Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) announced the results of its annual general meeting held May 29, 2026, where shareholders approved all matters presented, including the election of directors Rohan Hazelton, Michael Pearson and Diane Poole, the reappointment of Mao & Ying LLP Chartered Accountants as auditor and the ratification of the company's 10% rolling stock option plan. Management said the outcome reflects shareholder confidence as Search Minerals advances development of its Foxtrot and Deep Fox rare earth deposits and continues work on its Direct Extraction Process technology.
The company controls a belt 64 km long and 2 km wide in the emerging Port Hope Simpson – St. Lewis Critical Rare Earth Elements (CREE) District of South-east Labrador. The belt is road accessible, on tidewater, and located near three local communities. Search has completed a preliminary economic assessment report with resource estimates for FOXTROT and DEEP FOX. The company is also working on four exploration prospects along the belt: FOX MEADOW, SILVER FOX, FOX RUN, and AWESOME FOX.
Search has continued to optimize its patented Direct Extraction Process technology with support from the Department of Energy and Mines, Government of Newfoundland and Labrador, and 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.
The approval of the stock option plan allows the company to grant options to directors, officers, employees, and consultants as an incentive to align their interests with shareholders. The election of the board, including Rohan Hazelton, Michael Pearson, and Diane Poole, provides continuity for the company's strategic direction.
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