Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) announced the launch of its 2026 critical rare earth element exploration program in southeastern Labrador, with crews set to conduct channel sampling across three priority targets in the Fox Harbour Volcanic Belt. The company will also collect 15 tonnes of bulk sample material from the Foxtrot Deposit to support its planned demonstration plant.
The program focuses on expanding and upgrading resources at the Foxtrot Deposit, advancing the Fox Run prospect toward drill readiness, and extending mineralization at Awesome Fox. These efforts will support larger-scale testing of Search's patented Direct Extraction Process. Interim CEO Jason Macintosh stated that the field season is designed to build momentum toward production as the company advances optimization studies and environmental baseline work across its properties.
Search Minerals controls a belt 64 km long and 2 km wide in the Port Hope Simpson – St. Lewis Critical Rare Earth Elements District of South-east Labrador. The area is road accessible, on tidewater, and located near three local communities. The company has completed a preliminary economic assessment report with resource estimates for Foxtrot and Deep Fox, and is working on four exploration prospects: Fox Meadow, Silver Fox, Fox Run, and Awesome Fox.
The company's patented Direct Extraction Process technology has been optimized with support from the Department of Energy and Mines, Government of Newfoundland and Labrador, and the Atlantic Canada Opportunity Agency. Search has completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining.
The latest news and updates relating to SHCMF are available in the company's newsroom at https://ibn.fm/SHCMF. For more details on the full press release, visit https://ibn.fm/aciDz.
