Canamera signs definitive deal for Brazilian projects

Executive Summary

• Canamera Energy Metals Corp. entered a definitive option agreement to acquire full ownership of the Turvolandia and São Sepe rare‑earth ionic‑clay projects in Brazil.
• Exercise of the option requires cash, share consideration, minimum exploration spend, and will grant iFind Mining a 1.0% NSR royalty (with a 0.5% portion redeemable for $500,000).
• A finder’s fee of up to $70,000 in common shares is payable; $20,000 will be issued upon CSE approval, with the remainder tied to the issuance of a mineral‑resource estimate.

Key Details

• Option Parties: Canamera Energy Metals Corp.; iFind Mining Inc.; Gabriel Nascimento Nakamura; Irmãos Martins Serviços e Comércio Ltda.; RCO Mineração Ltda.
• Projects Covered:
• Turvolandia rare‑earth ionic‑clay project – Minas Gerais, Brazil.
• São Sepe rare‑earth ionic‑clay project – Rio Grande do Sul, Brazil.
• Consideration to Acquire 100% Interest:
• Cash payment (amount not disclosed).
• Share issuance (terms detailed in the agreement).
• Minimum exploration expenditures as set out in an attached schedule.
• Royalty Terms:
• iFind Mining receives a 1.0% net smelter return (NSR) royalty on commercial production.
• 0.5% of the royalty may be repurchased by Canamera at any time for a cash payment of $500,000.
• Contingent Milestone Payments: One‑time payments to iFind Mining are triggered upon achievement of specified development milestones (details in attached table).
• Finder’s Fee: Up to $70,000 payable in common shares calculated using the volume‑weighted average closing price on the CSE for the 10 trading days prior to announcement.
• $20,000 in shares issued upon CSE approval of the option agreement.
• Remaining shares issuable upon publication of a mineral‑resource estimate for the projects.
• Regulatory Conditions:
• Subject to approval by the Canadian Securities Exchange (CSE).
• Not expected to be a fundamental change or result in a change of control under securities laws.
• All issued shares will be subject to a resale restriction of four months and one day.

Notable Quotes

• “We believe that this proposed acquisition aligns with our strategic focus on critical minerals projects in Tier 1 mining jurisdictions and complements our existing portfolio. We are very pleased to be adding this Brazilian project.” – Company statement.