Search Minerals Launches 2026 Environmental Baseline Program for DEEP FOX and FOXTROT Rare Earth Projects

Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) has announced the commencement of its 2026 environmental baseline studies for the DEEP FOX and FOXTROT rare earth elements projects in southeastern Labrador. This initiative marks a significant de-risking milestone as the company advances toward Environmental Assessment Registration, targeted for the first half of 2027.

The program will generate critical environmental and technical data to support regulatory submission, project optimization, and development planning. Studies will include hydrology, ecological, and atmospheric assessments, reinforcing the company’s position within the emerging North American rare earth supply chain.

Search Minerals is led by a proven management team and board of directors, focusing on finding and developing Critical Rare Earth Elements (CREE), Zirconium (Zr), and Hafnium (Hf) resources within the Port Hope Simpson – St. Lewis CREE District of South-east Labrador. The company controls a belt 64 km long and 2 km wide, which is road accessible, on tidewater, and located near three local communities.

Search has completed a preliminary economic assessment report with resource estimates for FOXTROT and DEEP FOX. The company is also working on four exploration prospects along the belt: 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 2026 baseline program is a critical component of the company's strategy to advance the DEEP FOX and FOXTROT projects toward production. By generating comprehensive environmental data now, Search Minerals aims to streamline the regulatory process and mitigate potential delays. The studies will provide a foundation for the Environmental Assessment Registration, which is a prerequisite for project development.

This initiative underscores the growing importance of domestic rare earth element supply chains in North America. As demand for rare earth elements increases, driven by technologies such as electric vehicles and renewable energy systems, projects like DEEP FOX and FOXTROT could play a vital role in reducing reliance on foreign sources.

Search Minerals continues to position itself as a key player in the critical minerals sector. The company's focus on environmental stewardship and community engagement, combined with its proprietary extraction technology, enhances its potential for sustainable development. The results of the 2026 baseline studies will be instrumental in shaping the future of these projects.