Canamera Energy Metals Reports Elevated Rare Earth Assay Results at Colorado Iron Hills Project

Canamera Energy Metals Corp. reported receiving over-limit assay results from American Assay Laboratories for rock samples collected during its prospecting program at the Iron Hills Project in Gunnison County, Colorado. The follow-up sodium peroxide fusion analysis returned quantitative values for cerium, neodymium and yttrium, with five of 48 samples exceeding initial detection limits. Sample 47 returned the highest total rare earth oxide value of 6,557 ppm or 0.66% TREO including 2,336 ppm neodymium, while Sample 09 returned the highest heavy rare earth oxide value of 2,841 ppm driven by 1,305 ppm yttrium.

With these updated results, six samples now exceed 3,000 ppm or 0.3% TREO, providing defined targets for follow-up work. The company is evaluating additional sampling and analytical programs and reviewing options for an airborne magnetics, radiometrics and EM survey to assess the potential for rare earth element mineralization at Iron Hills. These findings are significant as they indicate the presence of economically interesting concentrations of rare earth elements in an underexplored region of Colorado.

The elevated assay results are particularly important given the strategic importance of rare earth elements in modern technology and clean energy applications. Neodymium is a critical component in permanent magnets used in electric vehicles and wind turbines, while yttrium has applications in various high-tech industries. The identification of these elements in the Iron Hills Project suggests potential for domestic sources of these critical materials, which are currently dominated by foreign supply chains.

The company's approach involves applying geochemical, geophysical, and geological datasets to generate and advance high-conviction exploration targets across its portfolio of district-scale opportunities. The Iron Hills Project represents one of several assets in the company's portfolio, which includes projects in British Columbia, Northern Ontario, and Brazil. For more information about the company's activities, visit https://ibn.fm/EMETF.

These assay results provide important geological data that will guide future exploration decisions at the Iron Hills Project. The presence of elevated rare earth element concentrations in multiple samples suggests the potential for mineralization that warrants further investigation through systematic exploration programs. The company's planned airborne survey and additional sampling will help delineate the extent and continuity of rare earth element mineralization in the area.