Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) has announced results from its 2025 channel sampling program at the Fox Run, Foxy Lady, Krazy Fox and Silver Fox prospects in southeastern Labrador. The program revealed multiple channel samples at Fox Run with widths up to 18.18 meters and critical rare earth element (CREE) grades comparable to the Foxtrot Open Pit Indicated Mineral Resource. These findings confirm additional mineralized zones along the same regional trend between the Foxtrot and Deep Fox deposits.
The results support potential resource expansion and advance several prospects toward drill-ready status within the emerging Port Hope Simpson-St. Lewis CREE District. This district represents a significant geological belt where Search Minerals controls a 63 km long and 2 km wide area that is road accessible, located on tidewater, and near three local communities. The company's focus on finding and developing Critical Rare Earth Elements, Zirconium and Hafnium resources positions it within a strategically important sector for modern technology and green energy applications.
The sampling program's success at Fox Run, where grades matched those of the established Foxtrot resource, suggests continuity of mineralization along the regional trend. This geological continuity between the Foxtrot and Deep Fox deposits indicates potential for expanding the known resource base in the district. The company has previously completed a preliminary economic assessment report with resource estimates for both FOXTROT and DEEP FOX deposits, establishing a foundation for future development.
Search Minerals has continued to optimize its patented Direct Extraction Process technology with support from the Department of Tourism, Culture, Industry and Innovation, 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. This technological advancement represents a significant step toward developing a domestic supply chain for critical minerals essential for electronics, renewable energy technologies and defense applications.
The emerging Port Hope Simpson-St. Lewis district's development carries implications for North America's critical mineral security, as rare earth elements are essential components in electric vehicles, wind turbines, smartphones and military equipment. Currently, China dominates global rare earth production and processing, making Western Hemisphere sources increasingly important for supply chain diversification. Labrador's geological potential, combined with Search Minerals' technical progress, positions the region as a potential contributor to North American mineral independence.
All material information on the Company may be found on its website at https://www.searchminerals.ca and on SEDAR+ at https://www.sedarplus.ca. The latest news and updates relating to SHCMF are available in the company's newsroom at https://ibn.fm/SHCMF.
