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 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.
Search Minerals Inc. (TSXV: SHCMF) has announced an amendment to the option agreement for acquiring a 100% interest in the Mann #1 and Two Tom Lake properties. The third anniversary payment of $60,000 cash and 300,000 shares has been rescheduled. This amendment was necessary due to a cease trade order issued by the British Columbia Securities Commission on April 8, 2024. The company's new Board of Directors is working to fulfill reporting requirements to reverse this order, which resulted from the previous management's practices. Shareholders voted to reject the former Board's management at the Annual General Meeting on June 21, 2024.
Search Minerals (TSXV: SMY) has appointed Joseph Lanzon as Interim CEO and Greg Andrews as Interim CFO and Corporate Secretary, following the formation of a new board of directors consisting of Joseph Lanzon, Rohan Hazelton, and Diane Poole. The company is also enhancing its Advisory Board with Dr. Randy Miller leading the exploration team and Ed Moriarity managing communications and environmental engagements. Mr. Lanzon emphasized the importance of reinstating trading activities and advancing fundraising, regulatory, and environmental initiatives. The team aims to keep shareholders informed during this transition and rebuilding phase.
Search Minerals announced the results of its 2024 annual general meeting held on June 21, 2024, in Vancouver.
The meeting was called by concerned shareholders led by Joseph Lanzon. A total of 238,858,052 common shares were voted, representing 57.24% of the issued shares. Shareholders voted to fix the number of directors at three, with 84.67% approval. The elected directors include Joseph Lanzon, Rohan Hazelton, and Diane Poole.
Lanzon emphasized immediate priorities: rectifying financial reporting, completing regulatory filings, and seeking reinstatement of their shares on the TSX Venture Exchange.