Monday, March 28, 2022 9:56:56 AM
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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