Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) Advances Schryburt Lake with New Independent Technical Report

Disseminated on behalf of Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) and may include paid advertising.

• The demand for key elements, including neodymium and praseodymium, and metals such as niobium, is only increasing.
• Canamera’s recent report recommends a diamond drill program of 1,500 meters across nine holes at its Schryburt Lake project.
• CEO states that “Schryburt Lake is a rare and genuinely underexplored carbonatite system in one of Canada’s most active mining districts.”

The magnets that spin electric vehicle motors and offshore wind turbines cannot be built without a small basket of rare earth elements led by neodymium and praseodymium. In addition, the high-strength steel alloys that reinforce pipelines, jet engines and defense infrastructure depend just as heavily on niobium, a metal whose supply is even more geographically concentrated than the rare earths. In that context, Canamera Energy Metals (CSE: EMET) (OTCQB: EMETF), one of the junior exploration companies working to build supply of these essential elements, has filed an independent NI 43-101 technical report on its Schryburt Lake project in northwestern Ontario, recommending a C$1.5 million phase 1 drill program targeting rare earth and niobium mineralization across five priority target areas.

Neodymium and praseodymium, often referred to together as NdPr, are the specific rare earth elements used to make the high-performance permanent magnets found in electric vehicle motors, wind turbine generators, robotics and defense systems. In addition, the announcement of a recent supply agreement underscores just how central non-China NdPr sourcing has become to magnet manufacturers.

That urgency is not abstract. A May 2026 analysis from the Center for Strategic and International Studies describes how, a year after Beijing tightened rare earth export controls, the United States has been racing to build alternative supply relationships with Australia, Japan and other partners, precisely because China still dominates global rare earth processing capacity.

Niobium plays a comparably outsized role, but its supply is concentrated even more tightly, in a single country. A recent analysis of niobium’s geopolitics notes that Brazil holds a near-monopoly on global production and reserves. The report also observed that there are no direct substitutes equivalent to niobium in its most critical applications, particularly microalloyed steels and high-performance superalloys used in aerospace, turbines and pipelines. One market overview puts Brazil’s share of global niobium production at roughly 90%, adding that Canada is the only other significant source, which is precisely the jurisdiction where Canamera’s Schryburt Lake project is located.

Canamera’s technical report, effective April 15, 2026, was authored by J Garry Clark, P.Geo. of Clark Exploration Consulting Inc., an independent qualified person. This report is the first comprehensive third-party technical assessment of Schryburt Lake since Canamera optioned the project. The report recommends a diamond drill program of 1,500 meters across nine holes.

The budget outlined in the report is C$1,403,575, which includes a 15% contingency. Drilling will use helicopter-supported BQTW core rigs. One additional hole may be added depending on real-time portable X-ray fluorescence screening of core from the initial holes. The program targets five priority areas across the Schryburt Lake Carbonatite Complex. Four are established targets: Blue Jay, Goldfinch, Starling and Blackbird. The fifth, Hummingbird, is a newly added target exploration target that may be evaluated during phase 1.

These targets are grounded in real sample data, not just speculation. In 2023, a rock chip sample from the Blue Jay target returned 3.59% total rare earth oxides and 0.47% niobium pentoxide. Some individual samples graded as high as 0.66% niobium pentoxide.

A 3D magnetic inversion model, also completed in 2023, identified multiple pipe-like magnetic anomalies beneath several of the targets. These anomalies extend to depths of 600 to more than 1,000 meters, suggesting meaningful vertical exploration potential.

The project sits roughly 135 kilometers north-northeast of Pickle Lake, in Ontario’s Patricia Mining Division, an active mining region. Canamera holds the right to earn up to a 90% interest in the project under its joint venture option agreement with Bindi Metals Limited.

Canamera has applied for the Ontario Exploration Permit required to begin drilling and is continuing engagement with the Kingfisher Lake, Mishkeegogamang, Nibinamik and Wunnumin Lake First Nations as it advances toward field work. “Schryburt Lake is a rare and genuinely underexplored carbonatite system in one of Canada’s most active mining districts,” said Canamera CEO Brad Brodeur. “We believe it offers our shareholders the potential of differentiated exposure to permanent-magnet rare earths and niobium at a time of intense strategic focus on Western critical mineral supply chains.”

The Schryburt Lake report lands amid a run of exploration progress across Canamera’s broader portfolio. Just days earlier, the company expanded its auger drill program at the Turvolândia rare earth project in Brazil by 20%, after a drill hole there returned 3,255 parts per million total rare earth oxides over 13 meters from surface. The company also completed an 11-hole drill program at its Brazil-based Patos project, where field geology pointed to a distinct kamafugite-hosted rare earth target profile.

Taking together, these updates mark significant progress for Canamera. The Schryburt Lake technical report gives the company a Canadian rare earth and niobium project with an independently reviewed development pathway. This adds to a portfolio that already includes ionic clay rare earth exploration in Brazil and critical mineral assets in the United States.

Canamera now has multiple, geologically distinct paths toward Western-sourced rare earth and niobium supply. That supply appears to offer exactly what magnet manufacturers and steelmakers are increasingly seeking.

For more information, visit the company’s website at CanameraMetals.com.

NOTE TO INVESTORS: The latest news and updates relating to EMETF are available in the company’s newsroom at ibn.fm/EMETF

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This document contains “forward-looking information” within the meaning of applicable securities legislation, including statements regarding: the Company’s planned exploration activities on its projects; the anticipated timing and completion of the earn-in milestones under the Option Agreement; the Company’s ability to make required cash and share payments and incur required exploration expenditures; the geological prospectivity of its projects; and the Company’s exploration strategy.

Forward-looking information is based on assumptions, estimates, and opinions of management at the date the statements are made and is subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated or projected. These assumptions include, without limitation: the Company’s ability to raise sufficient capital to fund its exploration programs and option payments; favourable regulatory conditions; continued access to its projects; and general economic conditions.

Important risk factors that could cause actual results to differ materially include, but are not limited to: uncertainties related to raising sufficient financing; the inherently speculative nature of mineral exploration; title risks; environmental and permitting risks; and fluctuations in uranium prices. Additional risk factors affecting the Company can be found in the Company’s continuous disclosure documents available at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking information.

About MiningNewsWire

MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.MiningNewsWire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer

MiningNewsWire
Austin, Texas
www.MiningNewsWire.com
512.354.7000 Office
Editor@MiningNewsWire.com

MiningNewsWire is powered by IBN