Search Minerals Inc. is pleased to announce the closing of its previously announced private placement. Further to its news release dated November 20, 2019, the Company completed its non-brokered private placement for aggregate gross proceeds of $70,000 and issued 1,400,000 flow-through common shares at a price of $0.05 per FT Share. All FT Shares issued pursuant to the Offering are subject to a statutory hold period of [...]
Search Minerals Inc. is pleased to announce that the Company has negotiated certain amendments to the Exploration Activity Agreement between the Company and NunatuKavut Community Council Inc. dated August 22, 2012 . Under the terms of the amending agreement, NCC has agreed to accept 500,000 Shares of the Company at a deemed issue price of $0.05 per Share in settlement of payments owing to NCC under the Agreement in the [...]
Search Minerals Inc. is pleased to announce that the Company is conducting a non-brokered private placement of up to 10,000,000 flow-through common shares of the Company at a price of $0.05 per Flow-Through Share for maximum gross proceeds of up to $500,000 . Proceeds from the Offering will be used to incur “Canadian exploration expenses”, as defined in the Income Tax Act , related to the Company’s [...]
Search Minerals Inc. , is pleased to announce that, further to the Company's news release dated November 1, 2019, the Company closed its debt financing transaction, pursuant to which the Company was advanced an unsecured loan of $200,000 from an arm’s length party. The Loan has a one year maturity date from the date of issuance, repayable at any time without penalty and bears interest at a rate of 10% per annum [...]
Search Minerals Inc. , is pleased to announce that InCoR Holdings Limited has agreed to advance the Company $150,000 and also extend the maturity date on the secured convertible debenture issued to InCoR on November 30, 2018 . The Debenture maturity date of November 29, 2019 will be extended to November 30, 2020. The parties have agreed that the $850,000 principal amount of the Debenture together with the $150,000 advance [...]
Search Minerals Inc. is pleased to provide an update of the current pilot plant optimization being carried out by SGS Canada in Lakefield, Ontario. The SGS Minerals test program designed to optimize the Search Minerals Direct Extraction Process for Rare Earth Element Recovery is nearing successful completion. HIGHLIGHTS: The absence of acid during material heating is favourable for equipment selection and maintenance as [...]
Search Minerals Inc. is pleased to announce that Mr. Kaz Machida has been engaged to provide consulting services to Search to guide the development of a marketing strategy for entrance into the rare earth supply chain both in North America and primarily Japan. His extensive experience and expertise will add significantly to the Company’s management team. For more than 3 decades, Mr. Machida has worked with Itochu [...]
Search Minerals Inc. and its wholly-owned subsidiary, Alterra Resources Inc. are pleased to report the initial Mineral Resource estimate by Roscoe Postle Associates Inc. for the DEEP FOX Critical Rare Earth Element Deposit in SE Labrador. The new DEEP FOX resource and the Company’s FOXTROT resource in combination begin to outline the emerging CREE District in SE Labrador. The two deposits are approximately 12 km [...]
Search Minerals Inc. and its wholly-owned subsidiary, Alterra Resources Inc. are pleased to announce the preliminary results of its 2019 CREE exploration program in SE Labrador, Canada. UAV magnetic surveys were completed on the FOX MEADOW property, the AWESOME FOX/NINETEEN FOX area and the DEEP FOX area. Channel sampling programs were also completed on the FOX MEADOW, DEEP FOX and SILVER FOX properties. A LIDAR survey [...]
Search Minerals Inc. announces that it has closed its previously announced shares for debt transaction. The Company issued 1,100,000 common shares in the capital of the Company at a price of $0.08 per Share in settlement of an outstanding debt in the amount of $88,000 owing to certain directors of the Company in respect of accrued director fees . All securities issued in connection with the Debt Settlement are subject to [...]
Search Minerals Inc. announces that, subject to approval from the TSX Venture Exchange , the Company has agreed to issue up to 1,100,000 common shares in the capital of the Company at a price of $0.08 per Share in settlement of an outstanding debt in the amount of $88,000 owing to certain directors of the Company in respect of accrued director fees . Any securities issued in connection with the Debt Settlement will be [...]
Search Minerals Inc. , is pleased to announce that on June 18, 2019 the Company closed its previously announced rights offering which expired on June 14, 2019 . At closing, Search issued 45,535,170 common shares of the Company at a price of $0.03 per Share for total gross proceeds of $1,366,055. Following the closing of the Rights Offering, Search has 227,675,848 Shares issued and outstanding. To the knowledge of the [...]
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