Canamera Energy Metals raises $4.6 million in dual financing round
Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) completed two concurrent financing offerings totaling $4.613 million on March 26, 2026, according to a company statement.
The Edmonton-based rare earth elements exploration company raised $2.114 million through a LIFE offering of 3,844,409 units priced at $0.55 per unit. Each unit includes one common share and half of a warrant exercisable at $0.65 for 24 months.
The company simultaneously closed a $2.499 million flow-through private placement of 3,787,155 units at $0.66 per unit. These flow-through units consist of one flow-through share and half of a warrant exercisable at $0.75 for 24 months.
Canamera paid $50,688 in finder's fees and issued 92,160 finder's warrants for the LIFE offering. The concurrent offering generated $60,000 in finder's fees and 90,909 finder's warrants.
The company plans to use LIFE offering proceeds for project advancement, property acquisition obligations, working capital and general corporate purposes. Flow-through offering funds will cover Canadian exploration expenses that qualify as flow-through mining expenditures under Canadian tax law.
Units from the LIFE offering face no hold period under Canadian securities laws, while securities from the concurrent offering are subject to a four-month-plus-one-day statutory hold period.
Canamera operates rare earth element exploration projects across Brazil, the United States and Canada, focusing on ionic clay REE projects in Brazil and critical mineral assets in North America.
