition of the Niñobamba project marks an important step in the Company’s growth strategy. As the Company moves towards final approval and implementation of the project, the impact of this news both on individuals and the broader market is significant and poised to create ripples in the precious metals industry.
