Current Price

TSX-V: SMY

$0.08

+0.00

20 min delay

Rare Earth Element Discovery and Development in Labrador

Search Minerals (through its wholly-owned subsidiary Alterra Resources) is the discoverer of the Port Hope Simpson Rare Earth Element ("REE") District, a highly prospective light and heavy REE belt located in southeast Labrador, where the company controls a dominant land position in a belt 70km long and up to 8km wide. This area has excellent infrastructure, which could potentially aid in the development and ultimate fast-track to production of a REE mine. In 2012, the Company published its first NI 43-101 resource estimate on its Foxtrot Project located in the Port Hope Simpson REE District, and, in March 2013, the Company released a revised Preliminary Economic Assessment (PEA) on the Foxtrot Project.

In addition, Search has a number of other mineral prospects in its portfolio located in Newfoundland and Labrador, including a number of claims in the Strange Lake Complex (REE), where Quest Rare Minerals has an earn-in agreement with the Company; and at the Red Wine Complex (REE), where Great Western Minerals Group has a joint venture agreement with the Company.

Search is led by a management team and board with a proven track record in the mining industry. The Company has experienced geological and metallurgical teams led by Dr. Randy Miller and Dr. David Dreisinger respectively.

Henley Harbour PHS District Red Wine Complex Joint Venture Strange Lake Joint Venture