Search Minerals Stock Price, News & Analysis

Search Minerals Inc. (OTC Pink: SHCMD), also listed on the TSX Venture Exchange under the symbol SMY, is a mineral exploration company focused on Critical Rare Earth Elements (CREE)Port Hope Simpson – St. Lewis CREE District in South‑east Labrador.

The company states that it controls a belt approximately 63 km long and 2 km wide in this district. This belt is described as road accessible, on tidewater, and located within three local communities in South‑east Labrador. Within this area, Search has completed a preliminary economic assessment report with resource estimates for the FOXTROT and DEEP FOX deposits, and is advancing several additional exploration prospects.

Core projects and exploration focus

Search Minerals highlights multiple key properties and prospects within its portfolio. The company reports resource estimates for the FOXTROT and DEEP FOX deposits in the Port Hope Simpson – St. Lewis CREE District. In addition, Search is working on three exploration prospects along the same belt: FOX MEADOW, SILVER FOX and AWESOME FOX.

Beyond the Port Hope Simpson – St. Lewis belt, Search also reports work in the Red Wine Critical Minerals District in central Labrador. In this district, the company has conducted channel sampling programs on prospects including MANN #1, TWO TOM LAKE and MERLOT. These prospects are described as containing critical mineral mineralization with elements such as niobium (Nb), beryllium (Be), neodymium (Nd), praseodymium (Pr), dysprosium (Dy), terbium (Tb) and yttrium (Y).

Port Hope Simpson – St. Lewis CREE District

The Port Hope Simpson – St. Lewis CREE District in South‑east Labrador is presented by the company as an emerging district for Critical Rare Earth Elements, Zirconium and Hafnium. Search indicates that this district is accessible by road and tidewater and is located near three local communities. Within this district, Search has focused on the FOXTROT and DEEP FOX deposits as well as the FOX MEADOW, SILVER FOX and AWESOME FOX exploration prospects.

The FOX MEADOW CREE property in South‑east Labrador is described as hosting REE‑Zr‑Hf mineralization in metamorphosed peralkaline volcanic rocks and related subvolcanic pegmatitic zones. According to technical information released by the company, drill holes and surface channels at FOX MEADOW have intersected mineralization containing both light rare earth elements such as Nd and Pr and heavy rare earth elements such as Dy and Tb.

The DEEP FOX CREE property, located in South‑east Labrador about 2 km northeast of the port of St. Lewis and approximately 12 km east of the FOXTROT deposit, has been the subject of multiple phases of drilling and channel sampling. The company reports that mineralization at DEEP FOX occurs from surface through multiple depth levels and that exploration drilling and channeling have expanded the mineralized zone on surface and at depth.

Red Wine Critical Minerals District

In the Red Wine Critical Minerals District in central Labrador, Search has carried out channel sampling programs on the MANN #1, TWO TOM LAKE and MERLOT prospects. The company reports that channels from these prospects show significant values for critical minerals, including Nb, Be, Nd, Pr, Dy and Tb. The mineralization in this district is described as related to peralkaline rocks of the Letitia Lake Group and the Red Wine Intrusive Suite.

The Red Wine District is located in west‑central Labrador, northeast of Churchill Falls. According to the company, access to the Red Wine properties is provided by a three‑season woods road extending from the Trans Labrador Highway to within tens of kilometres of the properties, with helicopter access from Churchill Falls and Goose Bay.

Exploration methods and technical oversight

Search Minerals describes detailed exploration and sampling procedures for its projects. At properties such as FOX MEADOW and DEEP FOX, the company uses diamond drilling and surface channel sampling to obtain geological, structural, geotechnical and geochemical data. Drill core and channel samples are logged, photographed, and sampled by company personnel, with remaining material stored at a core storage facility in St. Lewis.

Samples from these programs are shipped to Activation Laboratories Ltd. (ActLabs) in Ancaster, Ontario, where they are prepared and analyzed using fusion and ICP/ICP‑MS techniques. The company outlines quality assurance and quality control (QA/QC) procedures that include duplicates, coarse duplicates, reproducibility standards and blind standards, along with additional checks of analytical results with other laboratories. ActLabs is described as an ISO/IEC 17025 accredited laboratory.

Search identifies a Qualified Person, as defined by National Instrument 43‑101, who supervises the preparation of and approves the technical information in its exploration news releases. The company states that it aims to maintain high standards of integrity, transparency and consistency in reporting geological and assay data.

Corporate and capital markets context

Search Minerals Inc. trades on the TSX Venture Exchange under the symbol SMY and on the OTC Pink market in the United States under the symbol SHCMD. The company describes itself as being led by a management team and board of directors with prior experience, and notes that it is operating under new leadership that is focused on accountability and timely disclosure of exploration results.

In addition to exploration activities, Search has disclosed corporate developments such as settlement arrangements with certain creditors. For example, the company has announced an agreement regarding the method and manner of payment of remaining debt to specific creditors, involving a combination of common share issuance and cash payment, subject to TSX Venture Exchange approval.

Investors researching SHCMD stock are therefore looking at a mineral exploration issuer focused on Critical Rare Earth Elements, Zirconium and Hafnium in Labrador, with defined deposits at FOXTROT and DEEP FOX, ongoing exploration at FOX MEADOW, SILVER FOX and AWESOME FOX, and additional critical mineral prospects in the Red Wine District.

Key points for SHCMD investors

• Mineral exploration company focused on Critical Rare Earth Elements (CREE), Zirconium and Hafnium.
• Primary focus on the Port Hope Simpson – St. Lewis CREE District in South‑east Labrador.
• Resource estimates completed for FOXTROT and DEEP FOX, based on a preliminary economic assessment.
• Exploration prospects along the belt include FOX MEADOW, SILVER FOX and AWESOME FOX.
• Additional critical mineral prospects in the Red Wine Critical Minerals District (MANN #1, TWO TOM LAKE, MERLOT).
• Shares trade on TSXV (SMY) and OTC Pink (SHCMD).