Canamera Energy Metals Acquires Rare Earth Ridge Project in Ontario

Canamera Energy Metals (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) has signed an option agreement to acquire a 100% interest in the Rare Earth Ridge rare earth element and niobium project in northwestern Ontario. The approximately 7,320-hectare property features two carbonatite intrusions, each about 6 kilometers in diameter, marking the company’s fourth prospective rare earth and niobium asset in Ontario. Under the terms, Canamera can earn its interest through staged share issuances totaling C$280,000 in deemed value over four years, with the project subject to a 2% net smelter return royalty, half of which may be repurchased for C$2 million. The company highlighted that Rare Earth Ridge’s large carbonatite systems offer significant exploration potential, as carbonatites are the world’s primary natural source of rare earth elements and niobium and host many of the largest global deposits. Canamera will act as operator with no minimum exploration expenditure commitments required.

Canamera Energy Metals Corp. is a rare earth and critical metals exploration company building a portfolio of district-scale opportunities across the Americas. Its asset base includes the Mantle project in British Columbia, the Garrow rare earth elements project in Northern Ontario, the Schryburt Lake rare earth and niobium project in Ontario, the Iron Hills critical and rare earth project in Colorado, USA, and the Turvolândia and São Sepé rare earth element projects in Brazil. Across this portfolio, Canamera targets underexplored regions with strong geological signatures and supportive jurisdictions, applying geochemical, geophysical, and geological datasets to generate and advance high-conviction, first-mover exploration targets. The latest news and updates relating to EMETF are available in the company’s newsroom at https://nnw.fm/EMETF.

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