Where Geology Creates Advantage: Inside Search Minerals Inc.’s (TSX.V: SMY) (OTC: SHCMF) Development Across Labrador’s Rare Earth Districts

Disseminated on behalf of Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) and may include paid advertising.

• Search Minerals Inc. controls two district-scale rare earth land packages in Labrador, including the Port Hope Simpson – St. Lewis CREE District and the Red Wine CREE District
• Each district features many prospects and deposits that the company has explored, sampled, surveyed, and drilled to learn what resides there
• The districts are home to a range of rare earth elements (“REE”) including Nd (Neodymium), Pr (Praseodymium), Tb (Terbium), Dy (Dysprosium), and other elements and metals that are crucial to the future of the world

Search Minerals (TSX.V: SMY) (OTC: SHCMF), a mine exploration and development company, is working hard to advance Canada’s strategically positioned rare earth portfolio.

 The company controls two districts: the Port Hope Simpson – St. Lewis CREE District and the Red Wine CREE District. These properties are both located in Labrador, a mining-friendly province on the eastern edge of Canada, where Search Minerals has operated since 2009.

This section of the country is part of the eastern Canadian Shield, which is home to some of the planets oldest rocks, which have gone through intense deformation, metamorphism, and glacial scouring over the years. This creates a suitable environment for mineral deposits, and the area is full of diverse types of rocks and deposits, as well.

Port Hope Simpson – St. Lewis CREE District

In 2009, Search Minerals acquired a regional land position and started exploring Labrador in search of rare earth elements (“REE”) around communities like Port Hope Simpson, St. Lewis, and Mary’s Harbour.

By taking a systemic approach to exploration, the company was able to identify the 64 km (just shy of 40 miles) long Fox Harbour volcanic belt. The area contained not only REE but also had the potential of hosting critical rare earth elements (“CREE”) deposits, as well. This district eventually became the Port Hope Simpson – St. Lewis CREE District.

Various exploration programs have taken place in the district through the years, with the first major discovery being the Foxtrot deposit in 2010. Plenty of work has been completed at Foxtrot including 1,484 channel samples, 14,322 core samples, and 72 drill holes.

As a result of this work, the mineral context and composition of the area is very well understood, and surface sampling results are consistent with deeper analysis. The total indicated mineral resource estimate for Foxtrot is over 10 million tonnes, and the deposit is estimated to have 366 parts per million (“ppm”) of Pr, 1,368 ppm of Nd, 176 ppm of Dy, and 30 ppm of Tb.

The second major discovery in the Port Hope Simpson – St. Lewis CREE District was the Deep Fox deposit. This deposit consists of highly strained peralkaline gneiss rock, called pantellerite, which is enriched in high field strength elements.

The exploration of Deep Fox has included diamond drilling, surveys, surface mapping, and surface channel samples. In total, the company has completed 44 surface channels, 137 drill holes, and analyzed nearly 15,500 samples.

Deep Fox has a total indicated mineral resource estimate of over 5 million tons, and it is estimated to have 394 ppm of Pr, 1,469 ppm of Nd, 202 ppm of Dy, and 34 ppm of Tb. Due to Deep Fox having 15% higher CREE values than Foxtrot, it has become Search Minerals’ leading resource.

Finally, there’s the Fox Meadow deposit, which has a larger surficial extent than both Deep Fox and Foxtrot. The mineralization of this deposit is associated with a magnetic anomaly, which shows the area is prospective for a large REE deposit. Results from channel samples reveal that the grade is lower than Deep Fox and Foxtrot, but the sheer size, as well as the low thorium and uranium levels, are a plus for Fox Meadow.

The geology of this deposit is complex, as several phases of deformation can be identified in the rocks. A drill program and channel sampling program were completed in 2022, but the results are pending.

In Fall 2025, the company also announced a CREE channel program taking place in the Fox Harbour volcanic belt. This exploration campaign will focus on four key prospects: Fox Lady, Fox Run, Krazy Fox, and Silver Fox. The work will include prospecting, mapping, channeling, and trenching.

Red Wine CREE District

Search Minerals also controls 17 licenses, which is a total of 427 claims, in the Red Wine CREE District. The district has a northern area with potential for light rare earth elements (“LREE”), while the southern part of the area has potential for heavy rare earth elements (“HREE”).

The north includes prospects like Two Tom Lakes and Mann #1, while the south has prospects such as Merlot, Dory Pond, Cabernet, Barbera, and Narnia Hill.

These two main districts, and the many prospects they host, provide a source of many critical rare earth elements that have the potential to shape our future. With vast exposure to a variety of rare earth elements, and a project pipeline that’s progressing, Search Minerals not only has exploration potential, but also a practical pathway to future development.

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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