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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is a Canada-based mineral exploration company that is focused on acquiring, exploring, and evaluating mineral resource properties. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and Red Wine REE District. The Deep Fox Resource is located approximately two-kilometer (km) northeast of the port of St. Lewis on the southeast Labrador coast, within 12 km of the Foxtrot resource. The Fox Meadow Prospect is located approximately 11 km west of Port Hope Simpson and one km northwest of a gravel forest access road which extends southwestward from the Trans-Labrador Highway. The Silver Fox discovery is located 14 km west of St. Lewis, two km west of Foxtrot and about one km south of an all season graveled road. The Red Wine property is located approximately 80 km north-east of Churchill Falls, Labrador and is 100% owned by the Company.


TSXV:SMY - Post by User

Post by Dariuszon Feb 16, 2022 5:03pm
139 Views
Post# 34435492

After the Webinar today;

After the Webinar today;Very encouraging to see Greg being active with news. The webinar was great and reinforced that the company is pursuing goals that they outlined. It is great to see Greg active with messaging the market. Greg said that the PEA is now expected by the end of March or maybe early April. The Pilot Plant is now started with Phase 1 now ongoing. Total cost for all 4 phases will be around $10M and they are expecting 60 to 70% of that to be contributed by he provincial and federal government. I was hoping that an updated 43-101 resource estimate for Deep Fox will come out as sperate news before the PEA but Greg indicated that it will be released in conjunction with the PEA. Greg also spoke about their refining technology and how the initial phase via wet and dry magnetic separation will  save the a lot of costs and dramatically improve financials. That phase was added to their technology recently. He also indicated that the Saskatchewan Research Council SRC will be involved in later phases of the Pilot Plant. He spoke about the rising REEs prices and underlined that their project is now without a doubt economic/profitable and that the PEA will clearly show that.
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