Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) announced the commencement of its 2026 environmental baseline studies for the DEEP FOX and FOXTROT rare earth elements projects in southeastern Labrador. This initiative marks a key de-risking milestone as the Company advances toward Environmental Assessment Registration, targeted for the first half of 2027.
The program will generate critical environmental and technical data to support regulatory submission, project optimization and development planning. Studies will include hydrology, ecological and atmospheric assessments, among others. The data collected will reinforce Search Minerals' position within the emerging North American rare earth supply chain, which is gaining strategic importance amid global supply constraints.
The Company controls a belt 64 km long and 2 km wide in the Port Hope Simpson – St. Lewis CREE District of South-east Labrador. The properties are road accessible, on tidewater, and located near three local communities. Search has completed a preliminary economic assessment report with resource estimates for both FOXTROT and DEEP FOX, and 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 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 full press release can be accessed at https://ibn.fm/8y33A. For the latest news and updates relating to SHCMF, visit the company’s newsroom at https://ibn.fm/SHCMF.
