Search Minerals Inc. is pleased to report assay results from FOX MEADOW, its third major mineralized zone in it’s Critical Rare Earth Element District in SE Labrador. Trenching/channelling , mapping/prospecting and a UAV Magnetometer Survey indicate that the surface expression of this mineralized zone is up to 124m wide and 650m long. This surface expression is significantly larger than those over the related FOXTROT and [...]
Search Minerals Inc. has postponed filing its annual financial statements, management's discussion and analysis, for the year ended November 30, 2019, due to logistics and delays caused by the COVID-19 pandemic. Search is relying on exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay the filing of its annual documents required by National Instrument 51-102 by March 30 [...]
Search Minerals Inc. is pleased to announce the final results from its bench and pilot plant testing operation at SGS Laboratories in Lakefield, Ontario. An extensive bench testing and pilot plant campaign has been completed at SGS to test engineering and process improvements in the Search Minerals Proprietary Direct Extraction Process. Bench Testing and Pilot Plant Highlights: Tested new methods of acid/ore contact and [...]
Search Minerals Inc. is pleased to announce that the Company closed a debt financing transaction, pursuant to which the Company was advanced an unsecured loan of $100,000 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, payable quarterly. Pursuant to the Loan, the Company issued 2,000,000 [...]
Search Minerals Inc. is pleased to announce that Atlantic Canada Opportunities Agency has approved funding of up to $50,000 towards the completion of two engineering studies to further advance the Company’s Critical Rare Earth Element District in South East Labrador, Canada. The first study will provide an updated cost of capital and operating costs for a full processing facility operating at 2,000 tonnes per day [...]
Search Minerals Inc. is pleased to announce that further to the Company’s news releases dated November 1, 2019 and January 13, 2020 , the Company has received $150,000 from InCoR Holdings Limited . The parties have agreed that the existing $850,000 principal amount of the Debenture together with the $150,000 advance will be rolled over into a new convertible debenture with principal amount of $1,000,000 effective as [...]
Search Minerals Inc. is pleased to present the Company’s plans to position our rare earth element project in the North American REE supply chain. Search has a Critical REE District that currently consists of 43-101 resources at DEEP FOX and FOXTROT. Search has also completed 2 continuous pilot plants which each have produced a 99% high purity mixed rare earth concentrate. The last step to enter the REE supply chain [...]
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 [...]
+11,32 %
-13,55 %
