African Energy Metals Announces Extension on Mali Acquisition Agreement

African Energy Metals Announces Extension on Mali Acquisition Agreement

African Energy Metals Inc. (TSXV: CUCO) (FSE: BC2) (OTCQB: NDENF) (WKN: A3DEJG) ("African Energy Metals" or the "Company") is pleased to announce the Company and GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx") have agreed to extend the outside date of the share purchase agreement announced on January 18, 2023 from March 15, 2023 to April 14, 2023. The extension provides for additional time to obtain documents required to comply with the TSXV filing requirements including updated technical reports.

About African Energy Metals

African Energy Metals is a natural resource company with a focus on the acquisition, exploration, development, and operation of uranium, copper, cobalt, and lithium energy metals projects in Africa. African Energy Metals has the intention of acquiring interests in additional concessions or relinquishing concessions in the normal course of business. African Energy Metals has an experienced management team located in the DRC.

For further information, please contact:
Stephen Barley, Executive Chairman
Phone: +1-604-428-7050
Email: info@africanenergymetals.com
Website: www.africanenergymetals.com

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

Forward-looking statements include those in relation to African Energy Metals' ability to acquire additional interests in concessions or relinquishing concessions in the normal course of business both in and outside of the DRC and in relation to satisfying TSXV requirements in connection with the acquisition. Although African Energy Metals believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can't make any assurances that its expectations will be achieved. Such assumptions may prove incorrect.

Factors that could cause actual results to differ materially from expectations include (i) potential delays due to COVID-19 restrictions; (ii) the failure of African Energy Metals' projects, for technical, logistical, labour-relations, or other reasons; (iii) a decrease in the price of minerals below what is necessary to sustain the African Energy Metals' operations; (iv) an increase in the cooperating costs above what is necessary to sustain its operations; (v) accidents, labour disputes, or the materialization of similar risks; (vi) generally, African Energy Metals' inability to develop and implement its successful business plans for any reason.

In addition, the factors described or referred to in the section entitled "Risks Related to the Company's Business" in the MD&A for the nine months ended September 30, 2022 and 2021, of African Energy Metals, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although African Energy Metals has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that African Energy Metals will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements.

The forward-looking statements in this news release are made as of the date of this news release, and African Energy Metals disclaims any intention or obligation to update or revise such information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/158533

News Provided by Newsfile via QuoteMedia

CUCO:CA
The Conversation (0)
Canadian Investment Regulatory Organization Trade Resumption - CUCO

Canadian Investment Regulatory Organization Trade Resumption - CUCO

 
 

Trading resumes in:

 

Company: African Energy Metals Inc. 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
African Energy Metals Announces Defintive Agreement to Earn a 100% Interest in a Flin Flon Manitoba High Grade Polymetallic Copper Project

African Energy Metals Announces Defintive Agreement to Earn a 100% Interest in a Flin Flon Manitoba High Grade Polymetallic Copper Project

 

(TheNewswire)

 
     
  African Energy Metals Inc. 
          
 

Vancouver, British Columbia TheNewswire - (April 5, 2024) African Energy Metals Inc. (TSXV: CUCO; FSE: BC2; WKN: A3DEJG) (" African Energy Metals" or the " Company ") has signed a definitive agreement with Voyageur Mineral Explorers Corp.(" Voyageur ") (the " Definitive Agreement ') to earn a 100% interest in the Mink Narrows Group high-grade polymetallic copper VMS project (the " Project ") located in the prolific Flin Flon Manitoba VMS mining camp. The Project is located 25 km southeast of Flin Flon, Manitoba.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
African Energy Metals Announces Completion of Consolidation

African Energy Metals Announces Completion of Consolidation

African Energy Metals Inc. (TSXV: CUCO) (FSE: BC2) (OTCQB: NDENF) (WKN: A3DEJG) ("African Energy Metals" or the "Company") is pleased to announce further to its news release dated March 20, 2023, announcing the Company's intention to consolidate all of its issued and outstanding common shares (each, a "Common Share", the "Common Shares") on the basis of four (4) existing Common Shares for one (1) new Common Share (the "Consolidation"), the Consolidation will be effective Monday April 10, 2023 (the "Effective Date").

African Energy Metals' Common Shares will commence trading under the current trading symbol "CUCO" at the opening of trading on April 10, 2023 on a post-consolidated basis.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
African Energy Metals Announces Share Consolidation

African Energy Metals Announces Share Consolidation

African Energy Metals Inc. (TSXV: CUCO) (FSE: BC2) (OTCQB: NDENF) (WKN: A3DEJG) ("African Energy Metals" or the "Company") announced today it plans to consolidate all of its issued and outstanding common shares (each, a "Common Share", the "Common Shares") on the basis of four (4) existing Common Shares for one (1) new Common Share (the "Consolidation").

Upon completion of the Consolidation, the Company is expected to have 20,067,964 issued and outstanding Common Shares. No fractional shares will be issued because of the Consolidation and all fractional interests will be rounded down to the nearest whole number of Common Shares. Each shareholder's percentage of ownership in the Company and proportional voting power will remain unchanged after the Consolidation, except for minor changes and adjustments resulting from the treatment of fractional shares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
African Energy Metals Provides an Update on Mali Acquisition

African Energy Metals Provides an Update on Mali Acquisition

African Energy Metals Inc. (TSXV: CUCO) (FSE: BC2) (OTCQB: NDENF) (WKN: A3DEJG) ("African Energy Metals" or the "Company") is pleased to provide an update on the transformative Mali polymetallic acquisition announced in a news release dated January 18, 2023. The proposed acquisition is of all the issued and outstanding shares of Delta Exploration Mali SARL from a wholly owned subsidiary of GoviEx Uranium Inc. Delta holds three exploration licenses in Mali, West Africa totalling 225 kms² (the "Licenses") known as the Falea project. The Licenses have significant uranium, copper, and silver resources in the Indicated and Inferred categories and remain open for expansion in most directions.1 Over 235,000 m of drilling has been completed by previous owners and only 5% of the Licenses have been explored. Falea is in the proximity of the B2 Gold Fekola mine and the IAM Gold Siribaya deposit.

The Company has made substantial progress on the acquisition. The conditional approval of the TSX Venture Exchange was received on January 31, 2023, and the Company is confident it will be able to satisfy the TSXV's conditions prior to the March 15, 2023 anticipated closing date. The Company is in the process of having the 2015 NI 43-101 Technical Report on Falea updated as requested by the TSXV. After closing the acquisition, African Energy Metals will retain Mineral Management Consulting SARL ("MMC") to advise on all matters relating to operations and compliance in Mali. MMC is in the capital city Bamako and is owned and operated by an experienced senior consultant with expertise in governmental relations and mining license renewals in Mali.

Mr. Stephen Barley, Executive Chairman commented: "We are pleased with our progress to date on the Falea acquisition and will continue working towards a successful conclusion."

About African Energy Metals

African Energy Metals is a natural resource company with a focus on the acquisition, exploration, development, and operation of uranium, copper, cobalt, and lithium energy metals projects in Africa. African Energy Metals has the intention of acquiring interests in additional concessions or relinquishing concessions in the normal course of business. African Energy Metals has an experienced management team located in the DRC.

For further information, please contact:
Stephen Barley, Executive Chairman
Phone: +1-604-428-7050
Email: info@africanenergymetals.com
Website: www.africanenergymetals.com

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain "forward-looking information" within the meaning of applicable securities laws. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Company can give no assurance that they will prove to be correct including the closing of the acquisition and satisfying TSXV requirements. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company its securities, or its financial or operating results.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

 

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals & Mining Virtual Investor Conference, held July 23 rd and 24 th are now available for online viewing.

 

   REGISTER AND VIEW PRESENTATIONS HERE   

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
FPX Nickel Provides Update on Normal Course Issuer Bid

FPX Nickel Provides Update on Normal Course Issuer Bid

 
 

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on its Normal Course Issuer Bid (" NCIB ") that was announced on December 2, 2024 . Since December 5, 2024 the Company has repurchased a total of 720,000 common shares (" Common Shares ") of the Company at an average price of $0.24 per share under the NCIB.

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The repurchased shares represent progress toward the Company's ability to acquire up to an aggregate of 5,000,000 Common Shares, representing approximately 2% of the Company's issued and outstanding shares, over the 12-month period ending December 5, 2025 . All shares repurchased under the NCIB have been cancelled.

 

Purchases under the NCIB continue to be executed through open market transactions on the TSX Venture Exchange, with the acquisition price determined by the prevailing market conditions at the time of each transaction. Cormark Securities Inc. is managing the NCIB on behalf of FPX.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp.  is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company's website at   https://fpxnickel.com/.   

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/24/c8569.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Juggernaut Mobilizes 2025 Exploration On Newly Discovered Big One 11 Km High-Grade Gold System That Remains Wide Open - Golden Triangle, B.C

Juggernaut Mobilizes 2025 Exploration On Newly Discovered Big One 11 Km High-Grade Gold System That Remains Wide Open - Golden Triangle, B.C

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 23, 2025 TheNewswire - Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) ( the "Company" or "Juggernaut") is pleased to announce that it has mobilized for the 2025 surface exploration program aimed at identifying additional high-grade drill targets on the Big One property (the " Property "), Golden Triangle, British Columbia. This new discovery yielded assays up to 79.01 gt Au (2.54 ozt Au) and 3157.89 gt Ag (101.5 ozt Ag) from >200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that remain open. These veins were identified along the newly discovered 11 km Highway of Gold surrounding the Eldorado gold system on the Big One property. The discovery is located in an area of glacial and snowpack abatement adjacent to the extensive gold-rich porphyry systems at Galore Creek. The 100 % controlled property covers 36,989 hectares in a Tier 1 geologic terrane with tremendous additional discovery potential.

Keep reading...Show less
Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

 

(TheNewswire)

 
      
  Heritage Mining Ltd. 
             
 

  NOT   INTENDED   FOR   DISTRIBUTION   TO   UNITED   STATES   NEWS   WIRE   SERVICES   OR   FOR DISSEMINATION IN THE UNITED STATES  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

 

Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held July 23 rd and 24 th .

 

Individual investors, institutional investors, advisors, and analysts are invited to attend.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×