Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) has reported results from its 2025 channel sampling program at the Fox Run, Foxy Lady, Krazy Fox and Silver Fox prospects in southeastern Labrador. The results highlight multiple channel samples at Fox Run with widths up to 18.18 meters and critical rare earth element (CREE) grades comparable to the company's Foxtrot Open Pit Indicated Mineral Resource. This work confirms additional mineralized zones along the same regional trend between the Foxtrot and Deep Fox deposits.
The findings are significant as they support potential resource expansion and advance several prospects toward drill-ready status within the emerging Port Hope Simpson-St. Lewis CREE District. The company controls a belt 63 km long and 2 km wide in this region, which is road accessible, on tidewater, and located near three local communities. All material information on the company may be found on its website at https://www.searchminerals.ca and on SEDAR+ at https://www.sedarplus.ca.
For investors, the latest news and updates relating to SHCMF are available in the company's newsroom at https://ibn.fm/SHCMF. The company is focused on finding and developing Critical Rare Earth Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources. Search has completed a preliminary economic assessment report with resource estimates for FOXTROT and DEEP FOX and is working on three exploration prospects along the belt: FOX MEADOW, SILVER FOX and AWESOME FOX.
Search has continued to optimize its patented Direct Extraction Process technology with support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. The company has completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining.
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The importance of these results lies in the global context of securing supply chains for critical minerals. Rare earth elements are essential components in modern technologies, including electric vehicles, wind turbines, and consumer electronics. The confirmation of additional mineralized zones with grades comparable to an existing resource in an accessible, developed district represents a tangible step toward increasing North American production of these strategically vital materials. This development could reduce reliance on imports and support regional economic development in Labrador through potential future mining operations.
