Search Minerals Inc. is a junior mining company involved in the identification, evaluation, acquisition, exploration, and development of mineral resources across Canada. Search Minerals Inc. Is a public Toronto Venture Stock Exchange (TSXV) company with shares trading under the ticker SMY. On July 7, 2021, the metal exploration company was listed on the OTCQB market and began trading its common shares under the stock symbol SHCMF.
The Vancouver-based natural resource miner operates the following three projects along the Port Hope Simpson (PHS) Critical Rare Earth Element District in Labrador:
• Foxtrot Resource is a development project situated close to St. Lewis. The project consists of proper infrastructure, including road connectivity, a port facility and an available workforce with community support.
• Deep Fox, earlier known as Deepwater Fox, is situated some 12 kilometers away from the Foxtrot deposit along the Fox Harbour volcanic belt.
• Fox Meadow is situated approximately 11 kilometers west of PHS with access to road infrastructure.
Search Minerals Inc. has had control of the Henley Harbour Project in the southern part of Labrador since April 2010. The project consists of 659 mineral claims covering a total area of approximately 165 square kilometers.
The project hosts three prospective target areas:
• Bad bay and Iceberg Prospects
• St. Peter’s Bay Prospect
• Pleasure Pond
The company also conducts exploration operations in the Red Wine Complex situated in Central Labrador. The Red Wine Complex hosts critical rare earth elements mineralization with nine prospects. According to the previous exploration activities, the Merlot Prospect is a significant part of the project and includes dysprosium, terbium, yttrium, and neodymium.
Search Minerals Inc. is focused on continuing the exploration and drilling work to discover and evaluate new prospects to exploit the full mineral resource potential for the advancement of its projects.