Focus and Strategy
Search Minerals’ focus is on exploration and development of the Critical Rare Earth Element District in Southeastern Labrador, Canada. This District is road accessible, on tidewater and contains significant quantities of those elements that are in short supply and considered strategic or critical due to their use in green economy technologies. Based on these attributes, the Company hopes to become a competitive, low-cost, environmentally responsible supplier of Critical Rare Earth Elements (CREE) to the global marketplace.
To accomplish this Search will leverage its scalable breakthrough Patented Direct Extraction Metallurgical Process and its highly accessible district-scale resources in SE Labrador to attract two important strategic partners; an investor to finance the bankable feasibility study for development of its FOXTROT and DEEP FOX deposit and an off-take partner whose long-term commitments will provide the stable income necessary to to access capital financing for projects of this size.
Search believes that success in securing strategic partners is linked to completing pilot testing of its patented proprietary Direct Extraction Metallurgical Process. The Pilot Plant optimization program using the patented Search Direct Extraction Process has been successfully completed in March 2020. The program produced both a 58% REO mixed rare earth carbonate concentrate and a 99% pure mixed REO concentrate, which will provide Search with more options to refine our products into the individual oxides. The production of the carbonate and/or the mixed oxide concentrate samples can be obtained, from either the Foxtrot or Deep Fox material. Search will continue to work with separation companies, refineries and potential off-take partners for further processing to high value separated rare earth oxides.
Search is currently doing metallurgy testing on Silver Fox material for Zirconium and Hafnium. Silver Fox contains Zr (Hf) values much higher than any other CREE resource (Foxtrot and Deep Fox) or mineralized zone (Fox Meadow and Awesome Fox) in SE Labrador.