Search Minerals Inc. , is pleased to announce preliminary Phase 1 Drill Program assay results and visual results of the Phase 2 Drill Program on its DEEP FOX Critical Rare Earth Element property in S.E Labrador. Assays from 8 Phase 1 drill holes and visual results from 6 Phase 2 drill holes show significant CREE throughout the mineralized zone; mineralization is observed in all drill holes. 1 AND PHASE 2 DRILL PROGRAMS [...]
Search Minerals Inc. , is pleased to announce that InCoR Holdings PLC has agreed to lend the Company an additional CDN $150,000, which will be used for general working capital purposes. The loan is a non-interest bearing demand loan and will be secured by the existing security package given by the Company and its subsidiary in favor of InCoR in connection with the secured convertible debentures issued to InCoR on [...]
Search Minerals Inc. , is pleased to announce that the Company will commence the Phase 2 - 2500m drill program on its DEEP FOX Critical Rare Earth Element prospect in S.E Labrador. The Phase 1 DEEP FOX drilling program including the additional drilling consisted of a total of 15 holes to sample CREE mineralization. The total of 2427m drilled at DEEP FOX gives 10 holes at the 50m level below surface and 5 holes at the 100m [...]
VANCOUVER, British Columbia, July 30, 2018 -- Search Minerals Inc. , is pleased to announce that the Company has completed the original planned 1500m drill program on its DEEP FOX Critical Rare Earth Element prospect in S.E Labrador. With visual mineralization in every drill hole, the Company took advantage of the efficiencies of this drill program and completed another 3 drill holes with an additional 427m of drilling [...]
Search Minerals is pleased to announce that the Company has commenced drilling a 1500m drill program on its DEEP FOX Critical Rare Earth Element prospect in SE Labrador. Drilling started on July 6 and a total of 3 drill holes have been completed to date. Visible CREE mineralization has been observed in all drill holes and the geology appears to follow the Foxtrot exploration model. This program is designed to intersect [...]
VANCOUVER, British Columbia, July 11, 2018 -- Search Minerals Inc. , is pleased to announce that today the Company closed its previously announced private placement of Flow-Through and Non-Flow Units. The Company raised an aggregate of $424,376.80, of which $180,000.00 was raised on the issuance of Flow-Through Units and $244,376.80 was raised on the issuance of Non-Flow Units. The offering size of the Non-Flow Units was [...]
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. VANCOUVER, British Columbia, July 09, 2018 -- Search Minerals Inc. , is pleased to announce that on July 5, 2018 the Company closed its previously announced rights offering which expired on June 28, 2018 and was over-subscribed. At [...]
VANCOUVER, British Columbia, July 04, 2018 -- Search Minerals Inc. , is pleased to announce that it completed its previously announced rights offering which expired at 2:00 p.m. on June 28, 2018 . The Offering was fully subscribed and, as such, Search will issue 15,609,285 units at a price of $0.04 per Unit for total gross proceeds of $624,372. Each Unit consists of one Common Share and one Common Share purchase warrant [...]
VANCOUVER, British Columbia, June 18, 2018 -- Search Minerals Inc. , is pleased to announce that it has received an advance payment of $ 100,000 from InCoR Holdings PLC, to be applied towards the InCoR Standby Agreement. To date, InCoR has advanced the Company $ 200,000 which is being used for current operating capital pending the closing of the previously announced rights offering and concurrent private placement. On May [...]
VANCOUVER, British Columbia, May 31, 2018 -- Search Minerals Inc. , is pleased to announce financings of up to $1,000,000 with a firm commitment for $624,372. The Company is seeking to raise $624,372 by way of a rights offering and up to $380,000 by way of a private placement of flow-through and non-flow through securities. Rights Offering The Company will be offering rights to holders of its Common Shares at the close of [...]
VANCOUVER, British Columbia, May 15, 2018 -- Search Minerals Inc. , is pleased to acknowledge receipt of a grant of $68,722.20 from the Province of Newfoundland and Labrador towards exploration work completed in 2017 on the Company’s Critical Rare Earth Element claims located near the communities of St. Lewis and Port Hope Simpson in Southeastern Labrador. Greg Andrews, President and CEO of Search Minerals, states [...]
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. VANCOUVER, British Columbia, April 16, 2018 -- Search Minerals Inc. , today announced that it has granted, effective today, 100,000 stock options, all of which are exercisable until August 14, 2021, at a price of $0.08. The options have [...]