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, USA, 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 development is significant because rare earth elements are critical components in numerous modern technologies, including electric vehicles, wind turbines, smartphones, and defense systems. Currently, China dominates global rare earth production and processing, creating supply chain vulnerabilities for Western nations. The identification of elevated rare earth concentrations in Colorado represents progress toward developing domestic sources of these strategically important minerals.
The Iron Hills Project results indicate potential for economically viable rare earth mineralization in Colorado, which could contribute to diversifying North American supply chains. Heavy rare earth elements like yttrium are particularly valuable due to their specialized applications in electronics and clean energy technologies. As governments worldwide prioritize securing critical mineral supplies, successful exploration projects like Iron Hills could play a crucial role in reducing dependence on foreign sources.
For the mining industry, these results demonstrate the ongoing potential for new rare earth discoveries in established mining jurisdictions like Colorado. The company's systematic approach combining prospecting, geochemical analysis, and planned geophysical surveys represents a methodical strategy for advancing early-stage exploration targets. As demand for rare earth elements continues growing with the global transition to clean energy and advanced technologies, successful exploration projects could create significant economic opportunities while addressing strategic supply concerns.
