Canamera Acquires Great Divide Basin Uranium Project in Wyoming

Rhea-AI Summary

Canamera (CSE:EMET | OTCQB:EMETF) entered an option agreement to acquire up to a 90% interest in the Great Divide Basin uranium project in Fremont and Sweetwater counties, Wyoming, covering 104 claims (~2,080 acres).

Earn-in is staged: initial 51% requires 500,000 shares, $130,000 cash and $750,000 exploration spend within 18–24 months; steps to 71% and 90% require additional share issuances (~$250,000 each), cash of $75,000 each, and $1.0M exploration spends per stage within 3–4 years. Property carries a 1.25% NSR. The project adjoins Premier American Uranium’s Cyclone project and includes historical roll-front drilling and identifiable 1970s drill pads.

Positive

• Up to 90% earn-in available through three staged options
• 2,080 acres (104 claims) in a prolific Wyoming uranium district
• Adjoins Cyclone project, improving district-scale potential
• Extensive historical drilling and identifiable 1970s drill pads

Negative

• Property subject to a 1.25% NSR
• Earn-in requires cumulative exploration spends of at least $2.75M
• Transaction includes share issuances (500,000 + two $250k issuances), causing potential dilution
• Multiple cash payments totaling $355,000 across earn-in stages

News Market Reaction

+5.81%

1 alert

+5.81% News Effect

On the day this news was published, EMETF gained 5.81%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Optioned interest: Up to 90% Mining claims: 104 claims Project area: 2,080 acres +5 more

8 metrics

Optioned interest Up to 90% Maximum interest in Great Divide Basin uranium project via staged earn-in

Mining claims 104 claims Unpatented mining claims at Great Divide Basin project in Wyoming

Project area 2,080 acres Approximate land package covered by GDB uranium claims

Share issuance 500,000 shares Initial issuance to Nexus under first option to earn 51%

Cash payment 1 $30,000 First cash payment under the initial option stage

Cash payment 2 $100,000 Additional cash payment within 18 months under first option

Exploration spend 1 $250,000 Exploration expenditures within 18 months under first option

Exploration spend 2 $500,000 Additional exploration expenditures within two years under first option

Market Reality Check

Price: $0.8040 Vol: Volume 52,373 is above th...

high vol

$0.8040 Last Close

Volume Volume 52,373 is above the 20-day average of 26,952 (elevated trading ahead of the news). high

Technical Shares at 0.3028 were trading below the 200-day MA of 0.39, reflecting a weak longer-term trend.

Peers on Argus

No peer stocks or sector data were flagged in momentum or headline scanners, sug...

No peer stocks or sector data were flagged in momentum or headline scanners, suggesting the setup before this announcement was company-specific rather than part of a broader sector move.

Historical Context

3 past events · Latest: Dec 08 (Positive)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	Uranium project option	Positive	+5.8%	Option to earn up to 90% of Wyoming uranium project with staged spending.
Dec 04	Flow-through financing	Negative	-8.2%	Non-brokered flow-through placement to raise up to $1.12M at $0.56 per unit.
Dec 02	New claims staked	Positive	+7.9%	Staking of 85 mining claims near Teck’s Iron Hill deposit in Colorado.

Pattern Detected

Across the last three announcements, price moves aligned with the nature of the news: asset expansions saw positive reactions, while a financing coincided with a decline.

Recent Company History

Over recent days, Canamera reported several growth-oriented updates. On Dec 2, it staked 85 new claims in Colorado, and on Dec 4 it announced a flow-through private placement of up to $1.12M, which coincided with a -8.21% move. The Great Divide Basin option, allowing up to a 90% interest over staged spending, previously aligned with a +5.81% reaction, reinforcing a pattern of positive responses to project expansion news.

Market Pulse Summary

The stock moved +5.8% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +5.8% in the session following this news. A strong positive reaction aligns with the company’s recent pattern of constructive responses to asset expansion, as seen with prior claim staking and this uranium option, which previously coincided with moves of +7.89% and +5.81%. Investors have tended to reward growth in project pipeline, though elevated spending commitments and financing needs—such as the recent flow-through placement—could temper sustainability if capital markets support weakens.

Key Terms

option agreement, net smelter royalty, roll-front mineralization, Bureau of Land Management, +2 more

6 terms

option agreement financial

"announces that it has entered into an option agreement (the "Option Agreement")"

An option agreement is a contract that gives one party the right, but not the obligation, to buy or sell a specific asset (like company shares or property) at a pre-agreed price within a set time period. Think of it like a reservation or ticket that holds a purchase at today’s terms for later — it matters to investors because it can create potential future value or liability, change ownership stakes, and affect share dilution and company control.

net smelter royalty financial

"The Property is subject to a 1.25% net smelter royalty ("NSR") payable"

A net smelter royalty (NSR) is a contractual payment to the holder of mineral rights equal to a fixed percentage of the revenue from the sale of mined metals after they have been processed and basic costs like smelting and transport are deducted. Think of it as a toll on each shipment of metal: it reduces the operator’s take from production but provides the royalty holder with a steady, production-linked income stream that investors use to value both mines and royalty assets.

roll-front mineralization medical

"With historical drilling, roll-front mineralization [ and proximity to advanced-stage"

A roll-front mineralization is a curved, band-like concentration of metals formed underground where flowing water changes chemistry and causes dissolved metals (commonly uranium) to precipitate and pile up. It matters to investors because these deposits can create predictable, often near-surface ore bodies that influence how much metal can be recovered, how expensive and fast mining will be, and how a project’s value is assessed — like a river depositing a visible strip of minerals along its course.

Bureau of Land Management regulatory

"roads administered by the Bureau of Land Management ("BLM")."

A federal agency that acts like the landlord for large swaths of public land, overseeing uses such as mining, energy development, grazing, recreation and conservation. Its decisions on permits, leases, access and restrictions directly affect the timeline, cost and legal risk of projects that depend on public land, so investors watch its actions for signals about future revenue, permitting delays or regulatory limits on resource-based businesses.

Qualified Person regulatory

"and a "Qualified Person" as defined by National Instrument 43-101."

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

National Instrument 43-101 regulatory

"a "Qualified Person" as defined by National Instrument 43-101."

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

AI-generated analysis. Not financial advice.

EDMONTON, AB / ACCESS Newswire / December 8, 2025 / Canamera Energy Metals Corp. (CSE:EMET)(OTCQB:EMETF)(FSE:4LF0) (the "Company" or "Canamera") announces that it has entered into an option agreement (the "Option Agreement") to acquire up to a 90% total interest (in stages as described below) in the Great Divide Basin uranium project (the "Project" or "GDB") located in Fremont and Sweetwater counties, Wyoming, USA.

The Project comprises 104 unpatented mining claims covering approximately 2,080 acres in Wyoming's Great Divide Basin, a prolific uranium-producing region with historical production and ongoing exploration by multiple operators. The acquisition represents Canamera's entry into uranium exploration in the United States and provides the potential for exposure to a commodity with strengthening market fundamentals.

"The Great Divide Basin represents an attractive opportunity to expand our critical minerals focus into uranium," said Brad Brodeur, Chief Executive Officer. "With historical drilling, roll-front mineralization [ and proximity to advanced-stage projects in the district, GDB provides a strong foundation for systematic exploration."

Option Agreement Terms

Under the Option Agreement with Clean Nuclear Energy Corp., a wholly-owned subsidiary of Nexus Uranium Corp. (CSE:NXSU), Canamera may acquire up to a 90% interest in the Project through a three-stage earn-in as described below:

First Option (in order to earn a 51% interest):

• Issuance of 500,000 common shares of Canamera to Nexus within 5 days;

• Cash payment of $30,000 within 5;

• Cash payment of $100,000 within 18-months;

• Exploration expenditures of $250,000 within 18-months; and

• Additional exploration expenditures of $500,000 within two years.

Second Option (in order to earn an additional 20% interest, for a total 71% interest):

• Issuance of $250,000 worth of Canamera shares to Nexus;

• Cash payment of $75,000; and

• Additional exploration expenditures of $1,000,000, all within three years.

Third Option (in order to earn an additional 19% interest, for a total 90% interest):

• Issuance of $250,000 worth of Canamera shares to Nexus;

• Cash payment of $75,000; and

• Additional exploration expenditures of $1,000,000, all within four years.

The Property is subject to a 1.25% net smelter royalty ("NSR") payable to Plateau Ventures LLC. If the first option is exercised, the parties will form a joint venture to further develop the Project.

Great Divide Basin Project

The GDB project is located southwest of Jeffrey City and northwest of Wamsutter, Wyoming. The property adjoins Premier American Uranium's Cyclone Project and is readily accessible by gravel and maintained roads administered by the Bureau of Land Management ("BLM").

Mineralization on the GDB property is hosted within typical roll-front deposits, the primary deposit type in Wyoming's uranium districts. The project benefits from extensive historical drilling dating back to the 1970s, with many drill pads still identifiable on the western portion of the claims. Historical drilling by Tournigan Energy on adjacent ground reported a number of holes drilled 500 to 1,000 feet southwest of the Project.

Figure 1: Claims Map

Source: Nexus Uranium Corp.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Warren Robb, P.Geo. (British Columbia), Vice-President, Exploration of the Company and a "Qualified Person" as defined by National Instrument 43-101..

About Canamera Metals Corp.

Canamera Energy Metals Corp. is a critical minerals exploration company building a diversified portfolio of interests in energy metals and rare earth element projects across the Americas, including options in the Great Divide Basin uranium project in Wyoming, and the Turvolândia and São Sepé rare earth element projects in Brazil. In Canada, the Company's portfolio includes the options to purchase 90% of Schryburt Lake and 100% of the Garrow rare earth and niobium projects in Ontario and the Mantle project in British Columbia . 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. For more information, visit www.canamerametals.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Brad Brodeur, Chief Executive Officer

brad@canamerametals.com 780-238-7163

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding: the Company's planned exploration activities on the Project; the anticipated timing and completion of the earn-in milestones under the Option Agreement; the Company's ability to make required cash and share payments and incur required exploration expenditures; the geological prospectivity of the Project and the potential to identify mineral resources; the formation of a joint venture following exercise of the options; and the Company's exploration strategy.

Forward-looking information is based on assumptions, estimates, and opinions of management at the date the statements are made and is subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated or projected. These assumptions include, without limitation: the Company's ability to raise sufficient capital to fund its exploration programs and option payments; favourable regulatory conditions; continued access to the Project; and general economic conditions.

Important risk factors that could cause actual results to differ materially include, but are not limited to: uncertainties related to raising sufficient financing; the inherently speculative nature of mineral exploration; title risks; environmental and permitting risks; and fluctuations in uranium prices. Additional risk factors affecting the Company can be found in the Company's continuous disclosure documents available at www.sedarplus.ca .

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any obligation, to update or revise any forward-looking information whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Canamera Energy Metals Corp

View the original press release on ACCESS Newswire

FAQ

What did Canamera (EMETF) agree to acquire on December 8, 2025?

Canamera agreed to an option to acquire up to a 90% interest in the Great Divide Basin uranium project in Wyoming covering 104 claims (~2,080 acres).

What are the main costs for Canamera to earn 51% of the GDB project under EMETF?

To earn 51%, Canamera must issue 500,000 shares, pay $130,000 cash (timed within 5–18 months) and complete $750,000 in exploration expenditures within 18–24 months.

How much exploration spending is required for Canamera to reach 90% ownership of GDB (EMETF)?

Reaching 90% requires cumulative additional exploration expenditures of $2.75M across the three option stages (including initial spends).

Does the Great Divide Basin property have royalties affecting EMETF shareholders?

Yes, the property is subject to a 1.25% net smelter royalty payable to Plateau Ventures.

Where is the Great Divide Basin project located relative to other uranium projects?

The project is southwest of Jeffrey City and northwest of Wamsutter, Wyoming, and adjoins Premier American Uranium’s Cyclone project.