Disseminated on behalf of Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) and may include paid advertising.
- Deep Fox’s December 2021 resource profile shows higher magnetic REE values than Foxtrot, including 394 ppm Pr and 1,469 ppm Nd in the Indicated category
- Foxtrot and Deep Fox sit within Search’s 64 km-long Port Hope Simpson–St. Lewis CREE District, which hosts 20+ additional prospects
- With deposits near the port of St. Lewis and a pipeline of targets already discovered, Search is building a district-scale rare earth story in a mining-friendly Canadian jurisdiction
Rare earth elements have become a strategic focal point for governments and industry, not because they are “rare,” but because economically viable deposits, and reliable supply chains, are. The magnetic rare earths in particular (notably neodymium and praseodymium, along with dysprosium and terbium) are increasingly tied to the hardware of electrification and modern industry. As demand grows, the market is placing a premium on projects that can evolve beyond exploration headlines and toward district-scale development potential, infrastructure alignment, and repeatable discovery.
Search Minerals (TSX.V: SMY) (OTC: SHCMF) is one of the companies attempting to earn a place in that conversation, with a 100% interest in the Deep Fox and Foxtrot projects and a broader land position in Labrador that the company calls the Port Hope Simpson–St. Lewis Critical Rare Earth Element (“CREE”) District.
A District Strategy Built on Systematic Discovery
Search began exploring for rare earth elements in Labrador in 2009 by assembling a regional land position near St. Lewis, Mary’s Harbour, and Port Hope Simpson. Through mapping, geophysics, and follow-up programs, the company identified the 64 km-long Fox Harbour volcanic belt and outlined multiple discoveries over time, including Foxtrot (identified in 2010) and Deep Fox (emerging as the company’s leading resource following 2014 channel sampling and subsequent drilling).
That district framework matters. In the critical minerals space, a single deposit can be valuable, but a district with multiple targets can support multi-stage development optionality, longer mine-life potential, and the kind of exploration runway investors typically associate with enduring mineral camps rather than one-off projects.
Foxtrot: The Foundational Resource
Foxtrot is Search’s first major discovery in the district and is located about 10 km west of the town of St. Lewis, within roughly 12 km of Deep Fox. The deposit has been delineated through geological mapping, geophysics, channel sampling, and diamond drilling, with the company emphasizing consistency between surface sampling and assays at depth.
In the December 2021 resource summary shown in your materials, Foxtrot’s mineral resource is broken down as follows:
- Indicated: 10.04 million tonnes grading 366 ppm Pr, 1,368 ppm Nd, 176 ppm Dy, and 30 ppm Tb
- Inferred: 3.00 million tonnes grading 371 ppm Pr, 1,384 ppm Nd, 177 ppm Dy, and 30 ppm Tb
While Foxtrot is the earlier discovery, it remains important as a foundational asset within a broader district strategy, particularly because it provides scale and a reference point for the district’s magnetic rare earth endowment.
Deep Fox: Higher Magnetic REE Values, Close to Port Infrastructure
Deep Fox is located roughly 2 km northeast of the port of St. Lewis on the southeast Labrador coast, and within 12 km of Foxtrot. In a sector where logistics and infrastructure can materially influence development pathways, proximity to a coastal port is a notable characteristic, especially for projects that may ultimately require transport and downstream processing options.
Search’s work at Deep Fox has been extensive for a junior-stage rare earth project: 137 drill holes (25,741 m), 44 surface channels (1,096 m), and nearly 15,500 assayed samples, alongside geophysics and mapping. The company describes the mineralized horizon as a steeply dipping peralkaline gneiss (pantellerite), enriched in rare earths and other high field strength elements, with key CREE-bearing minerals including allanite and fergusonite.
The December 2021 resource summary indicates Deep Fox carries higher values across the magnetic rare earth suite than Foxtrot:
- Indicated: 5.05 million tonnes grading 394 ppm Pr, 1,469 ppm Nd, 202 ppm Dy, and 34 ppm Tb
- Inferred: 3.30 million tonnes grading 366 ppm Pr, 1,381 ppm Nd, 198 ppm Dy, and 33 ppm Tb
That “magnet metals” emphasis is central to how Search frames its opportunity. Nd and Pr often anchor magnet economics, while Dy and Tb, though typically present in lower concentrations, can be important for high-temperature performance in certain magnet applications.
More Than Two Deposits: The Pipeline Behind the Headline
Deep Fox and Foxtrot are not positioned as standalone assets. Search has identified additional discoveries in the district over multiple field seasons, including Fox Meadow, Awesome Fox, and Silver Fox, alongside more than 20 additional prospects across the belt. Fox Meadow, for example, is described as having a broader surface footprint and very low uranium and thorium concentrations, an attribute that can matter for certain downstream considerations, even if overall grade is lower than Deep Fox or Foxtrot.
This is ultimately the bet: that Search is not only advancing known resources, but also building a repeatable discovery pipeline within a defined geological corridor, one that could support a longer-term development narrative if continued exploration success and future economic work align.
Why Labrador Context Matters
Search’s projects sit in Newfoundland and Labrador, a province widely recognized as mining-friendly and active across multiple commodities. In critical minerals, jurisdictional stability, infrastructure planning, and a credible pathway to permitting and development can be as important as geology. Search is aiming to pair its district-scale rare earth footprint with that broader regional momentum, especially as governments and industry focus on building resilient, non-concentrated supply chains for critical inputs.
Bottom Line
Search Minerals is pursuing a district strategy in Labrador centered on magnetic rare earth elements, anchored by Foxtrot and Deep Fox and supported by a broader pipeline of discoveries across a 64 km belt. The December 2021 resource summary underscores why Deep Fox has become the lead asset, with higher Pr, Nd, Dy, and Tb values than Foxtrot across both Indicated and Inferred categories. In a market increasingly focused on “buildable” critical mineral stories, scale, infrastructure, and repeatable discovery potential, Search is working to position its district as more than a single-deposit narrative.
For more information, visit the company’s website at https://searchminerals.ca.
NOTE TO INVESTORS: The latest news and updates relating to SHCMF are available in the company’s newsroom at https://ibn.fm/SHCMF
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