Search Minerals Inc. , is pleased to announce that that it has entered into a term sheet with InCoR Holdings Limited dated March 6, 2023, pursuant to which InCor will provide a secured term loan to the Company in the principal amount of $2.5 million . The Loan will have a 2-year term and will bear interest at a rate of 22.5% per annum, compounded [...]
Search Minerals Inc. , announces that the settlement of the previously announced termination on a without cause basis of the employment of its Chief Executive Officer has been concluded. In connection therewith, Mr. Greg Andrews has resigned from his position as a Director of the Company and its wholly-owned subsidiaries, Alterra Resources Inc. and [...]
Search Minerals Inc. , announces that Mr. Leo Power has been appointed to the position of interim President and Chief Executive Officer of the Company following the termination by the Company on a without cause basis of the employment agreement with former President and Chief Executive Officer, Greg Andrews. The Company and Mr. Andrews are in [...]
Search Minerals Inc. is pleased to announce that the planned 2,000 m of the FOX MEADOW Phase 1 drill program have been completed. FOX MEADOW, our third major REE mineralized zone, is located in the Port Hope Simpson - St. Lewis Critical Rare Earth Elements District in SE Labrador. The drill program consisted of a total of 14 drill holes and 2000 m [...]
Search Minerals Inc. is pleased to announce the commencement of an initial 2,000m FOX MEADOW Phase 1 drill program. FOX MEADOW is the third major drill target in the Port Hope Simpson - St. Lewis Critical Rare Earth Elements District in SE Labrador. The drill program is expected to commence shortly, as our drilling contractor mobilizes on site this [...]
Search Minerals Inc. is pleased to announce that the planned 14,000m drilling of the DEEP FOX Phase 4 drill program have been completed. DEEP FOX, our second resource, is located within the Port Hope Simpson - St. Lewis Critical Rare Earth Elements District in SE Labrador, Canada. The drill program consisted of a total of 76 drill holes totalling [...]
Search Minerals Inc. , is pleased to provide an update on our 2022 exploration programs in Labrador, Canada. Greg Andrews, President/CEO, comments: "We have had a very busy exploration season so far this year. In addition to managing the exploration program, we expanded our exploration team and expanded our facilities and infrastructure in St [...]
Search Minerals Inc. , is pleased to announce that two bulk samples of mineralization from Deep Fox and Foxtrot have been processed in our PHASE 1 magnetic separation program at SGS Canada . The Deep Fox sample comprises 53 metric tonnes recovered from the exposed surface of the deposit. Similarly, the Foxtrot sample comprises 20 tonnes of surface [...]
Search Minerals is pleased to announce that the Preliminary Economic Assessment NI 43-101 Technical Report on the Deep Fox and Foxtrot Project. The Technical Report, which is dated July 18, 2022, has an effective date of May 31, 2022 and is entitled "Technical Report on the Deep Fox and Foxtrot Project, Newfoundland and Labrador, Canada Report for [...]
Search Minerals is pleased to announce the exercise of 15,364,015 previously issued common share purchase warrants of the Company at an exercise price of $0.07 per Warrant in July 2022 for aggregate gross proceeds of $1,075,481. Each Warrant was exercisable into one common share of the Company until July 12, 2022, as further disclosed in the [...]
Search Minerals Inc. is pleased to announce the results of its Preliminary Economic Assessment for the development of its Deep Fox and Foxtrot Rare Earth Element (REE) deposits located in Labrador and the establishment of a Direct Extraction Hydrometallurgical processing facility on the Island of Newfoundland. The PEA was prepared by SLR [...]
Search Minerals is pleased to provide the following update related to our planned 2022 activities. Greg Andrews, President/CEO comments: “Our team will be working very hard to advance these 2022 activities. Activities needed to continue our “Sprint to Production” as Search seeks to build a secure, sustainable rare earth supply chain in Newfoundland [...]
