Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) has completed its due diligence auger drill program at the Patos rare earth element (REE) project in Presidente Olegário, Minas Gerais, Brazil. The company drilled 11 holes totaling approximately 78 meters between March 10 and March 26, 2026, and submitted 66 samples to SGS Geosol in Vespasiano for multi-element analysis, including rare earth elements and titanium. Assay results are anticipated within four to six weeks.
The program is part of Canamera's due diligence review tied to its potential acquisition of an option to earn a 100% interest in the project. Following receipt of assays, the company will have 30 days to decide whether to proceed with the acquisition. The Patos project represents a strategic addition to Canamera's growing portfolio of rare earth and critical metals exploration assets across the Americas.
Canamera Energy Metals Corp. is a rare earth and critical metals exploration company building a portfolio of district-scale opportunities. Its asset base includes the Mantle project in British Columbia, the Garrow REE project in Northern Ontario, the Schryburt Lake rare earth and niobium project in Ontario, the Iron Hills critical and rare earth project in Colorado, USA, and the Turvolândia and São Sepé REE projects in Brazil. Across this portfolio, Canamera targets underexplored regions with strong geological signatures and supportive jurisdictions, applying geochemical, geophysical, and geological datasets to generate and advance high-conviction, first-mover exploration targets.
The completion of the auger drill program at Patos marks a critical step in Canamera's due diligence process. The company's focus on rare earth elements aligns with growing global demand for these materials, which are essential for permanent magnets, electric vehicles, and renewable energy technologies. The Patos project, located in a mining-friendly jurisdiction, could provide a new source of these critical minerals.
For more details, the full press release is available at https://ibn.fm/2tpVx. The latest news and updates relating to EMETF can be found in the company's newsroom at https://ibn.fm/EMETF.
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