Canamera Energy Metals Corp. reported receiving over-limit assay results from American Assay Laboratories for rock samples collected during prospecting at the Iron Hills Project in Gunnison County, Colorado. Follow-up sodium peroxide fusion analysis returned quantitative values for cerium, neodymium and yttrium, with five of 48 samples exceeding initial detection limits. Sample 47 returned the highest total rare earth oxide value of 6,557 ppm or 0.66% TREO including 2,336 ppm neodymium, while Sample 09 returned the highest heavy rare earth oxide value of 2,841 ppm driven by 1,305 ppm yttrium.
With these updated results, six samples now exceed 3,000 ppm or 0.3% TREO, providing defined targets for follow-up work. The company is evaluating additional sampling and analytical programs and reviewing options for an airborne magnetics, radiometrics and EM survey to assess the potential for rare earth element mineralization at Iron Hills. The full press release is available at https://ibn.fm/gaYoJ.
Canamera Energy Metals Corp. is a rare earth and critical metals exploration company building a portfolio of district-scale opportunities across the Americas. The company's asset base includes the Mantle project in British Columbia, the Garrow rare earth elements project in Northern Ontario, the Schryburt Lake rare earth and niobium project in Ontario, the Iron Hills critical and rare earth project in Colorado, and the Turvolândia and São Sepé rare earth element 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 latest news and updates relating to EMETF are available in the company's newsroom at https://ibn.fm/EMETF.
This announcement comes as global demand for rare earth elements continues to grow, driven by their essential role in clean energy technologies, electric vehicles, and advanced electronics. The identification of elevated rare earth concentrations at Iron Hills represents a significant development in domestic critical mineral exploration, potentially contributing to North American supply chain security for these strategically important materials. The assay results demonstrate the presence of both light and heavy rare earth elements, with neodymium being particularly valuable for permanent magnets used in wind turbines and electric vehicle motors, while yttrium has applications in various high-tech industries. These findings at the Colorado project highlight the potential for developing domestic sources of critical minerals that are currently dominated by foreign production, particularly from China. As nations seek to secure reliable supplies for their clean energy transitions, discoveries like those at Iron Hills gain strategic importance beyond their geological significance. The company's systematic approach to exploration across multiple jurisdictions positions it to capitalize on growing market demand while addressing geopolitical concerns about mineral supply chains. The technical data from these assays provides concrete evidence for further investment in exploration activities that could eventually lead to resource definition and development.
