Welcome to our dedicated page for Search Minerals news (Ticker: SHCMF), a resource for investors and traders seeking the latest updates and insights on Search Minerals stock.
Search Minerals Inc. (SHCMF) is a Basic Materials company in the Other Industrial Metals & Mining industry, focused on exploring for and developing Critical Rare Earth Elements (CREE) and transition metals zirconium (Zr) and hafnium (Hf) in Labrador. This news page compiles company‑specific announcements and disclosures drawn from its public releases.
Recent news from Search Minerals highlights its work on the Port Hope Simpson – St. Lewis CREE District of south‑east Labrador, where the company reports control of the Foxtrot and Deep Fox deposits, drill‑ready prospects Fox Meadow and Silver Fox, and additional prospects such as Fox Valley, Foxy Lady and Awesome Fox along a 64‑kilometre belt. The company also reports assets in the Red Wine CREE District of central Labrador, including the Two Tom Lake CREE‑Be‑Nb deposit, the Mann #1 CREE‑Nb‑Be prospect and the Merlot CREE prospect.
Investors following SHCMF news can review updates on non‑brokered private placement financings, shares‑for‑debt transactions, and convertible loan arrangements that the company states are intended to support development of the Foxtrot and Deep Fox mining project and related corporate purposes, subject to TSX Venture Exchange acceptance. Additional releases cover matters such as board appointments, the results of annual general meetings, and grants of stock options under the company’s equity plans.
This page allows readers to track Search Minerals’ disclosed activities over time, including exploration‑related financing decisions, corporate governance updates and changes to its capital structure as reported in its official news releases.
Search Minerals (OTC: SHCMF) closed the second tranche of its previously announced non-brokered private placement for aggregate gross proceeds of C$200,015.90. The tranche comprised 425,600 Units at C$0.235 for C$100,016 and 370,370 flow-through (FT) Units at C$0.27 for C$99,999.90. Each Unit includes one common share and one warrant; each FT Unit includes one flow-through share and one-half warrant. Each whole warrant is exercisable at C$0.35 for 36 months. Gross FT proceeds will fund eligible Canadian exploration expenses at the Foxtrot and Deep Fox projects, while net Unit proceeds will be used for working capital and corporate purposes.
According to Search Minerals, total gross proceeds from the Financing, including the initial tranche, now reach C$815,015.90, with the Unit Financing fully subscribed at its increased C$300,000 maximum. Up to approximately C$285,000 remains available under the FT Financing. The TSX Venture Exchange granted a 30-day extension to file final documentation, to September 23, 2026, with pricing terms unchanged.
Search Minerals (OTC: SHCMF; TSXV: SMY) closed the initial tranche of its previously announced non-brokered private placement for aggregate gross proceeds of C$615,000, with the Unit Financing portion fully subscribed. Red Cloud Securities acted as finder for this tranche.
The Initial Tranche comprised 851,064 Units at C$0.235 each for C$200,000 and 1,537,037 flow-through (FT) Units at C$0.27 each for C$415,000. Each Unit includes one common share and one warrant; each FT Unit includes one flow-through share and one-half warrant. Each whole warrant is exercisable at C$0.35 for 36 months. FT proceeds will fund eligible Canadian exploration expenses at the Foxtrot and Deep Fox projects, while Unit proceeds will be used for working capital and general corporate purposes.
The company plans to close additional tranches, including up to C$385,000 of remaining FT Financing and an upsized Unit Financing of up to an additional C$100,000, for potential remaining proceeds of up to C$485,000, subject to approvals and completion.
Search Minerals (OTC: SHCMF; TSXV: SMY) intends to complete a non-brokered private placement of up to C$1,000,000, comprising up to 851,064 Units at C$0.235 each for proceeds of up to C$200,000 and up to 2,962,963 flow-through (FT) Units at C$0.27 each for proceeds of up to C$800,000.
Each Unit includes one common share and one warrant; each FT Unit includes one flow-through share and one-half warrant, with whole warrants exercisable at C$0.35 for 36 months. FT proceeds will fund eligible exploration at Foxtrot and Deep Fox in Labrador; Unit proceeds will support working capital. The financing may close in tranches and remains subject to TSX Venture Exchange and other approvals.
Search Minerals (OTC: SHCMF) reported voting results from its May 29, 2026 annual general meeting. Shareholders elected directors Rohan Hazelton, Michael Pearson and Diane Poole, reappointed Mao & Ying LLP as auditor, and ratified a 10% rolling stock option plan requiring annual approval under TSXV rules.
Management highlighted board expertise, a positive PEA and validated Direct Extraction Process technology as support for advancing the Foxtrot and Deep Fox rare earth deposits.
Search Minerals (OTC:SHCMF) announced its 2026 Critical Rare Earth Element exploration program in southeastern Labrador, targeting the Foxtrot Deposit and the Fox Run and Awesome Fox prospects.
The plan includes about 32 channels (~715m) of excavator-supported sampling plus 15 tonnes of Foxtrot bulk sample to support a planned demonstration plant using the Direct Extraction Process.
Search Minerals (OTC: SHCMF) completed a shares-for-debt transaction under TSX Venture Exchange Policy 4.3. The company issued 370,000 common shares at a deemed price of $0.50 per share to settle $185,000 of outstanding debt, fully extinguishing these obligations.
The transaction may involve related parties and was conducted in line with TSXV and securities law requirements. The new shares carry a four-month-plus-one-day hold period and the transaction remains subject to final TSXV acceptance.
Search Minerals (OTC: SHCMF) amended its previously announced shares-for-debt transaction dated February 20, 2026.
The company will now settle $185,000 of indebtedness by issuing 370,000 common shares at a deemed price of $0.50 per share, subject to TSXV acceptance and a four-month-and-one-day statutory hold.
The indebtedness represents accrued compensation owed to non-arm's-length parties; the transaction is a related party deal relying on MI 61-101 exemptions and will not create a new control person.
Search Minerals (OTC: SHCMF) announced a grant of 1,800,000 stock options on April 30, 2026. Options are exercisable at $0.50 per share and expire April 30, 2031. Vesting: 1,400,000 vest quarterly over two years; remaining 400,000 vest 100,000 immediately, 150,000 on April 30, 2027, and 150,000 on April 30, 2028. The grant is subject to TSX Venture Exchange approval.
Search Minerals (OTC: SHCMF; TSXV: SMY) launched its 2026 environmental baseline program for the DEEP FOX & FOXTROT rare earth element project in southeastern Labrador. The program supports an Environmental Assessment Registration (EAR) targeted for H1 2027 and gathers hydrology, ecology, atmospheric, fish, and wildlife datasets to inform EAR submission, mine design, water management, and potential port infrastructure while continuing metallurgical optimization and scoping work.
Search Minerals (OTCQB: SHCMF) has commissioned SGS Canada to run a comprehensive scoping study and metallurgical test program for its DEEP FOX and FOXTROT CREE projects in southeastern Labrador. Key deliverables include TIMA-X and Rietveld XRD mineralogy, WHIMS and batch flotation tests, acid bake-water leach validation, and optimized flowsheet data. The company also appointed Dr. David Dreisinger as technical advisor and Qualified Person to support metallurgical test work and process development.