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Canamera Energy Metals to acquire 100% of Ontario’s Waterslide uranium and rare earth project in staged deal.
Canamera Energy Metals Corp. has agreed to acquire up to 100% interest in the 2,300-hectare Waterslide uranium and rare earth element project in Bancroft, Ontario, through staged cash and share payments over three years.
The property lies in a geologically promising region known for critical minerals.
The deal, pending Canadian Securities Exchange approval, includes a 2% net smelter return royalty to Gallik, with Canamera able to buy back 1% for $1 million.
The company aims to expand its Ontario portfolio and support domestic supply of nuclear fuel and critical minerals using advanced exploration methods.
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Canamera Energy Metals adquiere el 100% del proyecto de uranio y tierras raras Waterslide de Ontario en un acuerdo por etapas.