Search Minerals Engages SGS for Scoping Study, Appoints Technical Advisor for Rare Earth Project

Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) announced it has commissioned SGS Canada Inc. to conduct a scoping study and metallurgical test work program for its Critical Rare Earth Element (CREE) district in southeastern Labrador. The study focuses on optimizing concentrate production and reducing acid demand to support future economic studies and project development. This step is crucial for advancing the company's DEEP FOX and FOXTROT projects, which are part of the emerging Port Hope Simpson – St. Lewis CREE District.

The company also named Dr. David Dreisinger as a technical advisor to support metallurgical and process development efforts. Dr. Dreisinger brings extensive expertise in hydrometallurgy and process development, strengthening Search Minerals' technical team as it moves toward production. The appointment aligns with the company's strategy to optimize its patented Direct Extraction Process technology, which has been tested in two pilot plant operations, producing high-purity mixed rare earth carbonate concentrate and mixed REO concentrate.

Search Minerals controls a belt 64 km long and 2 km wide in southeastern Labrador, which is road accessible, on tidewater, and near three local communities. The company has completed a preliminary economic assessment report with resource estimates for FOXTROT and DEEP FOX, and is exploring four additional prospects: FOX MEADOW, SILVER FOX, FOX RUN, and AWESOME FOX. The scoping study with SGS is expected to provide critical data to optimize the extraction process and reduce costs, potentially improving the project's economic viability.

The development of rare earth elements is strategically important due to their use in permanent magnets, electric vehicles, and defense technologies. With global demand for rare earths increasing, Search Minerals' progress in Labrador could contribute to a more diversified supply chain. The company has received support from the Department of Energy and Mines, Government of Newfoundland and Labrador, and the Atlantic Canada Opportunity Agency, underscoring the project's regional significance.

For more details, the full press release is available at https://ibn.fm/zzFIS. Additional information about Search Minerals can be found on their newsroom at https://ibn.fm/SHCMF.