African Energy Metals Inc. provided an update and preliminary projections for the industrial solar and carbon credit initiative. African Energy Metals retained EcoMetrix and Inerjys Ventures to assist in the development of a favorable business case utilizing industrial solar to generate positive revenue and carbon credits focused on the Democratic Republic of Congo (DRC). EcoMetrix is based in Johannesburg, South Africa and are experts on carbon credits in Africa.

Inerjys Ventures is based in Montreal, Canada and are a cleantech investment fund. The approach taken by the Company was to develop a viable business model utilizing sustainable alternate energy to solve an existing problem while generating carbon credits and providing an Environmental, Social, and Governance (ESG) benefit. The preliminary financial model indicates these goals can be achieved and provide a significant early- stage and long-term revenue source for the Company.