Canamera Energy Metals Files NI 43-101 Report for Schryburt Lake Rare Earth Project, Recommending Phase 1 Drill Program

Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) has taken a significant step forward at its Schryburt Lake rare earth element and niobium project in northwestern Ontario with the filing of an independent NI 43-101 technical report. The report, effective April 15, 2026, provides the first comprehensive technical assessment of the project under Canamera’s option and recommends a Phase 1 exploration program including a 1,500-metre, nine-hole diamond drilling campaign across priority targets within the Schryburt Lake Carbonatite Complex.

This announcement marks a critical milestone for the company, as it transitions from preliminary evaluation to active drilling. The recommended program is designed to test high-priority geophysical and geochemical anomalies identified through earlier work, targeting rare earth element and niobium mineralization. The Schryburt Lake property is situated in a prospective mining district, and Canamera holds the right to earn up to a 90% interest in the project.

The filing of the NI 43-101 report underscores Canamera’s commitment to systematic exploration and de-risking of its asset base. The company is building a portfolio of district-scale opportunities across the Americas, including the Mantle project in British Columbia, the Garrow rare earth elements project in Northern Ontario, the Iron Hills critical and rare earth project in Colorado, USA, and the Turvolândia and São Sepé rare earth element projects in Brazil. By focusing on underexplored regions with strong geological signatures and supportive jurisdictions, Canamera aims to generate high-conviction, first-mover exploration targets.

For investors, this development is important because it validates the technical merit of the Schryburt Lake project and provides a clear path forward for exploration. The drill program could potentially define a significant rare earth and niobium deposit, which are critical for clean energy technologies and defense applications. The company’s ability to advance projects through rigorous technical assessment while maintaining a broad portfolio reduces risk and increases upside potential.

The full press release is available at https://ibn.fm/sqjeY. More information about Canamera Energy Metals Corp. can be found in the company’s newsroom at https://ibn.fm/EMETF.