Canamera Energy Metals Corp. has initiated a rights offering to raise gross proceeds of up to $765,246.13 through the issuance of 76,524,613 rights to holders of its common shares. Shareholders on record as of September 16, 2026, will receive one right for every common share held, with each right entitling the holder to subscribe for one new common share at a subscription price of $0.01.

Eligible shareholders who fully exercise their basic subscription privileges will also gain the additional privilege of subscribing pro rata for any unallocated shares remaining from unexercised rights before the offering expires. The rights offering is scheduled to close on or before October 15, 2026.

The transaction is fully secured by a standby guaranty agreement with 1357508 B.C. Ltd. and Nico Consulting Inc., who have committed to subscribe for any shortfall to fully guarantee the offering. In consideration for providing the standby guaranty, the company will pay a 5% fee on the total guaranteed amount and issue a total of 7,652,460 non-transferable bonus share purchase warrants. These warrants will be split evenly between the two guarantors and will be exercisable at $0.18 per share for a period of five years from the expiry date.

Proceeds from the financing are earmarked to fund ongoing exploration expenditures at the Turvolândia Rare Earth Project in Brazil, cover mineral claim management expenses across the company’s properties in Colorado and Wyoming, and support general administrative overhead. Canamera originally secured an option agreement in October 2025 to acquire a 100% interest in both the Turvolândia and São Sepé rare earth projects in Brazil.

The rights offering will expire at 4:00 p.m. Vancouver time on October 9, 2026. Following the successful closing of the rights offering and the issuance of the new shares, Canamera intends to execute a share consolidation on the basis of one post-consolidation share for up to six pre-consolidation shares.

Read the full announcement: Canamera Announces Rights Offering