Search Minerals Shareholders Approve Board, Auditor and Stock Option Plan at Annual Meeting

Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) announced the results of its annual general meeting held May 29, 2026, where shareholders approved all matters presented. The approved items include the election of directors Rohan Hazelton, Michael Pearson and Diane Poole, the reappointment of Mao & Ying LLP Chartered Accountants as auditor, and the ratification of the company’s 10% rolling stock option plan. Management said the outcome reflects shareholder confidence as Search Minerals advances development of its Foxtrot and Deep Fox rare earth deposits and continues work on its Direct Extraction Process technology.

The company is focused on finding and developing Critical Rare Earth Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South-east Labrador. Search controls a belt 64 km long and 2 km wide, which is road accessible, on tidewater, and located near three local communities. The company has completed a preliminary economic assessment report with resource estimates for Foxtrot and Deep Fox, and 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 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.

For more details on the press release, visit https://ibn.fm/GhvfZ. The latest news and updates relating to SHCMF are available in the company’s newsroom at https://ibn.fm/SHCMF.