Disseminated on behalf of Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) and may include paid advertising.
- Search Minerals controls two district-scale rare earth land packages in Labrador, including the Port Hope Simpson–St. Lewis District, a 64-kilometre belt hosting multiple CREE deposits and prospects.
- Deep Fox and Foxtrot host published mineral resource estimates, with Phase 4 results supporting an updated resource model and feasibility-level work for Deep Fox.
- Strong community and Indigenous partnerships support responsible development, environmental review, and long-term project alignment with local stakeholders.
- Extensive historical exploration, including more than 200 drill holes and thousands of channel samples, provides a robust technical foundation for future development decisions.
- The company’s work across two mineralized districts provides exposure to a range of rare earth element types and long-term exploration potential.
Search Minerals (TSX.V: SMY) (OTC: SHCMF) is a mineral exploration and development company focused on advancing critical rare earth element (“CREE”) resources in Labrador, Canada. Since its establishment, the company has concentrated on systematic exploration supported by detailed geological work, extensive sampling, and disciplined technical evaluation across its landholdings.
The company operates with an emphasis on transparency, field-based science, and engagement with local communities and partners, including the NunatuKavut Community Council and municipal leaders in the surrounding region. Its technical programs and community initiatives reflect an ongoing commitment to responsible exploration and long-term regional collaboration.
Through continued exploration, environmental review, and stakeholder dialogue, Search Minerals is working to advance its rare earth assets toward future development within a supportive and mining-friendly jurisdiction.
The company is headquartered in St. Lewis, Newfoundland and Labrador.
Projects
Port Hope Simpson – St. Lewis CREE District
Deep Fox
Deep Fox has emerged as Search Minerals’ leading resource, supported by extensive drilling, channel sampling, and feasibility-related technical work. Located 2 km northeast of St. Lewis with direct road and tidewater access, the project has been defined through 137 drill holes (25,741 m), 44 channels (1,096 m), geophysical surveys, and nearly 15,500 assays. Mineralization is hosted in steeply dipping pantellerite and extends up to 42 m thick across an approximate 400 m strike length. Phase 4 programs confirmed strong Nd–Pr–Dy–Tb values from surface to at least 200 m depth and expanded the zone both east and west. These results will support an updated mineral resource estimate and advance Deep Fox toward feasibility-level assessment.
Foxtrot
Foxtrot, the company’s first major discovery, lies 10 km west of St. Lewis and has been advanced through extensive work programs including 1,484 channel samples, 72 drill holes, mapping, and geophysics. The mineralized zone is well understood from surface to depth, with consistent alignment between channel and drill core assays. Foxtrot hosts an indicated resource of 10.04 million tonnes and an inferred resource of 3.00 million tonnes (December 2021), and forms part of the combined 2022 mineral resource estimate alongside Deep Fox.
Fox Meadow
Fox Meadow is a large-scale, high-priority exploration target located 11 km west of Port Hope Simpson. The mineralized zone is up to 175 m wide with a current strike length of 680 m, supported by magnetic anomalies extending over 1 km. Channel results indicate more moderate grades than Deep Fox and Foxtrot, but the scale and notably low uranium and thorium values present compelling advantages. Mineralization is structurally complex and hosted in trachytic pantellerites enriched in allanite, fergusonite, and zircon. A 2,000 m drill campaign and additional channel sampling were completed in late 2022, with results pending.
Other Prospects Along the Belt
Search Minerals controls multiple additional discoveries across its 64 km Fox Harbour volcanic belt:
- Silver Fox hosts high-grade zirconium, hafnium, and rare earths, with channel samples showing Zr concentrations surpassing 25,000 ppm.
- Awesome Fox contains strong Nd–Pr–Dy–Tb values across several wide channel intervals.
- Foxy Lady, Fox Run, and Krazy Fox exhibit CREE-enriched mineralization within the same peralkaline stratigraphy that hosts Deep Fox and Foxtrot.
These prospects collectively reinforce the district’s potential to support multiple future development opportunities beyond the flagship assets.
Red Wine CREE District
Search Minerals also controls 17 licenses (427 claims) in central Labrador within the Red Wine CREE District, prospective for both light and heavy rare earth elements as well as niobium and beryllium. Key prospects include Two Tom Lake, Mann #1, Merlot, Dory Pond, Cabernet, and Barbera. Channel assays released in 2025 confirmed significant concentrations of Nb, Be, Nd, Pr, Dy, and Tb across multiple targets. This district remains at an earlier stage but represents long-term upside, with ongoing prospecting, mapping, and additional channel sampling planned to prepare for future drilling.
Market Opportunity
Global demand for rare earth elements is projected to triple from 59,000 tonnes in 2022 to 176,000 tonnes by 2035 as electric-vehicle adoption accelerates and wind-power capacity expands. The global REE market, valued at $3.95 billion in 2024, is expected to reach $6.3 billion by 2030 at a compound annual growth rate of approximately 8.6%, according to Grand View Research. With supply projected to lag demand by as much as 30%, the outlook points to a sustained structural deficit in key magnet materials.
China currently controls roughly 60% of global REE mining and about 90% of processing capacity, prompting major efforts in North America to strengthen domestic supply chains. In 2025, the U.S. Department of Energy announced $1 billion in critical-minerals funding programs, while Canada’s C$1.5 billion Critical Minerals Infrastructure Fund will support project development through 2030. These initiatives underscore the importance of strengthening domestic rare earth supply chains.
In this environment of rising demand, constrained supply, and coordinated policy support, Search Minerals’ district-scale assets position the company within one of the most strategically vital segments of the clean-energy transition.
Leadership Team
Joseph Lanzon, Chief Executive Officer and Director, brings extensive experience in government relations, strategic communications, and high-level advocacy across regulatory, legislative, and capital markets environments. His background includes promoting shareholder interests at the Toronto Stock Exchange and navigating complex policy landscapes, with a strong foundation in strategic messaging, negotiation, and relationship building.
Jason Macintosh, Chief Financial Officer, brings more than 25 years of comprehensive finance leadership experience. He previously served as CFO and Corporate Secretary for STLLR Gold Inc., where he oversaw accounting and finance operations, established financial controls, and aligned financial strategy with the company’s broader growth and exploration objectives.
Dr. Randy Miller, Vice President, Exploration, holds a Ph.D. in Geology from the University of Toronto and is a registered Professional Geoscientist in Newfoundland and Labrador. He brings extensive rare earth element experience, including work on the Strange Lake deposit and 12 years as the province’s Rare Earth Element and Rare Metal Specialist. His research across Labrador and Newfoundland underpins Search’s exploration model, and he has been with the company since 2009.
Ed Moriarity, Vice President, Environment and External Relations, brings over 25 years of experience across private industry, government, and the non-profit sector. He previously served as Executive Director of Mining Industry NL and as a Director of Communications with the Government of Newfoundland and Labrador, and now leads Search’s environmental engagement and partnership work with the NunatuKavut Community Council. He holds a BA from Memorial University and a Postgraduate Diploma in Business Administration from the University of Roehampton-London.
For more information, visit the company’s website at https://searchminerals.ca.
NOTE TO INVESTORS: The latest news and updates relating to SHCMF are available in the company’s newsroom at https://ibn.fm/SHCMF
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