Canamera Options 2,300-Hectare Waterslide Uranium-Ree Project in Bancroft, Ontario

Executive Summary

• Canamera Energy Metals Corp. entered into an option agreement with Gallik Explorations Inc. to earn up‑to a 100% interest in the Waterslide Property, a 2,300‑hectare uranium and rare‑earth project in Ontario.
• The agreement requires four staged cash‑and‑share payments of $25,000 each (total $100,000) over three years following regulatory approval, after which Canamera will hold full ownership subject to a 2% NSR royalty (with an option to repurchase 1% for $1 M).
• The acquisition adds a near‑surface uranium and rare‑earth target to Canamera’s Ontario portfolio, supporting its strategy of building district‑scale critical‑mineral positions.

Key Details

• Agreement Parties: Canamera Energy Metals Corp. (buyer) and Gallik Explorations Inc. (seller).
• Property Description: Waterslide Property – 2,300 ha (≈20 km²) located ~20 km SE of Bancroft, Ontario, within the Central Gneiss Belt of the Grenville Province; hosts documented occurrences of uranium, thorium, fluorite, and rare‑earth elements.
• Payment Schedule:
• Payment 1 – $25,000 cash + $25,000 worth of common shares due upon receipt of CSE regulatory approval.
• Payment 2 – $25,000 cash + $25,000 worth of common shares due on the first anniversary of regulatory approval.
• Payment 3 – $25,000 cash + $25,000 worth of common shares due on the second anniversary.
• Payment 4 – $25,000 cash + $25,000 worth of common shares due on the third anniversary.
• Total Consideration: $100,000 cash plus $100,000 in common shares (valued at $200,000 total).
• Royalty Terms: Upon earning 100% interest, a 2% net smelter return (NSR) royalty remains in favor of Gallik; Canamera may repurchase 1% of the NSR for $1 M, reducing the royalty to 1%.
• Regulatory Condition: Subject to approval by the Canadian Securities Exchange.
• Strategic Rationale (CEO Quote): “The Waterslide Property adds a compelling, near‑surface uranium and rare earth target to our growing Ontario portfolio… aligns with our strategy of assembling district‑scale positions in proven critical‑mineral settings across the Americas.” – Brad Brodeur, CEO.
• Qualified Person Review: Technical information reviewed and approved by Warren Robb, P.Geo., VP Exploration (NI 43‑101 Qualified Person).

Notable Quotes

“The Waterslide Property adds a compelling, near‑surface uranium and rare earth target to our growing Ontario portfolio… This acquisition aligns with our strategy of assembling district‑scale positions in proven critical‑mineral settings across the Americas.” – Brad Brodeur, CEO, Canamera Energy Metals Corp.