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Canamera Options 2,300-Hectare Waterslide Uranium-Ree Project in Bancroft, Ontario
Edmonton, Alberta--(Newsfile Corp. - February 17, 2026) - Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) ("Canamera" or the "Company") has entered into an option agreement (the "Agreement") with Gallik Explorations Inc. ("Gallik"), pursuant to which will, subject to the receipt of Canadian Securities Exchange approval ("Regulatory Approval"), have the right to earn up to a 100% interest in the Waterslide Property (the "Property"), a 2,300-hectare uranium and rare earth...
About this update from Canamera Energy Metals Corp
[{"type":"text","content":"Edmonton, Alberta--(Newsfile Corp. - February 17, 2026) - Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) ("Canamera" or the "Company") has entered into an option agreement (the "Agreement") with Gallik Explorations Inc. ("Gallik"), pursuant to which will, subject to the receipt of Canadian Securities Exchange approval ("Regulatory Approval"), have the right to earn up to a 100% interest in the Waterslide Property (the "Property"), a 2,300-hectare uranium and rare earth element project located approximately 20 km southeast of Bancroft, Ontario, by making the share and cash payments described below.","length":685,"tagName":"p"},{"type":"text","content":"The Property sits within one of Ontario's most established uranium and rare earth districts, the Central Gneiss Belt of the Grenville Province. With seven documented mineral occurrences on or adjacent to the claim block - spanning uranium, thorium, fluorite, and rare earth elements - the acquisition provides Canamera with near-term exploration targets in a jurisdiction that is attracting renewed interest due to growing demand for domestic nuclear fuel and critical mineral supply.","length":488,"tagName":"p"},{"type":"text","content":""The Waterslide Property adds a compelling, near-surface uranium and rare earth target to our growing Ontario portfolio," said Brad Brodeur, CEO of Canamera. "The Bancroft region has a well-documented geological history of uranium and rare earth mineralization, and with multiple known occurrences on the Property, we see a clear path to efficiently advance exploration. This acquisition aligns with our strategy of assembling district-scale positions in proven critical-mineral settings across the Americas."","length":529,"tagName":"p"},{"type":"text","content":"Option Agreement Terms","length":22,"tagName":"p"},{"type":"text","content":"Under the terms of the Agreement, Canamera may earn a 100% interest in the Property by making four staged payments of cash and common shares to Gallik, structured as follows:","length":174,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Payment 1: $25,000 in cash and common shares valued at $25,000, due upon receipt of Regulatory Approval;","length":104,"tagName":"p","attribs":{}}]},{"val":[{"ty...