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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 Jun 15, 2004 2:16pm
150 Views
Post# 7613277

RE: SIRIT Press Release

RE: SIRIT Press ReleaseHi Jeepman. On the Sirit/SMY patent point, there is no way for us to know whether there is infringement. The only way to find out is compare the inner workings of Sirit's system to the patented workings of SMY's MP/MF system. The fact that Sirit's is not MF, isn't material. The question is whether Sirit's MP system uses the MP technology which is part of the SMY patent. If it does, even if the overlap is coincidental, that is, even if Sirit has not misappropriated SMY's technology, that would still be an infringement. Moreover, even if your speculation is correct, that SMY is licensing somebody else patent for its MP/MF reader, that doesn't alter anything. A company (SMY) may be issued a patent even if it incorporates licenced technology belong to a patent holder, so long as the patent of the licensee (SMY) is an improvement or in some way goes beyond the technology that it has licenced. If there is an infringement, and I'm not saying there is, the conventional wisdom, though (as we have recently seen) not the inevitable practice, is to postpone infringement proceedings until the infringing product starts to gain commercial traction. This is particularly the case in an emerging industry. My guess is that SMY will eventually flex is patent muscle, though I have no way of knowing whether it will do so with Sirit. And, incidentally, flexing muscle does not necessarily mean suing. It often involves a polite but firm and persuasive letter which leads to a licencing arrangement.
Bullboard Posts