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Chico; Mining week Article regarding Canadian REE production;
https://www.miningweekly.com/article/mining-association-says-canadas-rare-earth-support-too-modest-to-displace-reliance-on-china-2021-04-20
Canadian Government proposed expansion of their Strategic Innovation Fund –
"“We need battery grade nickel, cobalt, lithium and graphite and we are pleased to see programmes and tax measures that we believe can support filling or expanding domestic production of these materials,” said Gratton.
Specific supports targeting REEs, including the establishment of a Critical Minerals Centre of Excellence that will focus on coordinating federal policy and programmes on critical minerals and C$36.8-million over three years for federal research and development to advance critical battery mineral processing and refining expertise, were positive, but modest.
REEs, a subset of critical minerals, are used in a wide range of essential technologies including in healthcare, defence, clean energy and telecommunications. To date, China has coerced the market for these key materials, developing monopoly-like control over their production and distribution, thus rendering the rest of the world reliant on China for procurement. To help address this vulnerability, Canada and the US signed a Joint Action Plan to partner in creating greater North American resilience and independence in the extraction, processing and manufacturing of REEs and magnets."
Hey MB....Search is going to have 20 tons of REE concentrate to play with shortly after the Canada's MAG separation & upgrading of the 70 tons sent in. I'm looking forward to what they will announce too. They are running a pilot plant operation to scale for production using their proprietary methods & in conjunction with Canadian govt. & USARE.-(Watching).
Search dropped their NI-43-101 market compliant report a little over a week ago. Niocorp was running about three weeks behind them due to labs being backed up. So IMHO Niocorp's REE mineral resource report may drop at months end/???? my guess....
The Search Team has been at it since 2010 & have paid their dues... Search is moving to a combined PEA 2nd QTR. 2022 & might need a partner soon into F.S.??
The project should not be CAPEX intensive IMHO & for what they can produce-
"I'm holding into 2023... but will trade a few here & there!...."
Chico; Looking forward to the next news release for Search! Hopefully update on the under way processing!
Waiting for more info and funding for NIOBF! A fence and trail cam were apparently enough to satisfy the air permit requirements for NDEE! ( Probably could have gotten the same result with a few survey stakes w orange flags!)
Looking ahead; see DMEHF, exploration company drilling for helium and noble gases. Purchased a few hundred shares and will watch!
Chico! Thanks Buddy! This is from yesterday and the SP did fall back, but the market is listening!.
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Search Minerals Up Near 20% As Increases Deep Fox and Foxtrot Mineral Resource Estimates
BY MT Newswires
— 10:33 AM ET 04/11/2022
10:33 AM EDT, 04/11/2022 (MT Newswires) -- Search Minerals Inc. ( SHCMF)
on Monday increased the mineral resource estimates for its Deep Fox and Foxtrot critical rare earth element properties in southeast Labrador, pushing its shares almost 20% higher at last look.
The company said it updated the estimates based on results from the recently completed Phase 3 drill program at Deep Fox and new metallurgy recovery data and updated rare earth price forecasts for both properties.
The Deep Fox mineral resource has increased by about 25% from the 2019 estimate that was based on the Phase 1 and Phase 2 drill programs. The Foxtrot mineral resource has increased by about 60% from the 2016 estimate.
The revised estimates for Deep Fox include 5.05 million tonnes of open pit and underground indicated resource and 3.3 million tonnes of total inferred resource. The company revised Foxtrot estimates to about 10.04 million tonnes of total indicated resource and 3.0 million tonnes of total inferred resource.
"The updated Mineral Resource estimate provides the anticipation of an extended project mine life and increased production of rare earth elements for our upcoming Preliminary Economic Assessment report," said Greg Andrews, President and CEO of the company."
Price: 0.22, Change: +0.03, Percent Change: +19.44 Cdn $
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited."
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What is happening in Shanghi is pretty bad. People are jumping from their balconies.
I think that people are starting to move into commodity stocks. Russia is requiring payment for energy in Rubles or Gold. Not good for the US $.
(See SHCMF. Going up, but I do not see any news. AU/AG?)
Unless investors suddenly drop 1 Billion on NioCorp I think that Search will beat them to REE production!
Hey MB! In China they lock all the people in their apartments & weld the doors shut because their vaccines are crap & zero tolerance! MAJOR FUBAR indeed MB! That article sums up the mess of the reliance upon a "long-strung out supply line" & the need to rebase back home for all so many reasons.
The U.S. people are far from perfect, but dam huh! .....
I think Search will go a bit higher to .20 to .30/range on the PEA. The only real fault with Search is the shares outstanding. Many shares are in strong hands & many are in the hands of local folks in and around the project. Not so unlike Niocorp!
It is nice to know the people surrounding these projects believe & have done so for many years. They should benefit from Search going into production as I do believe they have one of the TOP Canadian pure REE plays! & "could" 10x from here to the $1.50 range by 2023...
Time will tell...but this team has also put in the leg work & are well respected. I think they are ahead of the curve on their project as well. All IMHO...
Appreciate you MB!
Chico
Chico; Right now shipping in China is backed up.
(Shanghi lockdown)
https://www.freightwaves.com/news/cargo-backlog-ripples-beyond-shanghai-as-lockdown-stops-trucks
Has to have some sort of effect on inports of magnets and exports of raw REE material sent to China. This is a good opportunity for Canada and Labrador!
I do not think SHCMF will remain at this price long.
Hey Doug! Search has 20-TONS of REE oxides! for phase II.
http://www.searchminerals.ca/news/news-releases/search-minerals-magnetic-separation-of-bulk-samples-commences-at-sgs-canada
The SGS program involves crushing and grinding the bulk samples and feeding a series of magnetic separation devices to produce:
1) A magnetic concentrate by Low Intensity Magnetic Separation (LIMS) containing predominantly magnetite (an iron oxide mineral),
2) A magnetic concentrate by Wet High Intensity Magnetic Separation (WHIMS) containing the majority of the rare earth element values in the original sample and
3) A final non-magnetic material fraction containing non-magnetic material, including the zircon mineral containing zirconium and hafnium.
The testing will be carried out at a scale of over 500 kg per hour of material treatment for the next few weeks. The results of the testing will be used as part of our “scale up” to a full commercial magnetic separation plant. The LIMS concentrate will be evaluated for sale as a potential iron ore concentrate. The WHIMS concentrate will comprise 18-20 tonnes of material from the two bulk samples. This concentrate will be used as material for our PHASE 2 program to further study and scale up the Direct Extraction Process for rare earth recovery. Finally, the non-magnetic concentrate will be studied for zirconium and hafnium recovery by flotation.
Doug-
I "love" the processes too! Search ore bodies which are "Clean & free of radio-actives" & can be concentrated via WHIMS & (SX) plus the fact that the resource is "MUCH" larger (an entire District!). I am expecting a low CAPEX/OPEX of @$150M (to get OP & separation going) for the combined OP- projects, & twice that for NPV$. The upcoming PEA will tell the tale shortly.
Search is ahead of the CURVE as well! IMHO & should be the only Canadian Owned REE Critical Mineral Project in CANADA very soon! Should qualify for some Canadian "Cheese" as they are working hand in hand with the govt. now. They might also seek a partner & USARE is watching indeed!
All IMHO & form your own conclusions!
Chico
I love that:
"
they can mag separate the ore to concentrate minerals prior to separation via (SX) & their proprietary methods.
"
By mag separating they reduce the mass of material that has to be dissolved in acid, lower OPEX, and maybe CAPEX.
Hey MB! Very happy with the pounds in the ground! Search is working now to incorporate this information combining both sources into a PEA due mid 2022.
The Canadian govt. is working right along side of Search Minerals & I’m sure USRAE is watching. Again this is a long term hold till 2023 for me with a core position. This has 10x from here imho… Note this is only a small portion of the entire REE holdings for Search (just the beginning!) Plus they can mag separate the ore to concentrate minerals prior to separation via (SX) & their proprietary methods.
All speculation & opinion on my part. Form your own conclusions!
Go team Search!
I want to see those nyodimium bars!
Chico
Chico! Thank you for posting! (Beat me to it!) Should be a good up day!
Search Minerals Announces Increased DEEP FOX and FOXTROT Mineral Resource Estimates
https://finance.yahoo.com/news/search-minerals-announces-increased-deep-090000211.html
Wonderful NI-43-101 Mineral Resource report! BOTH Deep Fox & Fox Trot are open at depth & when combined into a PEA mid 2022... very exciting indeed!
Seach Minerals is already working with the Candian govt. & USARE.... & will need a partner into the F.S. later this year. Search is utilizing magnetic separation & then SX! "Tried & true methods"////
Chico
Almost 8 weeks since bulk samples were received for testing. Nice volume today…. Search Minerals can use Magnetic Separation to concentrate the minerals prior to utilizing “tried & true” SX Separation similar to Niocorp. The ore bodies are clean materials not encumbered by radioactives & can be Open pit mined.
This is one of my favorite Pure play Canadian Rare Earth mine prospects. As they race to production a PEA is coming to be followed by a F.S.
USARE is already working with Search as is the Canadian Govt. Search will need a partner soon as they execute their plan.
Form your own opinions & conclusions…
Chico
Chico; Thanks buddy! Price is up today! I keep waiting for info on that 57 ton test run and I think some additional core samples.
No, I suspect that every CEO tends to shoot high and Pini with USA Rare Earths is having the same problems as Niocorp. Roundtop has as lab or processing facility in Wheat Ridge CO which is not far from NioCorp HQ.
I sold some Ishares gold IAU and moved the money into Wheaton Precious Metals which gives me some exposure to that market. (Not the physical metal.) I wonder how Rare Earths and SHCMF will do in comparison? ( WPM does issue dividends so there is that....)
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This is an interesting thing. I just saw it today so not sure yet what to make of it. (Nothing good if true!)
https://www.armstrongeconomics.com/world-news/taxes/ecash-bidens-attack-on-the-financial-markets/
(Weasels!)
Hey MB! It is odd USARE hasn't gone SPAC either as they look to from a mine to magnet strategy & will need a diverse supply. Like Niocorp they need finance too! lol
Could'nt agree more the world is topsy turvy. Gold & Silver are great to hold, not a fan of Bitcoin. The U.S. is looking at a digital dollar? Yeesh..
Ah well holding some & did sell Appia shares moving out of some plays into a few lithium plays currently have. Respectfully Chico
Chico; As always, thank you for analysis and comments! I think that Covid has been a major disruption for world economies (possibly deliberately!)
Maintaining my holdings in SHCMF and NIOBF.
https://www.globenewswire.com/news-release/2021/10/20/2317844/0/en/Search-Minerals-and-USA-Rare-Earth-Enter-Non-Binding-Memorandum-of-Understanding-for-an-Offtake-Agreement.html
VANCOUVER, British Columbia, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) and USA Rare Earth, LLC (“USA Rare Earth”) are pleased to announce that Search Minerals Inc. and USA Rare Earth, LLC have signed a non-binding Memorandum of Understanding (“MOU”) for an offtake of 500 tonnes/year of Neodymium (Nd) / Praseodymium (Pr) from future production at the Deep Fox or Foxtrot deposits. The parties will continue to conduct customary, commercially reasonable due diligence in advance of entering into any definitive agreements. In addition, USA Rare Earth exercised 4,500,000 warrants as part of the Accelerated Warrant program as announced in the Company’s press release dated August 18, 2021. Each warrant was exercisable into one common share at a price of $0.10, and as announced in the Company’s press release dated August 18, 2021, the Company had accelerated the expiry date of the warrants to September 30, 2021.
This MOU is part of Search’s and USA Rare Earth’s development plans to expand the collaboration to include discussions regarding separation, marketing and offtake of a portion of the future production at Deep Fox and Foxtrot. These discussions are in line with Search’s ambition to be an important contributor to the development of a North American Critical Material supply chain and USA Rare Earth’s strategy of Mine-to-Magnet processing and the development of a complete and sustainable North American rare earth supply chain.
On November 10, 2020 Search and USA Rare Earth jointly announced a Technical Collaboration Framework Agreement whereby the two companies would work on several initiatives.
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Russia is now requiring payment for oil in either Rubles or Gold, so I do not think it is bad to have some precious metals mining stocks as well as the metals themself.
I held NAK at one point. Currently have ENDMF. I will post some comments about gold to the ENDMF board.
Appia; I have been very hesitant about Bit Coin although I understand its attraction. (Canada attempted to shut down some form of bit coin owned by truckers and was told to shove it, there are no "accounts" over which we have control.")
My concern is that at some point Governments or their Central banks will attempt to force everyone onto digital currency whose value can then manipulated to implement the social policy of the day.
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USA rare earths still has not achieved SPAC Financing?(like some other projects that are taking time and not a lot explaining why it takes so long lol!)
SEARCH has funding to complete pilot plant testing along with the Canadian test facilities currently ongoing. PEA is also in the works & they will need a partner into a F.S. Imho.
Continue to hold my shares here long term as I consider Search to be a top/key future Canadian producer of REE’s . They intend to utilize SX separation like Niocorp.
Appia firing on all cylinders as well though I’m looking seriously at selling my shares there & switching to the La Paz project (t.b.d.)
I wonder if Pini knows Mark Smith & is aware of Elk Creek? Lol
Appreciate your post MB food for though indeed!
Chico
Kmack, Chico237, Douginil: Pini Althaus of USA Rare Earth quoted in this article:
https://www.army-technology.com/features/securing-the-rare-earth-supply-chain-is-crucial-for-defence/
Snip... "Whereas the US produces some of the minerals mentioned above, it entirely relies on China and other countries for many other supplies. Cerium is used in batteries and in most devices with a screen and magnets forged from neodymium and samarium are impervious to extreme temperatures that are used in fighter jet fin actuators, missile guidance, control systems, aircraft and tank motors, satellite communications and radar and sonar systems.
Supply chain."...
snip
..."Founder and advisor to the board at USA Rare Earth Pini Althaus tells Global Defence Technology: “That’s an extremely precarious position for any country to be in. The only way to have a secure supply chain is to start developing projects in this country [the US].”
Snip...
"Althaus thinks REE infrastructure could be built in a safe way and the problem that does not allow the break-away from Chinese dependence lies in the red tape. “It’s so much bureaucracy around permissions, you’ve got NGOs and others that step in the way and make it very difficult for projects in certain parts of the country to actually be developed,” he says.
“And we’re not talking about going into a national forest and start to mine there. We’re talking about places where you’d have a mine in Nevada or elsewhere, where there really no environmental concerns. But concerns are being either invented, fabricated or manufactured."
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Technical agreement between Search and USA Rare Earths
http://www.searchminerals.ca/news/news-releases/search-minerals-and-usa-rare-earth-enter-into-technical-collaboration-framework-agreement
(I have not heard much about this in a while! We are still waiting on the results of the what...57 ton crush and REE Recovery in Quebec?)
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USA Rare earths is also part owner of Round Type REE Project in Texas;
(KMACK Thanks for posting this on the Niobf board!)
Chico; Thank you for posting! I will take a look at it tomorrow!
NioCorp and Search sound like they will start producing at about the same time! Lets hope that a partner steps up and makes it happen!
UPDATE 3/9/22 -Search Minerals (SMY) - Rare Earths Producer with Proprietary Technology
kmack49;Chico237;Douginil
Kmack; Your article/link posted on NioCorp board! Stole it and am posting here! (Thanks!) Canadian company, but still potentially part of the N American supply chain.
https://elements.visualcapitalist.com/the-50-minerals-critical-to-u-s-security/" rel="nofollow" target="_blank" >https://elements.visualcapitalist.com/the-50-minerals-critical-to-u-s-security/The 50 critical Minerals critical to uS Security[/tag]
(Hafnium was listed prominently at the top. Search Mineral drillings have found Zirconium/Hafnium Mineralization in one of their target drillings.)
From
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http://searchminerals.ca/
"What are Critical Rare Earth Elements?
The New CREEs (their oxides termed by Adamas Intelligence as "neo-CREOs") have been identified as Neodymium (Nd), Praseodymium(Pr), Europium (Eu), Dysprosium (Dy),Terbium (Tb) and Lanthanum. This valuable subset of the complete series of seventeen rare earth elements is considered critical due to high demand and/or constrained domestic supply. Containing unique properties which enhance the performance of a range of innovative technologies, CREE are essential components in the development of permanent magnets and a variety of other components used in renewable energy, green technology automobiles, medical devices, consumer electronics and industrial and military applications."
2019 Search Minerals Technical Report here;
2019 Searchminerals report
Chico. Thanks for posting! High points of the video.
SHCMF had successful financing, have $7 million cash. Hiring 13 new workers to support this years 14,000 Ft drilling program. Grinding/Extraction has begun on 80 tons of REE material. They have made improvements and want to Get the PEA and move on to the Environmental Review process.
Discussion of EV expansion and see Search as being well positioned to respond to this expansion. Prices of magnetic REEs have tripled since 2020. Not many operating deposits outside of China.
Last pea was 2016 and was based only on Foxtrot. 5 points on the The 2022 updated PEA.
1) It will include Deep Fox, which has higher REE grades than Foxtrot.
2) By mining Deep Fox they expect to increase production from 1000 to 2000 tons per day.
3) They expect the open pit mine life to increase from 15 to 20 years.
4) Their magnetic recovery bench test and scale up technology has increased REE recovery from 79% to 90%. Deep fox has a 15% higher REE Grade than Fox Trot
5) They are updating their flowsheets and make the NPD and make the bottom more robust.
They want to Get the PEA and move to Permitting Review. (Environmental Review process. No firm date mentioned.)
He makes the point that the 2022 PEA will show that they are economic at current REE prices which they could not say with the 2016 PEA, which will make it easier to decide to invest.
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Not mentioned: I did not hear any reference to USA Rare Earth LLC or their proposed SPAC. This involved speculation that it might result in purchase of the company but there has been no further information about this.
I think that SHCMF will proceed as though a USA Rare Earths SPAC and any assistance will not happen. My thought is that they will seek their own funding sources to allow them to start operations as soon as possible (Not I think this year). So far they appear to be successful at raising capital. If a SPAC outside the company does happen they can always revisit this issue. (They still have the agreement regarding the REE supply chain to the NC Magnet plant as far as I know.)
Everything from the line on down is my speculation. This is not based on any company information.
2/22/2022- Greg Andrews on Search Minerals “Sprint to Production” with its rare earths deposits in Labrador
Chico; That is a pretty substantial sample!
Lets hope for good news on the Zirconium/Hafnium!
No recent news from USA Rareearths, no word on a public offering. I suspect that Search is moving ahead and will not rely on them.
https://www.usare.com/news
I suspect that Search will focus on starting up with small, sustainable mining as soon as possible.
Thanks MB! Scaling UP..over 70 tons of materials sent in! (That is a large sample indeed!!)
https://www.globenewswire.com/news-release/2022/02/16/2386513/0/en/Search-Minerals-Magnetic-Separation-of-Bulk-Samples-Commences-at-SGS-Canada.html
Greg Andrews, President/CEO states; “We continue with our “Sprint to Production” and this is a very important step to scale up and produce more material for further separation into individual oxides of the permanent magnet material, Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and Terbium (Tb). These are the key elements which create the value in the rare earth element supply chain. Upon producing the oxides, Search will demonstrate the transformation of the permanent magnet oxides into metal.”
Encouraging. Thanks for posting
Chico, Douginil, Wyomingdude, all
Email message from Search Minerals recieved Wed, Feb 16 at 11:34 AM
Note; From the exposed surface of the deposit.
Very positive if you can start paying off the Debt beginning with actual mining operations.
Looking forward to the results of their sample run!
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Search Minerals Magnetic Separation of Bulk Samples Commences at SGS Canada
VANCOUVER, British Columbia, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”), is pleased to announce that two bulk samples of mineralization from Deep Fox and Foxtrot have been received and are being processed in our PHASE 1 magnetic separation program at SGS Canada (Lakefield) (“SGS”). The Deep Fox sample comprises 52.9 metric tonnes recovered from the exposed surface of the deposit. Similarly, the Foxtrot sample comprises 19.8 tonnes of surface material.
The SGS program involves crushing and grinding the bulk samples and feeding a series of magnetic separation devices to produce:
(1) a magnetic concentrate by Low Intensity Magnetic Separation (LIMS) containing predominantly magnetite (an iron oxide mineral),
(2) a magnetic concentrate by Wet High Intensity Magnetic Separation (WHIMS) containing the majority of the rare earth element values in the original sample and
(3) a final non-magnetic material fraction containing non-magnetic material, including the zircon mineral containing zirconium and hafnium.
The testing will be carried out at a scale of over 500 kg per hour of material treatment for the next few weeks. The results of the testing will be used as part of our “scale up” to a full commercial magnetic separation plant. The LIMS concentrate will be evaluated for sale as a potential iron ore concentrate. The WHIMS concentrate will comprise 18-20 tonnes of material from the two bulk samples. This concentrate will be used as material for our PHASE 2 program to further study and scale up the Direct Extraction Process for rare earth recovery. Finally, the non-magnetic concentrate will be studied for zirconium and hafnium recovery by flotation.
Dr. David Dreisinger, Director/Vice-President of Metallurgy states; “The benefit of producing a concentrate, using the grinding and magnetic circuit, prior to our proprietary Direct Extraction Process, is the reduction in size of equipment and reduced chemical and energy use to obtain similar overall recoveries of saleable rare earth elements.”
Greg Andrews, President/CEO states; “We continue with our “Sprint to Production” and this is a very important step to scale up and produce more material for further separation into individual oxides of the permanent magnet material, Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and Terbium (Tb). These are the key elements which create the value in the rare earth element supply chain. Upon producing the oxides, Search will demonstrate the transformation of the permanent magnet oxides into metal.”
Qualified Person:
Dr. David Dreisinger, Ph.D., P.Eng, is the Company’s Vice President, Metallurgy, and Qualified Person (as defined by National Instrument 43-101) who has supervised the preparation of and approved the technical information reported herein. The company will endeavour to meet high standards of integrity, transparency, and consistency in reporting technical content, including geological and assay (e.g., REE) data.
Chico237, Douginil, All
The good thing is that Search Minerals wants greater exposure to investors. They appear to be serious about raising capital and have someone with experience to assist them in doing this. (Pretium is only onboard for 6 months so if its not working out they can move along. If it is easy to extend the contract.)
https://www.digitaljournal.com/pr/search-minerals-expands-advisory-committee-and-engages-investor-relations-firm
"Pretium principal, Mr. Dahl, has a proven record of being able to increase investor awareness and liquidity. Mr. Dahl was previously a vice-president and investment adviser with National Bank Financial, a leading Canadian investment dealer. In addition to managing a $150-million retail book and achieving Chairman’s Council level, Mr. Dahl participated in numerous capital raises totaling over $100 million directly for various issuers with total issuer financings of $1 billion on behalf of retail and institutional clients over a 20-year career.
Pretium shall receive a monthly remuneration of $5,000 per month and the contract expires August 31, 2022."
More News releases same subject news release.
https://www.marketscreener.com/quote/stock/SEARCH-MINERALS-INC-49478191/news/Search-Minerals-Expands-Advisory-Committee-and-Engages-Investor-Relations-Firm-39469011/
https://www.globenewswire.com/news-release/2022/02/14/2384700/0/en/Search-Minerals-Expands-Advisory-Committee-and-Engages-Investor-Relations-Firm.html
Chico! Getting it posted before I could! (Good deal!)
"Search Minerals Expands Advisory Committee and Engages Investor Relations Firm"
"Mr. Baxter has over 35 years experience in design and commissioning of process plants including innovative and technically challenging plants."
"Mr. Baxter and Mr. Krusen will be invaluable with helping Search advance its “Sprint to Production” plan."
Excellent!
We both know from other projects the amount of time and effort it takes to get a mine up and going. The fact that this will be a relatively shallow surface operation with access to Electricity, Transportation, and Labor should keep their CAPEX low.
Tax income and employment give the local Labrador authorities a big incentive to support this project!
Greg Andrews et.al. are serious and are not waiting around! Hoping in the next year for that US $1.50 S/P that someone suggested!
Very Glad to hear that you & your family are doing & feeling better! Welcome back to the boards! Looking forward to your input & thoughtfulness!
Search Minerals Expands Advisory Committee and Engages Investor Relations Firm
https://finance.yahoo.com/news/search-minerals-expands-advisory-committee-202000344.html
VANCOUVER, British Columbia, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”), is pleased to announce that Search will significantly bolster its expertise with the addition of Ken Baxter and W. Andrew Krusen, Jr to its Advisory Committee. We are also pleased to engage Pretium Capital Group for investor public relations and related communication services.
ADVISORY COMMITTEE APPOINTMENTS
KEN BAXTER
Ken Baxter holds a Bachelor of Science Geology and a Master of Scientific Studies, both from the University of Queensland in Australia. Mr. Baxter has over 35 years experience in design and commissioning of process plants including innovative and technically challenging plants. He has successfully managed design teams for gold and base metals, predominantly copper and he was responsible for the design of the Mt. Gordon and Sepon hydrometallurgical plants and for the Kansanshi Autoclave plant.
Mr. Baxter is a member of the Australasian Institute of Mining and Metallurgy (AUSIMM) and is currently an independent consultant with Chaparell Pty Ltd.
W. ANDREW KRUSEN, JR
Andy Krusen holds a Bachelor of Arts degree in Geology from Princeton University. He is Chairman of Dominion Financial Group, Inc., a merchant banking organization that provides investment capital to the natural resources, communications and manufacturing and distribution sectors. He is also the managing member of Krusen- Douglas, LLC, a large landowner in the Tampa, Florida area.
Mr. Krusen serves as a director of publicly traded Alico, Inc., an agribusiness and land management company as well as several privately held companies, including, Lumina Analytics, LLC, and EcoLandCo., LLC.
He is currently a director and Chairman of Florida Capital Group, Inc.- a Florida bank holding company, as well as Florida Capital Bank, N.A., its wholly owned subsidiary.
Mr. Krusen is a former member of the Young Presidents’ Organization and is currently a member of the World President’s Organization and the Society of International Business Fellows. He is past Chairman of Tampa’s Museum of Science and Industry.
Greg Andrews, President/CEO states: “We are pleased to welcomed Ken Baxter and Andy Krusen to our Advisory Committee. The depth of technical expertise and business acumen brought to Search Minerals by Mr. Baxter and Mr. Krusen will be invaluable with helping Search advance its “Sprint to Production” plan.”
INVESTOR RELATIONS
Search is pleased to announce the engagement of Pretium Capital Group ("Pretium") by its principal, Mr. Sherman Dahl, to provide media and investor relations services to the Company. Pretium has been retained on a six-month contract basis to advise the Company with respect to its public communication materials, to manage the social media accounts of the company and provide content, to assist in market awareness efforts, assist management in developing a strategy to enhance and expand the Company's exposure, and support corporate development initiatives.
Pretium principal, Mr. Dahl, has a proven record of being able to increase investor awareness and liquidity. Mr. Dahl was previously a vice-president and investment adviser with National Bank Financial, a leading Canadian investment dealer. In addition to managing a $150-million retail book and achieving Chairman's Council level, Mr. Dahl participated in numerous capital raises totaling over $100 million directly for various issuers with total issuer financings of $1 billion on behalf of retail and institutional clients over a 20-year career.
Pretium shall receive a monthly remuneration of $5,000 per month and the contract expires August 31, 2022.
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.
Search has continued to optimize our patented Direct Extraction Process technology with the support from the Department of Industry, Energy ad Technology, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining. We also recognize the continued support by the Government of Newfoundland and Labrador for its Junior Exploration Program.
Chico; Glad to be back!
Everyone is getting better Thanks! (Visiting her in the hospital and I caught Coof I had avoided up to that point, so its like climbing back out of a dark hole!)
New mining management and an updated PEA on the way! Looking forward to 2022!
Welcome back MB! New update adds to the suspense- I agree...
Search Minerals Exploration Update for 2022 Sprint to Production
https://www.yahoo.com/now/search-minerals-exploration-2022-sprint-202300946.html
Hope you, your daughter & your family are doing better sir! Nice to see you back.
Regards
Chico
Chico; Douginil; Wyomingdude
SEARCH MINERALS 2022 EXPLORATION PROGRAM
This has not been posted to the Search Minerals website.
https://www.yahoo.com/now/search-minerals-exploration-2022-sprint-202300946.html
Search Minerals Inc
Fri, February 11, 2022, 2:23 PM·3 min read
Search Minerals Inc
Search Minerals Inc
VANCOUVER, British Columbia, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”), is pleased to announce a corporate update regarding our upcoming 2022 exploration program. Our treasury is currently over $ 7.0M, which includes our recent $ 6.3M financing. This treasury will be used to accomplish the goals outlined below.
2022 EXPLORATION PROGRAM
The Company is well positioned to execute on its “Sprint to Production”. We are currently preparing our work programs for Deep Fox, Fox Meadow, Fox Valley, and other prospects within our Critical Rare Earth Element District in SE Labrador. We will also carry out some exploration on our Red Wine Rare Earth Element District in central Labrador. We are expanding our work force and planning for early mobilization to our field office in St. Lewis.
Deep Fox Project
We completed a very successful 7,000m drill program in 2021 and are preparing a 2022 work program which will consist of up to 14,000m of drilling. We are looking to potentially expand the current pit design, gather geotechnical information and carry out infill drilling to better define the resource. We will utilize 2 drilling rigs for the drill program, which will commence around May 15, 2022.
Fox Meadow Prospect
We completed a successful channel sample program in 2021, and the Fox Meadow prospect is drill ready. We have planned approximately 6,000m of drilling to further assess the underground potential of this prospect and an additional 500m of channels to expand the surface extent; REE mineralization is open along strike and at depth. Once the Deep Fox drill program has been completed, the drills will mobilize to begin the Fox Meadow program.
Other Prospects
We will continue channel programs on the Silver Fox, Awesome Fox and Fox Valley prospects.
Greg Andrews commented: “We are very excited about completing our current financing. We have over $ 7M in treasury, which is allowing us to initiate our ambitious plans in 2022. The recent macro developments in the rare earth market, including significant price increases for the permanent magnet REE’s, along with a forecasted supply deficit, has allowed Search to capture funding opportunities looking for advanced projects in North America. Our Deep Fox project is one of those projects, but the other attraction, is our District Scale opportunity that also includes the Foxtrot resource, and the drill ready Fox Meadow mineralized zone. Search is completing a Preliminary Economic Assessment ("PEA") on the Deep Fox project to be completed late March 2022, which will be followed immediately by commencement of a Definitive Feasibility Study for completion in 2023.”
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.
Search has continued to optimize our patented Direct Extraction Process technology with the support from the Department of Industry, Energy ad Technology, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining. We also recognize the continued support by the Government of Newfoundland and Labrador for its Junior Exploration Program.
For further information, please contact:
Greg Andrews
President and CEO
Tel: 604-998-3432
E-mail: info@searchminerals.ca
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Search Minerals Up 13% as It Outlines Exploration Plans for its Labrador Rare-Earths Properties
BY MT Newswires
— 3:30 PM ET 02/11/2022
03:30 PM EST, 02/11/2022 (MT Newswires) -- Search Minerals ( SHCMF
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was up 13% after the company on Friday outlined exploration plans for its rare-earths properties in Labrador.
The company said it plans to drill its Deep Fox, Fox Meadow, Fox Valley projects while sampling other properties after completing a C$6.3 million financing.
"We are very excited about completing our current financing. We have over $ 7M in treasury, which is allowing us to initiate our ambitious plans in 2022. The recent macro developments in the rare earth market, including significant price increases for the permanent magnet REE's, along with a forecasted supply deficit, has allowed Search to capture funding opportunities looking for advanced projects in North America," chief executive Greg Andrews said in a release.
Search shares were last seen up C$0.02 to C$0.18 on the TSX Venture Exchange.
Price: 0.18, Change: +0.02, Percent Change: +12.50
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
Lots of Info given. Is there a charge for subscription?
Hi
Anyone interested in the Rare Earth Elements world I recommend getting on the mailing list of "The Rare Earth Observer" https://treo.substack.com. A lot of information and data.
On China: RE-Related Output 2021, RE 5-Year Plan, First Half 2022 Quota, 2021 RE Imports & Exports; Funds Flee RE Sector; Murky Quadrant; ASM's Uranium; January RE Stock Performance;
Rare Earths 2022
February 6, 2022
https://treo.substack.com/p/on-china-re-related-output-2021-re?token=eyJ1c2VyX2lkIjo0MTg0ODA0MiwiXyI6Ii9scm00IiwiaWF0IjoxNjQ0MTYyNzUwLCJleHAiOjE2NDQxNjYzNTAsImlzcyI6InB1Yi01MDQ4MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.kHqBZI3z0L8nSrVtiaavvPqdl_02LswzaEe7lX2QnI0
InvestorTalk.com with Greg Andrews from Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF)
https://investortalk.com/upcoming-events/ola/services/investortalk-com-with-greg-andrews-from-search-minerals-inc-tsxv-smy-otcqb-shcmf-1
SEARCH's NI-43-101 report is due very soon! It might even be disclosed prior to this interview? SEARCH is cashed up & ready for the PEA as stated in an earlier post is expected end of March 2022! Exciting times for this entry level REE contender IMHO
Chico
Search Minerals Strengthens Management Team and Provides Timing Update for Release of PEA
PEA will be released 45 days after the NI-43-101 REPORT DUE END OF MARCH 2022!
https://www.globenewswire.com/news-release/2022/02/02/2377378/0/en/Search-Minerals-Strengthens-Management-Team-and-Provides-Timing-Update-for-Release-of-PEA.html
VANCOUVER, British Columbia, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”), is pleased to announce the appointment of Todd Burlingame, a 30-year mining industry veteran with a history of advancing projects across northern Canada, as the Company’s Chief Operating Officer (COO) effective February 1, 2022.
“Search Minerals is at a critical turning point in our evolution. Augmenting our existing executive team with specific skills and experience in moving from advanced exploration into production has been a priority,” said Greg Andrews, President/CEO. “We are delighted with the appointment of Todd. His depth of expertise and proven ability to deliver results in complex stakeholder and multi-jurisdictional landscapes will be a great advantage for Search. His specific experience with hydro-metallurgical processing facilities on the Island of Newfoundland and mining projects in Labrador make for an ideal fit with our existing team.”
Mr. Burlingame is a mining executive with over 30 years of industry experience in leading companies through the transition from exploration to production. Mr. Burlingame holds a degree in geology from the University of British Columbia. His broad range of experience include several executive roles with mining companies in jurisdictions including Newfoundland and Labrador, Nunavut, the Northwest Territories and the Yukon.
In addition to direct mining experience, Mr. Burlingame has served as Chair and CEO of two Federal-Indigenous Resources Co-Management Boards, the Mackenzie Valley Environmental Impact Review Board and the Mackenzie Valley Land and Water Board. It was while serving in these capacities that Mr. Burlingame developed an in depth understanding of the inter-relationship among federal, provincial and indigenous governments and resource development.
“I am extremely pleased to have been selected to join the Search Minerals team,” said Mr. Burlingame. “The team has diligently focused on delineating a growing resource and developing breakthrough processing technology. I see this as a once in a lifetime opportunity to be part of establishing Newfoundland and Labrador as a key part of the global supply chain for rare earth elements. There is now a line-of-sight path to production, and I am honored to be a part of realizing this goal.”
PRELIMINARY ECONOMIC ASSESSMENT UPDATE
The Company also announces that the current estimate for completion of the Preliminary Economic Assessment report (“PEA”) will be near the end of March. The results of the PEA will be announced first by news release followed by the filing of a National Instrument 43-101 Report on SEDAR within 45 days after the PEA news release has been issued.
STOCK OPTIONS
In addition, the Company announces that is has granted a total of 11,550,000 stock options to its directors, officers, employees and consultants. All the stock options will be exercisable for a period of five years at an exercise price of $0.20. Of the total number of stock options granted, 8,550,000 stock options were granted to directors and senior officers of the Company.
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.
Search has continued to optimize our patented Direct Extraction Process technology with the generous support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining.
For further information, please contact:
Greg Andrews
President and CEO
Tel: 604-998-3432
E-mail: info@searchminerals.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Statements:
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the timing of the release of the Company’s PEA, and other forward-looking information. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the inability to obtain or secure the applicable resources and consultants to complete the PEA in the timeframe currently contemplated.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's financial condition and development plans do not change as a result of unforeseen events.
Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
Hi chico & MB. Don't despair the are a number of us who look forward to your postings, we just don't have anything meaningful to add. Thanks for keeping on top of all of these REE stories/articles.
Search Minerals Completes Financing
https://www.globenewswire.com/news-release/2022/01/28/2374808/0/en/Search-Minerals-Completes-Financing.html
VANCOUVER, British Columbia, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”), is pleased to announce that, further to its news release dated December 23, 2021, it has closed the second and final tranche (the “Second Tranche”) of its non-brokered private placement (the “Private Placement”). The Private Placement raised a total aggregate gross proceeds of $6,322,239.
Under the Second Tranche, the Company issued 120,000 flow-through common shares of the Company (the “FT Shares”) at a price of $0.25 per FT Share (the “FT Offering”), and 5,495,777 units of the Company (the “Units”) at a price of $0.18 per Unit (the “Unit Offering”) for aggregate gross proceeds of $1,019,239.86. Each Unit consists of one common share (each, a “Share”) and one common share purchase warrant (a "Warrant") in the capital of the Company. Each Warrant entitles the holder to purchase one additional common share (a "Warrant Share") of the Company for a period of 24 months from the date of issue at an exercise price of $0.25 per Warrant Share, subject to adjustment pursuant to the terms of the Warrant.
The Company intends to use the proceeds from the FT Offering to incur eligible Canadian Exploration Expenses and flow-through mining expenditures, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2022. The Company intents to use the proceeds from the Unit Offering for general working capital purposes.
All securities issued pursuant to the Second Tranche are subject to a statutory four-month hold period expiring on May 28, 2022. The Private Placement is subject to receipt of final approval of the TSX Venture Exchange.
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.
Search has continued to optimize our patented Direct Extraction Process technology with the generous support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining.
For further information, please contact:
Greg Andrews
President and CEO
Tel: 604-998-3432
E-mail: info@searchminerals.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Statements:
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company’s closing of the Private Placement, and the timing thereof, the anticipated use of proceeds, and other forward-looking information. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the inability to obtain the necessary Exchange approvals to complete the Private Placement or to apply the proceeds of the Private Placement as anticipated by management.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's financial condition and development plans do not change as a result of unforeseen events, and that the Company will receive all required regulatory approvals, including Exchange approval, for the Private Placement.
Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
CASH IN HAND FOR 2022 PEA & Pilot Plant final scaling. Market compliant REE report/PEA early MARCH expected. Search will need a PARTNER into a F.S. - ALL IMHO...
Chico
Family First Always MB... May your daughter have a speedy recovery surrounded with the love of her family & friends! Appears forward progress on a few fronts is moving forward, but darn slow huh! lol
Be well!
Chico
SEARCH MINERALS COMPLETES ZIRCONIUM RECOVERY TESTING AT SGS
CANADA INC
http://www.searchminerals.ca/assets/20210112_-_SMY_Zirconium_NR_on_SGS_work_completed_(FINAL).pdf
Adding all viable rare earth materials that can be mined like other ESG projects under development. Encouraging results as more work is needed. The WHIMS process works very well to concentrate the ore from Search Minerals resource!
Chico
Search Minerals is coming off a great 2021 but 2022 promises to be even better
https://investorintel.com/markets/technology-metals/technology-metals-intel/search-minerals-is-coming-off-a-great-2021-but-2022-promises-to-be-even-better/
There were several reasons for the rise including positive sentiment towards the rare earths miners, particularly those with projects containing the valuable magnet metals Neodymium (Nd), Praseodymium (Pr) and Dysprosium (Dy) used in powerful electric motors. All three rare earth metals prices have been rising strongly the past year on the back of surging demand from electric vehicle manufacturers as we saw EV sales rise about 100% in 2021. Search’s flagship Port Hope Simpson (“PHS”) property has many key rare earth elements including Nd, Pr, Dy, and Tb (Terbium).Another key factor for Search’s success in 2021 was that management delivered strong progress. This included a non-binding MOU with USA Rare Earth LLC for the future delivery of a rare earth mineral concentrate supply containing 500 tpa of NdPr. The MOU is part of a joint development plan to expand the collaboration to include discussions regarding separation, marketing and offtake of a portion of the future production at Search’s Deep Fox and Foxtrot deposits. During 2021 Search was able to purchase back a 2.5% Net Smelter Royalty (NSR) from B&A Minerals Limited in return for 15 million common shares of Search Minerals, leaving just an outstanding royalty now of 0.5%. Other progress in 2021 included a successful 7,000m drilling program completed at Deep Fox as well as several successful capital raises including the most recent C$15 million and C$5.3 million equity raises. This leaves Search very well-funded to advance its plans in 2022.
Search Minerals in 2022 and beyond
Q1 2022 should see Search deliver an updated Preliminary Economic Assessment (“PEA”) for the combined Deep Fox and Foxtrot deposits at their PHS Property. It is anticipated that this will potentially be a very significant improvement of the 2016 PEA, which only included the Foxtrot deposit. It resulted in a post-tax NPV10% of C$48 million and post-tax IRR of 16.7% over a 14 year mine life. The initial CapEx was C$152 million, and a further C$57 million in year 8 for the underground stage of the Project. Search quotes some of the reasons why the 2022 PEA should be better:
Increase production rate from 1000 tonnes per day to 2000 tonnes per day
Increase recoveries from optimized pilot plant process
Increase revenue from higher grades at Deep Fox
Extend mine life with material from both Deep Fox and Foxtrot for a central processing facility
Decrease costs with reduced capital and operating costs
Upward trending price escalations for permanent magnet material.
In Q2, 2022, Search plans to submit an updated Environmental Impact statement based on the updated PEA. In Q3 and Q4, 2022 Search will continue to drill Deep Fox to potentially further grow the Resource as well as drill Fox Meadow and Silver Fox and commence a Bankable Feasibility Study (BFS). All going well Search hopes to make a Final Investment Decision (FID) in 2023 and commence production in 2025.
Closing remarks
Search Minerals is coming off a great 2021 but 2022 promises to be even better. Certainly, it looks like Search can deliver an impressive 2022 PEA at PHS, given that the project economics will have potentially improved significantly. The PHS Project also has significant exploration upside and potential to further grow the Resource in 2022.Search Minerals trades on a market cap of C$74 million. The next 3-4 years could be game changing for Search Minerals, if they can make it to production in 2025, or 2026.
Chico: Thank you for your posts here, and on the Niocorp board! I hope things are going well for your this new year!
Here and on the NioCorp board you really do produce some of the best research! Thank you!
I have added some to my positions and converted some shares from an IRA to a Roth to keep as much growth in the Tax free account.
Lately I am doing a good deal less research now due to Family matters so mostly watch remaining patient. ( My Daughter was ill but is doing well now will need some full time care for a while.)
As far as my "research" It was never as in depth as yours!
(ENDMF, my precious metals exploration stock, went up today on no news that I could see.)
MB- I'm expecting Search's market compliant NI-43-101 REE report before the end of January.
IF the numbers are as good as I believe them to be? Search should be moving back into the .20's/+ as they go for their PEA on the combined assets of Fox Trot & Deep Fox.
"Stay warm!"
Chico
MB-Happy New Year to you as well! Search has got the "CASH" in hand to complete a PEA & for the Pilot Plant/work force training to prove out separation to "Scale". (They have access to draw on more $$ "IF" needed & USARE is in the "wings" watching with a small position in the company already!)
Like Niocorp -Search minerals is waiting for that NI-43-101 REE market compliant report so they can merge both Fox Trot & Deep Fox resources into a new PEA early in 2022. (This should be exciting as I expect close to 1B$ U.S. valuation with robust NPV on the combined assets which are only a small part of the entire resource. A CapEx of <150$M, & mined via OPEN PIT would generate similar numbers to Round Top of @$150M/year pre tax. Means they can pay off the mine in <2 years. IMHO)
I fully expect some good things from both Niocorp & Search Minerals in the first quarter of 2022! At the current price for both. (Each could go to 10x current by 2023 IMHO/speculation)
Here's to the New Year mon ami!
Chico
Chico, thank you for posting, this is very positive for SearchMineral's new year! I like the target you mentioned of $1.50 US sometime in 2023 or 2024 including the possibility of a partnership with US Rare Earths.
Wishing you and anyone else who reads this a Prosperous New Year!
Search Minerals Announces Closing of First Tranche of Private Placement for Proceeds of $5.3 Million
https://www.yahoo.com/now/search-minerals-announces-closing-first-230800345.html
PEA & PILOT PLANT CASH $$$ IN HAND>>>
Chico
USA Rare Earth to Produce Nearly Half of New U.S. Government Critical Minerals List
https://www.globenewswire.com/news-release/2021/12/10/2350069/0/en/USA-Rare-Earth-to-Produce-Nearly-Half-of-New-U-S-Government-Critical-Minerals-List.html
Chico
Chico; Thanks! I had not seen that yet, Good deal!
Search managment is taking steps to get the the mine and separation processing up and running! Yes diultion of shares, but someone still expects the S/P to rise! Pending regulatory approval which is probably easier to do in Canada. (Obviously easier when you are surface mining than having to sink several shafts!
Lets see what happens today!
Search Minerals Inc. Announces $15,000,000 Non-Brokered Private Placement of Units and Previously Announced Flow-Through Shares
https://www.globenewswire.com/news-release/2021/12/07/2347123/0/en/Search-Minerals-Inc-Announces-15-000-000-Non-Brokered-Private-Placement-of-Units-and-Previously-Announced-Flow-Through-Shares.html
VANCOUVER, British Columbia, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. ("Search" or the "Company") (TSXV: SMY | OTCQB: SHCMF is pleased to update the terms of the Company’s non-brokered private placement of flow-through common shares of the Company (“the “FT Shares”), as announced on December 3, 2021 (the “FT Offering”). The Company is pleased to announce that Search will complete a non-brokered private placement offering for aggregate gross proceeds of up to $15,000,000, through a combination of (i) FT Shares at a price of $0.25 per FT Share, up to a maximum of $5,000,000; and (ii) units of the Company (the "Units") at a price of $0.18 per Unit (the "Unit Offering").
Each Unit consists of one common share (each, a “Share”) and one common share purchase warrant (each, a “Warrant”) in the capital of the Company. Each Warrant will entitle the holder to purchase one additional Share at a price of $0.25 per Share for a period of 24 months after the date of issuance, provided that if the volume-weighted average closing price of the Shares on the TSX Venture Exchange (the “TSXV”) is at a price greater than $0.40 for a period of thirty consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date of such notice.
The Company intends to use the proceeds from the FT Offering to incur eligible Canadian exploration expenses and flow-through mining expenditures, within the meaning of the Income Tax Act (Canada), on the Company’s projects, including the Company's Deep Fox project in the Critical Rare Earth Element District of South East Labrador (the “District”) and other exploration work in the District. The Company intends to use the proceeds from the Unit Offering for general working capital purposes. Closing of each of the FT Offering and Unit Offering (collectively, the “Offerings”) is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approval of the TSXV.
In connection with the Offerings, the Company may pay finders’ fees to certain arm’s length parties, as permitted by the policies of the TSXV. All securities issued in connection with the Offerings will be subject to a four-month hold period under applicable securities legislation.
Certain insiders of the Company may participate in the Offerings. The participation of Insiders in the Offerings will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company anticipates relying on the exemptions from the formal valuation and minority approval requirements in Sections 5.5.(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transactions does not exceed 25% of the Company’s market capitalization.
Additionally, the Company would like to announce the issuance of 50,000 Shares, with an additional 200,000 Shares to be issued at 50,000 Shares per annum over the following four years, pursuant to the terms of the Company’s exploration activity agreement dated August 22, 2012, as amended on November 6, 2014 and December 18, 2018 (the “Agreement”) with NunatuKavut Community Council, subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSXV.
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.
Search has continued to optimize our patented Direct Extraction Process technology with generous support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador,(“InnovateNL”) and from the Atlantic Canada Opportunity Agency (“ACOA”). We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining. For more information about Search, visit www.searchminerals.ca.
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