Search Minerals Inc. is pleased to announce that the Company is conducting a non-brokered private placement of up to 25,000,000 units of the Company at a price of $0.07 per Unit for maximum gross proceeds of up to $1,750,000 . All funds raised in connection with the Offering will be used for general working capital. Each Unit consists of one common share of the Company and one-half of one transferable common share [...]
Search Minerals Inc. is pleased to provide our plans to continue to advance our Critical Rare Earth Element District in SE Labrador, Canada. Search Minerals is a rare earth company founded during the last rare earth cycle starting in 2009. We are excited that our continued exploration work, technology advancements, and support from our many stakeholders, has positioned Search to capitalize on strong market fundamentals in [...]
Search Minerals Inc. is pleased to announce the receipt of funds from the exercise of previously issued warrants. Search has recently received a total of $150,900 from the exercise of 2,370,000 warrants, . The continued support from our loyal shareholders has allowed Search to continue to advance our District with both resource development and our Direct Extraction technology. Search is well positioned to capitalize on [...]
Search Minerals Inc. is pleased to report that SGS Canada Inc. has reported on preliminary metallurgical testing on a channel sample from SILVER FOX for recovery of a zirconium mineral concentrate. SILVER FOX is the fourth major mineralized zone in the Port Hope Simpson – St. Lewis Critical Rare Earth Element District and is enriched in zirconium content in comparison to FOXTROT and DEEP FOX Resources . HIGHLIGHTS [...]
Search Minerals Inc. , is pleased to announce that due to strong investor demand, the Company increased the size of and closed its previously announced non-brokered private placement offering of units of the Company for gross proceeds of $534,000 . Pursuant to the Private Placement, the Company issued 8,900,000 Units at a price of $0.06 per Unit, with each Unit consisting of one common share of the Company and one common [...]
Search Minerals Inc. , is pleased to announce that the Company has purchased property in St. Lewis, Labrador, for a purchase price of $ 210,000. The property is approximately 9180 square meters, which contains our 848 square meter building which is used for our accommodations, kitchen, office, material handling, core sorting and core shack. Search has been leasing this property since 2016 and we would like to thank the [...]
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. VANCOUVER, British Columbia, Dec. 02, 2020 -- Search Minerals Inc. is pleased to announce, further to its news release dated November 12, 2020 , that the Company has completed its previously announced shares for debt transaction and loan [...]
Search Minerals Inc. , is pleased to announce that the Company is conducting a non-brokered private placement of up to 8,500,000 units at a price of $0.06 per Unit for maximum gross proceeds of up to $510,000 . Each Unit will be comprised of one common share and one share purchase warrant , with each Warrant entitling the holder to acquire an additional Share for a period of 2 years at a price of $0.06 in the first year [...]
Search Minerals Inc. , is pleased to announce that InCoR Holdings Limited has agreed to convert its convertible debenture of the Company in the principal amount of $1,000,000, as of November 11, 2020. Additionally, Springhill Investments Ltd. has agreed to convert its convertible debenture of the Company in the principal amount of $500,000, as of November 11, 2020. Each of the InCor Debenture and Springhill Debenture is [...]
Search Minerals Inc. and USA Rare Earth, LLC are pleased to announce that they have entered into a Technical Collaboration Framework Agreement to govern initial cooperation between USA Rare Earth and Search in a number of important areas of mutual interest. Search holds patented Direct Extraction Process technology and owns 100% of a Critical Rare Earth Element District in SE Labrador, Canada. USA Rare Earth is [...]
Search Minerals Inc. is pleased to announce that the Company has signed a Memorandum of Understanding with the Saskatchewan Research Council . The Government of Saskatchewan recently announced $31 million in funding for a Rare Earth Processing Facility in Saskatoon that will be owned and operated by SRC. The SRC Rare Earth Processing Facility is positioned as a catalyst to stimulate the resource sector in Saskatchewan and [...]
Search Minerals Inc. is pleased to report 2020 channel assay results from FOX MEADOW, a major mineralized zone in the Port Hope Simpson – St. Lewis Critical Rare Earth Element District. Trenching/channelling , a UAV magnetic survey and mapping/prospecting outline two mineralized zones on the surface at FOX MEADOW: the NW zone is up to 175m wide and SE zone is up to 116m wide. Combined, the mineralization is at least [...]