Canamera Energy Metals Enters Option Agreement to Acquire Majority Interest in Wyoming Uranium Project

Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) announced it has entered into an option agreement to acquire up to a 90% total interest in the Great Divide Basin uranium project in Wyoming. The project comprises 104 unpatented mining claims covering approximately 2,080 acres in the Great Divide Basin region, an area historically known for uranium production. This acquisition represents the company's strategic entry into the uranium exploration market, expanding its portfolio beyond rare earth and critical metals exploration.

The Great Divide Basin uranium project's location in Wyoming places it within a region with established uranium mining history, potentially offering geological advantages for exploration and development. The company's recent activities also include staking claims for land in Colorado near the Iron Hill deposit, which hosts one of the largest titanium and rare earth oxide deposits in the United States. These moves align with growing global demand for critical minerals essential for clean energy technologies and national security applications.

The option agreement involves specific earn-in milestones requiring cash payments, share issuances, and exploration expenditures over time. According to the company's news release dated December 8, 2025, available through the company's newsroom at https://ibn.fm/EMETF, the acquisition process will unfold through meeting these predetermined conditions. The company must demonstrate its ability to fund exploration programs and option payments while navigating regulatory requirements and market conditions.

Forward-looking information in the announcement indicates the company's plans for exploration activities on the project, anticipated timing of earn-in milestones, and geological assessments of the property's potential. However, such forward-looking statements are subject to various risks and uncertainties that could affect actual outcomes. Important risk factors include uncertainties related to financing, the speculative nature of mineral exploration, title risks, environmental and permitting considerations, and fluctuations in uranium prices. Additional risk information is available in the company's continuous disclosure documents at https://www.sedarplus.ca.

The uranium project acquisition occurs as global interest in nuclear energy and critical mineral security intensifies. Wyoming has historically been a significant uranium-producing state, and renewed exploration in established regions could contribute to domestic supply chains. The company's expansion into uranium exploration alongside its existing rare earth and critical metals focus positions it within multiple strategic mineral sectors experiencing increased attention from policymakers and investors seeking to reduce reliance on foreign sources.