Search Minerals Inc. , is pleased to announce that the Company has closed the first tranche of its previously announced non-brokered private placement offering of 18,540,000 flow-through common shares of the Company at a price of $0.25 per FT Share and 3,711,113 units at a price of $0.18 per Unit for aggregate gross proceeds of $5,303,000. Each Unit consists of one common share and one common share purchase warrant in the [...]
Search Minerals Inc. , as announced on December 3, 2021 . The Company is pleased to announce that Search will complete a non-brokered private placement offering for aggregate gross proceeds of up to $15,000,000, through a combination of FT Shares at a price of $0.25 per FT Share, up to a maximum of $5,000,000; and units of the Company at a price of $0.18 per Unit . Each Unit consists of one common share and one common [...]
Search Minerals Inc. is pleased to announce that the Company is conducting a non-brokered private placement of up to 20,000,000 flow-through common shares of the Company at a price of $0.25 per FT Share for maximum gross proceeds of up to $5,000,000 . The Company intends to use the proceeds from the Offering to incur eligible Canadian exploration expenses and flow-through mining expenditures, within the meaning of the [...]
Search Minerals Inc. is pleased to announce that, further to its August 11th press release, it has now closed the purchase of a 2.5% Net Smelter Royalty from B&A Minerals Limited for 15,000,000 common shares in the share capital of the Company. The transaction also included some property transfers between the parties. The 15,000,000 common shares that have been issued by Search will be restricted and released over 24 [...]
Search Minerals Inc. , is pleased to announce receipt of assay results for Phase 3 drill holes on its DEEP FOX Critical Rare Earth Element property in SE Labrador. Assays from all 38 drill holes show significant CREE throughout the mineralized zone and mineralization has been observed in all levels . 3 DRILL PROGRAM: DEEP FOX confirmed to have higher grade mineralization and higher widths than FOXTROT; Mineralization [...]
Search Minerals Inc. is pleased to provide a corporate and exploration program update for the Company's recently completed field exploration program for 2021. 2021 FIELD EXPLORATION PROGRAM COMPLETED Deep Fox Over 6000 assays from the recently completed 7000m drill program have been received and are being processed. The Deep Fox drill data will be used to prepare a new resource estimate which will be incorporated into the [...]
Search Minerals Inc. and USA Rare Earth, LLC are pleased to announce that Search Minerals Inc. and USA Rare Earth, LLC have signed a non-binding Memorandum of Understanding for an offtake of 500 tonnes/year of Neodymium / Praseodymium from future production at the Deep Fox or Foxtrot deposits. The parties will continue to conduct customary, commercially reasonable due diligence in advance of entering into any definitive [...]
Search Minerals Inc. is pleased to announce the Company has received at total of $1,100,750 from the exercise of 11,007,500 warrants. Each warrant was exercisable into one common share at a price of $0.10, and as announced in the Company's press release dated August 18, 2021, the Company had accelerated the expiry date of the warrants to September 30, 2021. There were 1,492,500 warrants unexercised and which will be [...]
Search Minerals Inc. is pleased to announce that approximately 80 tonnes of bulk sample material is being prepared at our facilities in St. Lewis, NL to be delivered to our testing partner SGS Canada , ON. The bulk sample from our Critical Rare Earth Element District in SE Labrador will consist of 40 tonnes each from our Deep Fox resource and from our Foxtrot resource. The bulk sample will be used to scale up our [...]
Search Minerals Inc. is pleased to announce that it has commissioned a Preliminary Economic Assessment report on the combined Deep Fox/Fox Trot project with a target date of completion of Q1 2022. The completion of an updated NI 43-101 Mineral Resource estimates for Deep Fox and Foxtrot and completion of PEA 2022 are important next steps as the Company accelerates its "Sprint to Production". The PEA 2022 will also provide [...]
Search Minerals Inc. is pleased to announce that the planned 7000m of the DEEP FOX Phase 3 drill program have been completed. DEEP FOX is located in our Port Hope Simpson - St. Lewis Critical Rare Earth Elements District in SE Labrador. The drill program consisted of 38 drill holes. Currently, we have logged 29 drill holes and sent over 3500 samples for geochemical assay. Our geological team expect to have the remainder [...]
Search Minerals Inc. is pleased to announce that the Company has elected to accelerate the expiry date of certain warrants. On March 11, 2021, the Company issued a total of 12,500,000 warrants which are exercisable at $0.10 per share until March 11, 2022. As previously announced, the Warrants contained a provision that allows the Company to accelerate the expiry date of the Warrants if the closing price of the Company's [...]
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