Canamera Energy Metals Corp. (CSE: EMET) plans to raise up to $1.12 million through a non-brokered private placement, issuing up to 2,000,000 flow-through units at $0.56 per unit. Each unit consists of one flow-through common share and one-half of one warrant, with whole warrants exercisable at $0.65 per share for 36 months from closing. The placement is subject to customary closing conditions and includes a four month and one day hold period on issued securities.
Proceeds will fund qualifying Canadian exploration expenses under the Income Tax Act, advancing the company's portfolio of district-scale rare earth and critical metals opportunities across the Americas. This financing approach enables exploration activities while providing investors with flow-through tax benefits. The placement may involve finder's fees of 6% cash and 6% finder warrants under Canadian Securities Exchange rules.
Canamera Energy Metals Corp. maintains a diverse asset base including the Mantle project in British Columbia, the Garrow rare earth elements project in Northern Ontario, and the Schryburt Lake rare earth and niobium project in Ontario. The company also holds the Iron Hills critical and rare earth project in Colorado, USA, along with the Turvolândia and São Sepé rare earth element projects in Brazil. Across this portfolio, the company targets underexplored regions with strong geological signatures and supportive jurisdictions.
The company applies geochemical, geophysical, and geological datasets to generate and advance high-conviction, first-mover exploration targets in regions critical to the global supply chain for rare earth and critical metals. This strategic financing supports continued development of resources essential for various technologies and industrial applications. For more information about the company's projects and corporate strategy, visit their official website at https://canamerametals.com/.
The announcement reflects growing emphasis on securing domestic sources of rare earth elements and critical minerals, which are vital components in electronics, renewable energy technologies, defense systems, and other advanced applications. As global demand increases and supply chain concerns persist, companies like Canamera Energy Metals Corp. play important roles in developing North American and South American resources. The private placement represents a step toward advancing exploration in jurisdictions with established mining frameworks and geological potential.
