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Canamera Identifies South Target at Turvolandia, Extending to Four Targets Across 7.4 Kilometres

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

By The Northwire Desk — AI Analysis Jun 16, 2026 · 06:01 EMET · 0.345 Canamera Energy Metals Corp.

Executive Summary

Canamera Energy Metals Corp. announced auger drilling results from the newly identified South Target at its Turvolândia Ionic Clay Rare Earth Project in Minas Gerais, Brazil.
Hole TUV-AUG-0036 returned 22.0 metres of total depth, with rare earth enrichment concentrated below 16 metres and terminating in mineralized material, indicating the system remains open at depth.
The 16–22 metre interval returned 1,748.9 ppm TREO, including a 2-metre interval grading 2,793.8 ppm TREO.
The hole also highlighted significant gallium concentrations (30.6 ppm Ga over 22 m), recognized as a critical mineral, though economic recovery remains untested.
The discovery establishes a four-target conceptual system spanning 7.4 kilometres, with radiometric signatures comparable to the previously identified Cordis, Linda, and Marita targets.
Four additional holes at the South Target are currently assaying, with results expected in the coming weeks. Management is evaluating follow-up exploration, including potential deeper drilling below the 22-metre depth.

Material Impact

The release provides incremental validation of the ionic clay REE exploration thesis at Turvolândia, extending the known mineralized footprint by 7.4 kilometres.
It confirms the continuity of high-grade intercepts at depth, which supports the geological model but does not yet define a mineral resource or alter the company's financial profile.
The announcement aligns with the company's stated exploration pace and does not introduce new capital requirements, M&A, or regulatory milestones that would immediately re-rate the business.

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Company Overview

Canamera Energy Metals Corp. is an early-stage critical minerals explorer focused on building a diversified portfolio of rare earth element (REE) and uranium projects across mining-friendly jurisdictions.
Key assets include the Turvolândia and São Sepé ionic clay REE projects in Brazil, the Schryburt Lake REE-Niobium project in Ontario, Canada, the Garrow and Waterslide REE/uranium projects in Ontario, the Iron Hills REE project in Colorado, USA, and the Great Divide uranium project in Wyoming, USA.
The company's strategy centers on acquiring option interests in district-scale properties, conducting systematic exploration, and advancing toward resource definition and economic assessments.

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