Canaemera Energy Metals (EMETF) confirms the discovery of high-grade rare earths in Brazil... Oxides for magnets account for 42%

Canaemira Energy Metals (EMETF) reports high-grade rare earth element results from drilling at the Turvolândia project in Minas Gerais, Brazil. The rare earths, especially those used in magnets for electric vehicle motors and wind turbines, have a higher concentration, increasing market interest in the project’s value.

The company announced analysis results from 27 of 55 spiral drill holes within an approximately 83.3-hectare exploration area in the eastern part of the project. The analysis confirmed an ion-adsorption type rare earth deposit, with total rare earth oxide (TREO) concentrations reaching up to 6,431 ppm in the top 1 meter. Additionally, an average TREO of 3,255 ppm was confirmed over a maximum 13-meter interval, supporting its resource potential.

Notably, the proportion of “magnet core oxides”—essential for magnet manufacturing—reached up to 42% of the TREO. Industry experts believe that deposits with high concentrations of rare earth elements like neodymium and praseodymium, used in magnets, hold strategic value in the electric vehicle and renewable energy supply chains.

To date, the total planned spiral drilling of 1,000 meters has completed 721 meters, with 671 meters of samples submitted for laboratory analysis. The remaining 317 meters have not yet been analyzed; as more data becomes available, the deposit’s size and continuity are expected to become clearer.

Industry professionals note that Brazil’s ion-adsorption rare earth projects have the potential to diversify the global rare earth supply chain, which is heavily dependent on China. Analysts suggest that if Canaemira Energy Metals (EMETF) advances to resource estimation based on further analysis, the strategic importance of the Turvolândia project will be even more pronounced.