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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

Post by Dariuszon Nov 14, 2021 7:28am
228 Views
Post# 34124326

BIG week for Search !!!

BIG week for Search !!!
I think it is a safe bet that we will see the drill results this coming week. The CEO indicated that they did receive them in his interview on InvestorIntel done on Nov 9th; https://investorintel.com/investorintel-video/greg-andrews-on-search-minerals-sprint-towards-rare-earth-production/
A week or so has to be enough time to log and analyze all the data. It's been indicated several times that the grades from Deep Fox are higher than at Foxtrot so the results are certain to show very positive stuff. They indicated 15% higher grades over Foxtrot in couple NRs. Drill results alone should be a big catalyst for the SP to go up because they will automatically project how successful the 43101 and the PEA will be. But the drill results are not the only reason why I think Search will have a big week. Remember that this Thursday the 18th Canadian Prime Minister Justin Trudeau is meeting with the US President Joe Biden. One of the main items on their agenda is to discuss the allied supply of Rare Earths. It's been reported in the media that t he Canadian Prime Minister will be pushing hard for Canadian companies to be front and centre as suppliers of REEs and Search is probably is the closest to production out of a few competitors (estimated by 2024). I'm hoping that those meetings and Rare Earths will get big coverage in the media. They should. This could end up being a huge publicity exposure for Search. The two governments have been talking about REEs for a while and it seems to me it is time for some concrete agreements with expected results being specified. Then I also think that the webinar by Search CEO on November 23rd should be big. Those things are designed to bring positivity and so the drill results will be out by then 100% and there will be other exciting things to talk about. It feels like we are on a verge of a big breakout!
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