Northwire Canada EditionSunday, July 12, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Canamera Returns 14 Metres of Ionic Clay REE Mineralisation Open at Depth at New Linda Target, Extending Turvolandia System Discovery Beyond Previously Known Drilling

Early-stage REE explorer advancing Brazilian ionic clay targets with fresh auger results, but still burning cash and awaiting resource definition.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 06:01 EMET · 0.35 Canamera Energy Metals Corp.
Executive Summary
  • Canamera Energy Metals announced assay results from auger drill hole TUV-AUG-0043 at its Turvolândia Ionic Clay Rare Earth Project in Minas Gerais, Brazil.
  • The hole intersected 14.0 metres of rare earth mineralisation from surface to depth, averaging 2,208.6 ppm TREO, 664.7 ppm MREO+Y, and 178.0 ppm HREO.
  • Grades are increasing at depth and the hole remains open, indicating potential for further extension.
  • Results confirm a new exploration target named "Linda", establishing a three-target corridor (Cordis, Marita, Linda) spanning approximately 2.7 km.
  • Preliminary airborne geophysical data shows radiometric characteristics at Linda comparable to the previously defined Cordis and Marita targets.
  • Next steps include follow-up exploration to test continuity between targets and evaluate vertical extent, with potential for deeper diamond or RC drilling.
Material Impact
  • The release provides incremental validation of the ionic adsorption clay model at Turvolândia, extending the known mineralized footprint northward.
  • For an exploration-stage company with zero revenue, this type of result is expected and does not alter the fundamental commercial timeline or valuation drivers.
  • The stock has already declined approximately 70% from its January 2026 peak, pricing in the exploration phase and capital requirements. This news is consistent with the ongoing drill program and does not introduce a new catalyst that would materially re-rate the business.
EMET · Price
Company Overview
  • Canamera Energy Metals is an early-stage critical minerals explorer focused on rare earth elements (REEs) and uranium.
  • The portfolio spans multiple jurisdictions: Turvolândia and São Sepé (Brazil, ionic clay REE), Schryburt Lake (Canada, REE-Niobium carbonatite), Iron Hills (USA, REE), Great Divide (USA, uranium), and Garrow/Waterslide (Canada).
  • The strategy centers on assembling district-scale positions in mining-friendly jurisdictions, leveraging advanced geophysical modeling and targeted auger/diamond drilling to define ionic clay and carbonatite-hosted systems.
  • The company is currently in the exploration phase, advancing multiple projects simultaneously while awaiting regulatory permits and assay results.
Read the original news release →

More from Canamera Energy Metals Corp.

Jun 16, 2026 · 06:01

Canamera expands Brazilian ionic clay REE footprint with South Target discovery, but early-stage exploration remains the primary catalyst.

Drill Results May 13, 2026 · 06:01

Canamera Explores Sao Sepe Amidst 67% Correction from January Peaks

Production / Operations May 06, 2026 · 06:03

Canamera Optimizes Schryburt Lake Drilling with AI Amidst Capital Raise; Shares Retreat from January Highs

Production / Operations Apr 28, 2026 · 06:04

Canamera Files Schryburt Lake Technical Report as Exploration Platform Consolidates Following Capital Raise

Technical Study Apr 23, 2026 · 06:01

Canamera Drills Higher, But Dilution Weighs on Turvolandia Gains

Drill Results Apr 14, 2026 · 06:02

Patos Drill Completion Confirms Geology, But Assay Grades Remain Key Catalyst for Valuation

Drill Results