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 [...]
Search Minerals Inc. is pleased to announce that it has entered into a non-binding letter of intent to purchase 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 will also include some property transfers between the interested parties. The 15,000,000 common shares will be restricted and released over 24 months, with 25% being released [...]
Search Minerals Inc. is pleased to provide an update on its 7000m drilling program at DEEP FOX, located in our Port Hope Simpson - St. Lewis Critical Rare Earth Elements District in SE Labrador, which begun in June 2021. The drill program commenced June 2, 2021, with our expectation of 7000m of drilling and completion of between 40-45 drill holes. Drilling program objectives: extend the current resource to the 200m level [...]
Search Minerals Inc. , is pleased to announce that its common shares commenced trading today on the OTCQB? Venture Market in the United States operated by the OTC Markets Group Inc. under the stock symbol "SHCMF". The Company's common shares will also continue to trade on the TSX Venture Exchange under the symbol "SMY". The OTCQB offers investors transparent trading in entrepreneurial and development stage U.S. and [...]
Search Minerals Inc. , is pleased to announce that Search Minerals has been selected to participate in the Government of Canada Accelerated Growth Service initiative, which supports high growth companies. AGS, as a 'one-stop shop' model, provides Search with coordinated access to Government of Canada resources as Search continues to move quickly to production and contribute to the establishment of a stable and secure rare [...]
Search Minerals Inc. , is pleased to announce that it has signed a binding letter agreement with Roland Quinlan and Eddie Quinlan for an option to acquire an undivided 100% interest in and to certain claims owned by the Vendors known as the Mann#1, and another claim proximal to Two Tom Lake, . In order to maintain and exercise the Option, Search is required to make cash payments to the Vendors totalling $200,000 and issue [...]
Search Minerals Inc. , is pleased to announce that it has signed an Option Agreement with United Gold Inc, Aubrey Budgell, and Donna Lewis, for an option to acquire an undivided 100% interest in and to certain claims owned by the Vendors known as the Two Tom Property . In order to maintain and exercise the Option, Search is required to make cash payments to the Vendors totalling $200,000 and issue 1,600,000 common shares [...]
Search Minerals Inc. is pleased to announce its 2021 drilling and exploration program for Critical Rare Earth Elements , Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District in SE Labrador, has begun. Ms. Suzanne Butler, our senior geologist, has opened up our recently purchased Fox Harbour House, and welcomed back our employees for a very busy 2021 drilling and exploration season. Our drilling [...]