Search Minerals Inc V.SMY

What's next for Search?

[Dariusz]

Search Search is currently working on advancing its Direct Extraction Process test work, a resource upgrade, a Preliminary Economic Assessment (“PEA”) completed in Q1 2022 (fully funded), and a demonstration plant (subject to funding) to be operational in 2022. Search targets being ready to build its full-scale rare earths processing plant by the end of 2023 (subject to funding) and once complete to become a North American rare earths producer by about 2025 or shortly thereafter. Current work at the flagship PHS Project consists of taking an ~80 tonnes bulk sample from the Deep Fox and the Foxtrot resources for the testing of the Magnetic Pilot Plant. Catalysts; Assay results from the recent 7,000 m drilling program completed at Deep Fox will be reported very soon once all the results have been received and interpreted. Following this investors can expect an updated resource estimation by the end of, 2021 and the 2022 PEA in Q1, 2022
There will also be news regarding early stage exploration at the company’s Red Wine Complex located in Central Labrador and of other possible district exploration in the following months. Search is making steady progress on their milestones towards production, as they charge towards PEA results in the New Year. Investors can also look forward to assay results, a resource upgrade, direct extraction process test work results, and the 2022 PEA. The 2022 Foxtrot/Deep Fox PEA has potential to improve significantly on the 2016 Foxtrot PEA.

https://investorintel.com/markets/technology-metals/technology-metals-intel/rare-earths-developer-search-minerals-charging-towards-a-2022-pea/