Canamera Resumes Auger Drilling at Turvolândia Rare Earth Project in Brazil

Core Viewpoint - Canamera Energy Metals Corp. is resuming auger drilling operations at the Turvolândia rare earth project in Brazil, marking a significant advancement in evaluating the project's potential for ionic clay rare earth mineralization [1][3]. Group 1: Drilling Operations - The auger drilling program at the Turvolândia project began in November 2025 and was paused in December due to Christmas and heavy rains in January 2026, with operations set to resume on February 5, 2026 [1]. - To date, the company has completed 344 meters of auger drilling across 27 holes, which represents approximately one-third of the planned drilling for the project [2]. Group 2: Project Overview - The Turvolândia Project is located 55 km east of the Poços de Caldas alkaline complex in Minas Gerais, Brazil, an area recognized for its potential as a significant ionic-clay rare earth district [4]. - The geology of the project features thick, weathered clay profiles over REE-enriched phonolitic and nepheline syenite, similar to major deposits in southern China, suggesting lower-cost extraction compared to traditional hard-rock REE deposits [4]. Group 3: Company Strategy and Interests - Canamera holds an option to acquire a 100% interest in the Turvolândia and São Sepé rare earth ionic clay projects through staged cash and share payments, along with minimum exploration expenditures [5]. - Upon exercising the option, the vendors will retain a 1.0% net smelter returns royalty, with the possibility for Canamera to repurchase half of this royalty for $500,000 [5]. Group 4: Company Profile - Canamera Energy Metals Corp. focuses on critical and rare earth metals exploration, with a diversified portfolio of projects across the Americas, including the Turvolândia and São Sepé projects in Brazil [7]. - The company targets underexplored regions with strong geological signatures, utilizing geochemical, geophysical, and geological datasets to advance exploration opportunities [7].