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Canamera Acquires Great Divide Basin Uranium Project in Wyoming
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% ...
About this update from Canamera Energy Metals Corp
[{"type":"text","content":"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.","length":468,"tagName":"p"},{"type":"text","content":"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.","length":421,"tagName":"p"},{"type":"text","content":""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."","length":352,"tagName":"p"},{"type":"text","content":"Option Agreement Terms","length":22,"tagName":"p"},{"type":"text","content":"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:","length":227,"tagName":"p"},{"type":"text","content":"First Option (in order to earn a 51% interest):","length":47,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Issuance of 500,000 common shares of Canamera to Nexus within 5 days;","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash payment of $30,000 within 5;","length":33,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash payment of $100,000 within 18-months;","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"Exploration expenditures of $250,000 within 18-months; and","length":58,"tagName":"p"}]},{"val":[{"type":"text","content":"Addit...