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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

Bullboard Posts
Comment by musingon Nov 10, 2003 1:52pm
286 Views
Post# 6628590

RE: Questions Reagrding ThinkMagic

RE: Questions Reagrding ThinkMagicLou, there is no way of telling unless one pulls the ThinkMagic reader apart. Remember, one doesn't patent functionality; that is, one doesn't patent the ability of a reader to do MF/MP reading. What one patents is a way of achieving the function. By way of analogy, if patented contraption "A" produces electricity through windpower, then contraption "B" doesn't violate the patent if it produces electricity through a fuel cell mechanism. Of course, this an example of an "easy case". What is the situation when we have patented fuel cell "A" and unpatented fuel cell "B"? Does the company that owns the latter fuel cell require a licence from the Company that owns fuel cell "A". The answer is "it depends"! If the technologies in the fuelcells are entirely different, for example fuel cell "A" is a PEM fuel cell (such as Ballard's) and fuel cell "B" is a hot burning fuel cell such as FCEL's fuel cell, then no licence is required. If the two fuel cells are PEM fuel cells, a licence may be required if the design of fuel cell "B" is based, in whole or in part, on the patented design of fuelcell A. So, if the mechanics of ThinkMagic's reader's are the same or overlap in any significant way with the patneted portion of SMY's reader, then there would be an infringement. If ThinkMagic's mechanism is entirely different, then there is no infringement. There is no way of knowing at this point. The issue has to play out. No doubt ThinkMagic and its potential customers have been or will be recipients of letters from SMY notifying them of SMY's patent and inviting them to discuss licencing. It is standard practice of this kind of notification to be sent out.
Bullboard Posts