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) has announced plans for non-brokered private placement financings to raise up to $993,847. The financing consists of two parts: a charity flow-through unit private placement of up to 1,487,694 units at $0.50 per unit for gross proceeds of up to $743,847, and a hard-dollar private placement of up to 1,000,000 common shares at $0.25 per share for gross proceeds of up to $250,000.
Each flow-through unit includes one flow-through common share and half of one transferable warrant, with each whole warrant exercisable at $0.65 for 24 months. The proceeds will fund Canadian exploration expenses at the company's Foxtrot and Deep Fox projects in Labrador, while the share financing proceeds will be used for working capital.
Search Minerals (TSXV: SMY) has appointed Michael Pearson to its Board of Directors. Pearson brings over 30 years of international business leadership experience in mining and technology sectors. He currently serves as CEO of CONTAX Inc., a global IT software company, and Petra Holdings, an investment company with mining interests across multiple countries.
As CEO of Search Minerals, Joseph Lanzon highlighted Pearson's extensive experience in guiding companies through growth and transformation, noting his potential contribution to advancing the company's critical rare earth element district in southeastern Labrador from exploration to mining operations.
Search Minerals (TSXV: SMY) has secured two convertible loan agreements to advance its critical minerals projects. The company entered into a $3 million unsecured convertible revolving loan with Petra Holdings Company Inc., with an initial drawdown of $750,000. Additionally, Search Minerals converted $404,053.73 in debt owed to LeadFX into a fixed-term unsecured convertible loan.
Both loans feature a three-year maturity and carry a 15% annual interest rate, payable quarterly. The conversion price is set at $0.50 per share for the first year, with subsequent conversions based on the 10-day average closing price. The Petra loan proceeds will support the development of the company's Foxtrot and Deep Fox mining projects, including equipment acquisition, site operations, and infrastructure development.
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) has successfully completed a debt settlement agreement with certain creditors. The company issued 203,688 common shares to settle a debt of $100,000 (less applicable tax withholdings). The shares were issued on August 11, 2025, and are subject to a four-month hold period as per securities regulations.
This settlement follows the company's previous announcement on July 15, 2025, and has received approval from the TSX Venture Exchange. With this share issuance, the debt has been fully settled and extinguished.
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.