Welcome to our dedicated page for Search Minerals news (Ticker: SHCMF), a resource for investors and traders seeking the latest updates and insights on Search Minerals stock.
Search Minerals Inc. (SHCMF) is a Basic Materials company in the Other Industrial Metals & Mining industry, focused on exploring for and developing Critical Rare Earth Elements (CREE) and transition metals zirconium (Zr) and hafnium (Hf) in Labrador. This news page compiles company‑specific announcements and disclosures drawn from its public releases.
Recent news from Search Minerals highlights its work on the Port Hope Simpson – St. Lewis CREE District of south‑east Labrador, where the company reports control of the Foxtrot and Deep Fox deposits, drill‑ready prospects Fox Meadow and Silver Fox, and additional prospects such as Fox Valley, Foxy Lady and Awesome Fox along a 64‑kilometre belt. The company also reports assets in the Red Wine CREE District of central Labrador, including the Two Tom Lake CREE‑Be‑Nb deposit, the Mann #1 CREE‑Nb‑Be prospect and the Merlot CREE prospect.
Investors following SHCMF news can review updates on non‑brokered private placement financings, shares‑for‑debt transactions, and convertible loan arrangements that the company states are intended to support development of the Foxtrot and Deep Fox mining project and related corporate purposes, subject to TSX Venture Exchange acceptance. Additional releases cover matters such as board appointments, the results of annual general meetings, and grants of stock options under the company’s equity plans.
This page allows readers to track Search Minerals’ disclosed activities over time, including exploration‑related financing decisions, corporate governance updates and changes to its capital structure as reported in its official news releases.
Search Minerals (OTC: SHCMF) amended its previously announced shares-for-debt transaction dated February 20, 2026.
The company will now settle $185,000 of indebtedness by issuing 370,000 common shares at a deemed price of $0.50 per share, subject to TSXV acceptance and a four-month-and-one-day statutory hold.
The indebtedness represents accrued compensation owed to non-arm's-length parties; the transaction is a related party deal relying on MI 61-101 exemptions and will not create a new control person.
Search Minerals (OTC: SHCMF) announced a grant of 1,800,000 stock options on April 30, 2026. Options are exercisable at $0.50 per share and expire April 30, 2031. Vesting: 1,400,000 vest quarterly over two years; remaining 400,000 vest 100,000 immediately, 150,000 on April 30, 2027, and 150,000 on April 30, 2028. The grant is subject to TSX Venture Exchange approval.
Search Minerals (OTC: SHCMF; TSXV: SMY) launched its 2026 environmental baseline program for the DEEP FOX & FOXTROT rare earth element project in southeastern Labrador. The program supports an Environmental Assessment Registration (EAR) targeted for H1 2027 and gathers hydrology, ecology, atmospheric, fish, and wildlife datasets to inform EAR submission, mine design, water management, and potential port infrastructure while continuing metallurgical optimization and scoping work.
Search Minerals (OTCQB: SHCMF) has commissioned SGS Canada to run a comprehensive scoping study and metallurgical test program for its DEEP FOX and FOXTROT CREE projects in southeastern Labrador. Key deliverables include TIMA-X and Rietveld XRD mineralogy, WHIMS and batch flotation tests, acid bake-water leach validation, and optimized flowsheet data. The company also appointed Dr. David Dreisinger as technical advisor and Qualified Person to support metallurgical test work and process development.
Search Minerals (OTCQB: SHCMF) was awarded a $91,000 grant from Newfoundland and Labrador under the Mineral Incentive Program - Junior Exploration Assistance on April 17, 2026.
The funding supported the Company's 2025 exploration program in the Port Hope Simpson - St. Lewis Critical Rare Earth Element district and the Fox Run 2025 channel sampling program.
Search Minerals (OTC: SHCMF) issued an unsecured convertible note for $367,562 to its Indigenous partner, NunatuKavut Community Council, to settle prior indebtedness. $67,562 of accrued interest was capitalized. The note bears 15% interest, converts at $0.50 per share for principal, and matures one year after TSXV acceptance.
The transaction raised no cash, extends repayment terms, was board-approved January 27, 2026, involves a related party, and remains subject to TSXV acceptance.
Search Minerals (OTC:SHCMF) reported 2025 channel sampling at Fox Run, Foxy Lady, Krazy Fox and Silver Fox in southeastern Labrador. Three Fox Run channels returned CREE assays over 6.18–18.18m with Dy up to 200 ppm and Nd up to 1,476 ppm, comparable to the Foxtrot Open Pit Indicated Mineral Resource.
Prospects lie within the same peralkaline unit as Foxtrot/Deep Fox; expanded excavator-supported trenching is planned to test continuity and advance Fox Run toward drill-ready status.
Search Minerals (OTC:SHCMF) announced Shares-for-Debt transactions settling aggregate indebtedness by issuing common shares to creditors to preserve cash and strengthen its balance sheet.
The Company will issue 790,992 shares at a deemed price of $0.50 per share to settle $395,496 of debt; these shares carry a statutory four-month-and-one-day hold. Separately, the TSXV-approved issuance of 808,107 shares on December 1, 2025 settled $404,054 owed to LeadFX and is subject to a four-month hold.
Search Minerals (symbol SHCMF) announced that Joseph Lanzon resigned as Chief Executive Officer and director, effective immediately, on February 3, 2026. The Board thanked Mr. Lanzon and said it will search for a new CEO.
Jason Macintosh, the company CFO, will serve as Interim CEO and Matthew Anderson of Malaspina Consultants will serve as Interim CFO; the Board will provide updates as required under applicable securities laws.
Search Minerals (OTC:SHCMF) announced a shares-for-debt transaction with related party LeadFX to settle $404,053.73 of indebtedness by issuing 808,107 common shares at a deemed price of $0.50 per share on December 3, 2025.
The issuance is intended to preserve cash and strengthen the balance sheet. The shares will be subject to a statutory hold period of four months and one day. The company relied on exemptions under MI 61-101 for valuation and minority approval because the value issued is under 25% of market capitalization. No new control person will be created. Completion is subject to TSXV approval.