Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) has concluded its due diligence auger drill program at the Patos rare earth element (REE) project located in Presidente Olegário, Minas Gerais, Brazil. The program, executed between March 10 and March 26, 2026, comprised 11 holes totaling approximately 78 meters. The company has 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.
This drilling campaign is part of Canamera's due diligence review tied to a potential acquisition of an option to earn a 100% interest in the Patos project. Upon receipt of the assay results, the company will have 30 days to decide whether to proceed with the acquisition. The Patos project, located in the highly prospective Minas Gerais state, is known for its significant REE potential, and this program aims to validate historical data and assess the project's economic viability.
Canamera Energy Metals is a rare earth and critical metals exploration company with a portfolio of district-scale opportunities across the Americas. The company's 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 this due diligence program marks a critical step for Canamera as it evaluates the Patos project's potential. The results will provide key insights into the grade and distribution of REEs, which are essential for modern technologies such as electric vehicles, wind turbines, and defense systems. The company's focus on critical minerals aligns with global efforts to secure supply chains for these strategic materials.
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