African Energy Metals Amends Terms of Acqisition of a TIN, Tantalum, Lithium Prospect IN Manono DRC
African Energy Metals Inc. Suite 401, 750 West Pender Street, Vancouver, B.C., Canada, V6C 2T7 1
AFRICAN ENERGY METALS AMENDS TERMS OF ACQISITION OF A TIN,
TANTALUM, LITHIUM PROSPECT IN MANONO DRC
Vancouver, British Columbia - (July 22th, 2022) – African Energy Metals Inc. (TSXV: CUCO;
FSE: BC2; OTCQB: NDENF; WKN: A3DEJG) (“ African Energy Metals” or the “ Company ”)
is pleased to announce the Company has reduced the consideration to be paid for the interest in a
project first announced on March 3, 2022 in the pro lific Manono area of the DRC with high
prospectively for lithium, tin, tantalum, and rare earths.
The Assignment Agreement with Whiskey Cobalt Mining SASU (WCM) was amended to reduce
the total number of shares being issued to 2,500,000 shares and the cancellation of the announced
net revenue royalty. A finder’s fee of 250,000 shares will be issued to Truck Masters Sarl, an arms
length company. The closing of the transaction is subject to final regulatory approvals including
the Toronto Stock Venture Exchange.
About African Energy Metals
African Energy Metals is a natural resource company with a focus on the acquisition, exploration,
development, and operation of copper, cobalt, and lithium energy metals projects in the DRC. The
Company is implementing a carbon credit program com plementary to mining operations. The
carbon credit program will meet important ESG requi rements and present an opportunity for a
significant early and long-term revenue stream. Afr ican 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: (604) 834-2968
Email: [email protected]
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 consi dered 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. The statements in this press release are made as of the date of t his release. The
Company undertakes no obligation to comment on anal yses, expectations or statements made by third part ies in respect
of the Company its securities, or its financial or operating results.