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 (TSXV: SMY) held its annual general meeting on July 24, 2025, where shareholders approved key corporate matters. The meeting resulted in the re-election of directors Joseph Lanzon, Rohan Hazelton, and Diane Poole. Shareholders also approved the reappointment of Mao & Ying LLP as auditors.
The company received approval for its 10% rolling stock option plan and restricted share unit plan. Following the meeting, the Board granted 800,000 stock options to directors, exercisable at $0.33 per share for five years, with 50% vesting immediately and 50% vesting in one year.
Search Minerals Inc. (TSXV: SMY) announced the revocation of its cease trade order (CTO) by the British Columbia Securities Commission (BCSC), effective March 27, 2025. The CTO was initially issued on April 8, 2024, due to the company's failure to file its 2023 annual financial statements and related documents by the March 31, 2024 deadline.
The BCSC had previously amended the CTO with a partial revocation order on September 6, 2024, allowing the company to complete a private placement. Search Minerals subsequently filed its 2023 financial documents on November 20, 2024, followed by additional required continuous disclosure documents on December 20, 2024, to comply with National Instrument 51-102 requirements.
The company is currently working with the TSX Venture Exchange to reinstate trading of its shares.
Search Minerals (TSXV: SMY) has filed its audited Financial Statements and MD&A for the year ended November 30, 2023. The company announced leadership changes with Greg Andrews resigning as Interim CFO and Corporate Secretary. Joseph Lanzon, current Interim CEO and Director, will serve as Interim CFO, while Director Diane Poole becomes Corporate Secretary. The company is working to complete regulatory requirements to lift the current cease trade order, with quarterly filings expected in December. Additionally, Dr. Randy Miller has opened a new field office in St. Lewis, Labrador, and seasonal workers have been rehired for field exploration.
Search Minerals Inc. (TSXV: SMY) has successfully completed the acquisition of 100% interest in the Critical Rare Earth Element (CREE) Two Tom Property in Labrador, Canada. The company fulfilled the final requirements of the option agreement by making a cash payment of $60,000 and issuing 400,000 common shares to the Vendors. The property, comprising mineral licenses 027358M and 016522M, is subject to a 3% Net Smelter Returns Royalty. The agreement was initially announced on June 17, 2021, with an extension provided on August 23, 2024.
Search Minerals Inc. has completed its $1 million convertible note financing with the closing of a second tranche worth $700,000. This follows the first tranche of $300,000 announced on October 7, 2024. The convertible notes mature in one year and carry a 15% annual interest rate. The funds will be used to maintain properties and complete disclosure requirements to lift the cease trade order (CTO) on company shares. After CTO revocation, noteholders can convert principal at $0.05 per share, with interest conversion according to TSX Venture Exchange policies.
Search Minerals Inc. (TSXV: SMY) has closed the first tranche of its non-transferable unsecured convertible notes for $300,000. The notes have a one-year maturity and bear 15% simple interest per annum. After the cease trade order (CTO) is revoked, the principal can be converted at $0.05 per share. The company's Indigenous Partner, NunatuKavut Community Council (NCC), provided the funding, demonstrating their support for the project in Newfoundland and Labrador.
The company expects to complete its audit by late October and aims to have the CTO lifted soon after. The funds will be used to update financial information and reopen the St. Lewis field office for exploration work. Search Minerals continues to build on its 2012 exploration agreement with NCC, ensuring a partnership that respects the rights and interests of NunatuKavut Inuit and local communities.
Search Minerals Inc. (TSXV: SHCMF) has received a partial revocation of a cease trade order from the British Columbia Securities Commission. This allows the company to:
1. Complete a private placement of convertible notes up to CAD 1,000,000 to finance financial statement preparation and operational expenses.
2. Issue 700,000 common shares under option agreements for Two Tom Lake and Mann #1 properties.
The convertible notes will have a one-year maturity and 15% annual interest rate. Funds will be used for audit fees, regulatory costs, and exploration-related expenses. The company aims to finalize its financial statements and regain compliance with regulatory requirements.
Search Minerals Inc. (TSXV: SHCMF) has announced an amendment to the Two Tom Property option agreement in Labrador, Canada. The company has rescheduled the third anniversary payment of $60,000 cash and 400,000 shares due to a cease trade order. The cash payment will be made as soon as possible, while the share issuance is postponed until the cease trade order is lifted, with a validity period until August 16, 2025. An anti-dilution provision will be applied until the shares are issued. The new Board is working to meet reporting requirements and reverse the cease trade order, which resulted from the former Board's mismanagement.
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