Search Minerals Inc. is pleased to report that its 2020 exploration program for Critical Rare Earths Elements , Zirconium and Hafnium in the Port Hope Simpson – St. Lewis CREE District has been completed. Mineralized zones, on the surface, have been expanded at the Awesome Fox, Silver Fox and Fox Meadow prospects; a total of 606 m of channel were [...]
Search Minerals Inc. is pleased to announce that the Company closed its non-brokered secured convertible debenture private placement for gross proceeds of $500,000, as initially announced on June 10, 2020. The Debenture has a maturity date of one year from the date of issuance and will bear simple interest at a rate of 15% per annum, calculated and [...]
Search Minerals Inc. is pleased to announce a non-brokered secured convertible debenture private placement for gross proceeds of $500,000. The Debenture has a maturity date of one year from the date of issuance and will bear simple interest at a rate of 15% per annum, calculated and paid semi-annually. The Debenture will be convertible into units [...]
Search Minerals Inc. is pleased to report that its 2020 exploration program for Critical Rare Earths Elements , Zirconium and Hafnium in the Port Hope Simpson – St. Lewis CREE District has begun. EXPECTATIONS FOR THE 2020 EXPLORATION PROGRAM Program time line – Completed by August 2020 FOX MEADOW program aims to expand the previously successful [...]
Search Minerals is pleased to acknowledge receipt of a grant of $57,600.62 from the Province of Newfoundland and Labrador towards exploration work completed in 2019 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 [...]
Search Minerals Inc. , is pleased to announce that the Company intends to amend the term of a total of 23,495,821 outstanding common share purchase warrants previously issued pursuant to the Company's rights offering that closed on July 5, 2018 and private placement that closed on July 11, 2018 . Pursuant to the Rights Offering, the Company issued [...]
Search Minerals Inc. is pleased to report that SGS Canada has been commissioned to conduct preliminary metallurgical testing on a channel sample from SILVER FOX for recovery of a zirconium and hafnium mineral concentrate. SILVER FOX is the fourth major mineralized zone in the Port Hope Simpson – St. Lewis Critical Rare Earth Element District and is [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
