Search Minerals Inc. (SHCMF)

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All; SEARCH MINERALS CORPORATE STRATEGY

"Search Minerals’ focus is on exploration and development of the Critical Rare Earth Element District in Southeastern Labrador, Canada. This District is road accessible, on tidewater and contains significant quantities of those elements that are in short supply and considered strategic or critical due to their use in green economy technologies. Based on these attributes, the Company hopes to become a competitive, low-cost, environmentally responsible supplier of Critical Rare Earth Elements (CREE) to the global marketplace."

"Search believes that success in securing strategic partners is linked to completing pilot testing of its patented proprietary Direct Extraction Metallurgical Process. The Pilot Plant optimization program using the patented Search Direct Extraction Process has been successfully completed in March 2020. The program produced both a 58% REO mixed rare earth carbonate concentrate and a 99% pure mixed REO concentrate, which will provide Search with more options to refine our products into the individual oxides. The production of the carbonate and/or the mixed oxide concentrate samples can be obtained, from either the Foxtrot or Deep Fox material. Search will continue to work with separation companies, refineries and potential off-take partners for further processing to high value separated rare earth oxides."

"Search is currently doing metallurgy testing on Silver Fox material for Zirconium and Hafnium. Silver Fox contains Zr (Hf) values much higher than any other CREE resource (Foxtrot and Deep Fox) or mineralized zone (Fox Meadow and Awesome Fox) in SE Labrador."

Why Invest in Search Minerals

"...Recap of the key Investment Points

Recent Preliminary Economic Assessment on the FOXTROT resource
High Concentrations of Critical REE – Nd, Pr, Dy and Tb
Low capital cost $152M (including a $33M contingency)
A scalable breakthrough hydrometallurgical process (U.S. patent pending)
After-tax payback period – 4.4 years at a 1,000 tpd production rate
Exploration Upside – Search controls a 63 km x 2 km CREE District with other discoveries
A dry stackable residue (waste) which is environmentally friendly
Newfoundland and Labrador is mining friendly province
Very positive relationships with aboriginal and local communities
Experienced and committed Management and Board of Directors"


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