Focus and Strategy
Search Minerals’ focus is on exploration and development of the Port Hope Simpson Critical Rare Earth Element District in Southeastern Labrador, Canada. This District is road accessible, on tidewater and contains significant quantities of those elements that are in short supply and considered strategic or critical due to their use in green economy technologies. Based on these attributes, the Company hopes to become a competitive, low-cost, environmentally responsible supplier of Critical Rare Earth Elements (CREE) to the global marketplace.
To accomplish this Search will leverage its scalable breakthrough Direct Extraction Metallurgical Process (patent pending) and its highly accessible district-scale resources in SE Labrador to attract two important strategic partners; an investor to finance the bankable feasibility study for development of its FOXTROT deposit and an off-take partner whose long-term commitments will provide the stable income necessary to to access capital financing for projects of this size.
Search believes that success in securing strategic partners is linked to completing pilot testing of its proprietary Direct Extraction Metallurgical Process. This work was completed at the end of February 2017. With the proceeds from a first development, the vision is to accelerate its exploration cycle to establish the District and bring other deposits into production achieving operational economies and increasing shareholder value.