Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) has launched its 2026 critical rare earth element exploration program in southeastern Labrador. Crews are set to conduct channel sampling across three priority targets within the Fox Harbour Volcanic Belt. The program aims to expand and upgrade resources at the Foxtrot Deposit, advance the Fox Run prospect toward drill readiness, and extend mineralization at Awesome Fox. Additionally, the company plans to collect 15 tonnes of bulk sample material from the Foxtrot Deposit to support its planned demonstration plant.
The 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 (CREE) 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.
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 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 latest news and updates relating to SHCMF are available in the company’s newsroom at https://ibn.fm/SHCMF.
