Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) announced that shareholders voted in favor of all matters presented at the company's annual general meeting held May 29, 2026. The approved items include 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 stated that the outcome reflects shareholder confidence as Search Minerals continues to advance development of its Foxtrot and Deep Fox rare earth deposits and progress work on its proprietary Direct Extraction Process technology.
The company's focus remains on finding and developing Critical Rare Earth Elements (CREE), Zirconium (Zr), and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South-east Labrador. Search Minerals controls a belt 64 km long and 2 km wide that 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. Additionally, Search is working on four exploration prospects along the belt: FOX MEADOW, SILVER FOX, FOX RUN, and AWESOMEFOX.
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 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. The successful shareholder meeting and ongoing technological advancements position Search Minerals to potentially supply critical rare earth elements essential for various high-tech and green energy applications.
For more information, visit the company's newsroom at https://ibn.fm/SHCMF.
