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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is an integrated mineral exploration and development company, which is focused on the acquisition, exploration, and development of rare earths elements (REE) mineral properties in Labrador. It focuses on developing critical rare earths elements (CREE), Zirconium and Hafnium resources within the Port Hope Simpson-St. Lewis CREE District of South East Labrador. It controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 km long belt forming a REE District in Labrador. It also controls additional CREE assets in the Red Wine District of central Labrador. These include the drill ready Two Tom Lake CREE-Be-Nb deposit, the Mann #1 CREE-Nb-Be prospect and Merlot CREE Prospect. The Two Tom Property includes mineral licenses 027358M and 016522M in Labrador, Canada. The Red Wine property is located 80 km north-east of Churchill Falls, Labrador.


TSXV:SMY - Post by User

Comment by chico237on Nov 28, 2020 7:42am
594 Views
Post# 31994000

RE:Company they Keep

RE:Company they Keep       Indeed! Search has been dead money & written off a while ago. However why would  "U.S. rare earths a private company" ever give this a look "IF" there wasn't anything there to see??  With the recent find of Hafnium & Zirconium as well as the other REE's & mine potiential in a stable area, location & jurisdiction. (Plus the seperation system, expansion possiblities etc...)
        -Lifton did mention a while back this was just about "shovel ready" in a video.-

       One of the big cons I see is that InCor really has a hold on this company with @20 million in debt. However with @<100 million investment or buy out- (permits/esg principles & updated PEA/ @4 year timeframe-) this could be an operational mine with @1billion npv?
       Search is interesting to me & I am watching this again more closely now...
all imho & do your own dd...
Chico
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