East Africa Metals engages with JinJiu for the development of the Magambazi/Handeni mining project in Tanzania

East Africa Metals Inc. has announced its engagement with JinJiu Hong Kong International Investment Ltd. to develop a Memorandum of Understanding for the advancement of the Magambazi mining project in Tanzania. The potential partnership represents a significant step forward for the Company's flagship Tanzanian asset, which has been seeking development capital and operational expertise to move toward production.

The engagement with JinJiu, a Hong Kong-based investment entity, suggests East Africa Metals is pursuing international partnerships to unlock the value of its Tanzanian holdings. While specific terms of the proposed MOU have not been disclosed, such agreements typically outline framework conditions for investment, development timelines, and operational responsibilities between parties.

This development comes at a time when Tanzania's mining sector has been attracting increased international investment, particularly from Asian investors seeking exposure to African mineral resources. The Magambazi project's advancement through this potential partnership could provide East Africa Metals with the capital and technical resources needed to progress the asset through feasibility studies and toward production. The successful completion of an MOU would mark a key milestone in the Company's strategy to develop its Tanzanian portfolio and create shareholder value through strategic partnerships.