African Energy Metals Announces Termination of Mali Acquisition Agreement
African Energy Metals Inc. Suite 401, 750 West Pender Street, Vancouver, B.C., Canada, V6C 2T7 1
AFRICAN ENERGY METALS ANNOUNCES TERMINATION OF
MALI ACQUISITION AGREEMENT
Vancouver, British Columbia - (June 4, 2023) – African Energy Metals Inc. (TSXV: CUCO; FSE:
BC2; OTCQB: NDENF; WKN: A3DEJG) (“ African Energy Metals” or the “ Company ”)
announced that GoviEx Uranium Inc. (TSXV: GXU) (OTC QX: GVXXF) (" GoviEx " ) has
terminated the agreement with African Energy Metals for the Company’s acquisition of all the issued
and outstanding shares of GoviEx's wholly-owned Malian subsidiary, Delta Exploration Mali SARL
(" Delta "), which holds the Falea project in Mali.
About African Energy Metals
African Energy Metals is a natural resource company with a focus on the acquisition, exploration,
development, and operation of lithium, tin, tantalum and REE projects in the DRC. African Energy
Metals has the intention of acquiring interests in additional concessions or relinquishing
concessions in the normal course of business. Afric an 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: [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 infor mation 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 r isks and uncertainties concerning the specific fact ors disclosed here
and elsewhere in African Energy Metals’ periodic fi lings with Canadian securities regulators. When use d in this news
release, words such as "will", "could", "plan", "es timate", "expect", "intend", "may", "potential", "s hould," 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 relatio n to African Energy Metals’ ability to acquire addi tional interests in
concessions or relinquishing concessions in the nor mal course of business both in and outside of the D RC . Although
African Energy Metals believes the expectations ref lected 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.
African Energy Metals Inc. Suite 401, 750 West Pender Street, Vancouver, B.C., Canada, V6C 2T7 2
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 nec essary to sustain its operations; (v) accidents, la bour disputes, or the
materialization of similar risks; (vi) generally, A frican Energy Metals’ inability to develop and impl ement its successful
business plans for any reason.
In addition, the factors described or referred to i n the section entitled “Risks Related to the Compan y’s Business” in the
MD&A for the year ended December 31, 2022 and 2021,and the three months ended March 31, 2023 and 2022 of African
Energy Metals, which is available on the SEDAR webs ite at www.sedar.com, should be reviewed in conjunc tion 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 con tained in the forward- looking statements, there ca n 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 futu re 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 deriv e 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.