This article has been disseminated on behalf of Canamera Energy Metals Corp. and may include paid advertising.
Canamera Energy Metals (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) announced the commencement of diamond drilling at its Schryburt Lake Rare Earth Element-Niobium Project in northwestern Ontario on Oct. 22, 2026. The approximately C$1.7 million program represents the project’s first diamond drilling campaign and includes three inclined holes totaling approximately 1,500 meters targeting magnetic anomalies beneath the Blue Jay, Starling and Blackbird targets. Drill locations were selected using historical exploration data, geophysical surveys, surface sampling and artificial intelligence (“AI”)-driven modeling by ExploreTech. The 12-person field crew includes members of Nibinamik First Nation under an exploration agreement announced Oct. 8, 2026. Program expenditures will contribute toward the C$1.5 million spending requirement for Canamera to earn an initial 51% interest in the project, with the potential to earn up to 90% through a three-stage agreement.
Separately, Canamera announced plans to consolidate its common shares on a one-for-six basis, subject to Canadian Securities Exchange approval, with trading on a consolidated basis expected to begin on or about Nov. 6, 2026. Following the consolidation, approximately 25.5 million shares are expected to be outstanding, subject to rounding adjustments. The company’s name and trading symbol, EMET, will remain unchanged. Shareholders holding shares electronically will have their positions adjusted automatically, while holders of physical certificates will receive instructions for exchanging their shares.
To view the full press release, visit https://ibn.fm/7IlPd
About Canamera Energy Metals Corp.
Canamera Energy Metals Corp. is a rare earth elements exploration and development company with an expanding project portfolio across Brazil, the United States, and Canada. The Company is focused on advancing ionic clay REE projects in Brazil and critical mineral assets in North America to support Western rare earth supply chain independence.
NOTE TO INVESTORS: The latest news and updates relating to EMETF are available in the company’s newsroom at https://ibn.fm/EMETF
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