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 (OTCQB: SHCMF) was awarded a $91,000 grant from Newfoundland and Labrador under the Mineral Incentive Program - Junior Exploration Assistance on April 17, 2026.
The funding supported the Company's 2025 exploration program in the Port Hope Simpson - St. Lewis Critical Rare Earth Element district and the Fox Run 2025 channel sampling program.
Search Minerals (OTC: SHCMF) issued an unsecured convertible note for $367,562 to its Indigenous partner, NunatuKavut Community Council, to settle prior indebtedness. $67,562 of accrued interest was capitalized. The note bears 15% interest, converts at $0.50 per share for principal, and matures one year after TSXV acceptance.
The transaction raised no cash, extends repayment terms, was board-approved January 27, 2026, involves a related party, and remains subject to TSXV acceptance.
Search Minerals (OTC:SHCMF) reported 2025 channel sampling at Fox Run, Foxy Lady, Krazy Fox and Silver Fox in southeastern Labrador. Three Fox Run channels returned CREE assays over 6.18–18.18m with Dy up to 200 ppm and Nd up to 1,476 ppm, comparable to the Foxtrot Open Pit Indicated Mineral Resource.
Prospects lie within the same peralkaline unit as Foxtrot/Deep Fox; expanded excavator-supported trenching is planned to test continuity and advance Fox Run toward drill-ready status.
Search Minerals (OTC:SHCMF) announced Shares-for-Debt transactions settling aggregate indebtedness by issuing common shares to creditors to preserve cash and strengthen its balance sheet.
The Company will issue 790,992 shares at a deemed price of $0.50 per share to settle $395,496 of debt; these shares carry a statutory four-month-and-one-day hold. Separately, the TSXV-approved issuance of 808,107 shares on December 1, 2025 settled $404,054 owed to LeadFX and is subject to a four-month hold.
Search Minerals (symbol SHCMF) announced that Joseph Lanzon resigned as Chief Executive Officer and director, effective immediately, on February 3, 2026. The Board thanked Mr. Lanzon and said it will search for a new CEO.
Jason Macintosh, the company CFO, will serve as Interim CEO and Matthew Anderson of Malaspina Consultants will serve as Interim CFO; the Board will provide updates as required under applicable securities laws.
Search Minerals (OTC:SHCMF) announced a shares-for-debt transaction with related party LeadFX to settle $404,053.73 of indebtedness by issuing 808,107 common shares at a deemed price of $0.50 per share on December 3, 2025.
The issuance is intended to preserve cash and strengthen the balance sheet. The shares will be subject to a statutory hold period of four months and one day. The company relied on exemptions under MI 61-101 for valuation and minority approval because the value issued is under 25% of market capitalization. No new control person will be created. Completion is subject to TSXV approval.
Search Minerals (OTC:SHCMF) closed a $3.0M unsecured convertible revolving loan with Petra Holdings and completed an initial drawdown of $750,000 on November 14, 2025. The remaining $2.25M is available for future drawdowns subject to TSXV acceptance. Proceeds are earmarked for the Foxtrot and Deep Fox project (equipment, site operations, infrastructure, technical and environmental work), general working capital and debt reduction.
The loan matures on November 12, 2028, bears 15% interest per annum payable quarterly, and is convertible into common shares: conversion price $0.50 for 12 months, then a 10‑day average (floor = greater of $0.50 and TSXV Market Price). Converted shares have a hold period ending March 13, 2026. Petra may nominate a director while ≥$500,000 remains outstanding or it owns ≥5%.
Search Minerals (OTC:SHCMF) closed non-brokered private placements on November 7, 2025 raising total gross proceeds of $843,847. The Financings comprised 1,487,694 flow-through units at $0.50 (each: one FT share + 0.5 warrant) for $743,847, and 303,030 common shares at $0.33 for $100,000.
Warrants (including 6,000 Finder's Warrants) are exercisable at $0.65 until November 6, 2027. $743,847 of flow-through proceeds will fund eligible Canadian exploration expenses at the Foxtrot and Deep Fox projects in Labrador and are intended to qualify for the Critical Mineral Exploration Tax Credit. Financings remain subject to TSXV final acceptance; hold period expires March 7, 2026.
Search Minerals (SHCMF) announced the appointment of Jason Macintosh as Chief Financial Officer effective October 17, 2025. Mr. Macintosh brings over 25 years of finance experience and most recently served as CFO & Corporate Secretary for STLLR Gold, where he led accounting, controls and finance strategy. The company highlighted Mr. Macintosh’s focus on capital discipline and support for advancing the Deep Fox and Foxtrot critical rare earth elements projects. The Board said the appointment strengthens leadership capacity and supports long-term shareholder value and engagement with community and Indigenous partners.
Search Minerals (OTC:SHCMF) amended terms for previously announced non-brokered private placements to raise up to $993,847 in gross proceeds.
The revised financings include a flow-through unit placement of up to 1,487,694 FT Units at $0.50 per FT Unit for gross proceeds up to $743,847, and a hard-dollar share placement of up to 757,576 Offered Shares at $0.33 per share for gross proceeds up to $250,000. The company increased the hard-dollar price from $0.25 to $0.33.
Each FT Unit includes one FT share and one-half warrant; each whole warrant is exercisable at $0.65 for 24 months. FT proceeds target eligible Canadian exploration expenses for Foxtrot and Deep Fox projects and may qualify for the Critical Mineral Exploration Tax Credit. Financings are subject to regulatory approvals and securities will have a four-month-and-one-day hold period.