Search Minerals Advances Rare Earth Project with Scoping Study and New Technical Advisor
Search Minerals has engaged SGS Canada for a scoping study and metallurgical test work program for its Critical Rare Earth Element district in Labrador, and appointed Dr. David Dreisinger as technical advisor, marking a key step in optimizing its extraction process and advancing project development.
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 district in southeastern Labrador. The company also appointed Dr. David Dreisinger as a technical advisor to support metallurgical and process development efforts, strengthening its technical team as it advances its DEEP FOX and FOXTROT projects.
The scoping study aims to optimize concentrate production and reduce acid demand, which are critical factors for future economic studies and project development. This initiative builds on Search Minerals' patented Direct Extraction Process technology, which has been optimized 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 appointment of Dr. David Dreisinger, a recognized expert in metallurgy, underscores the company's commitment to advancing its rare earth element projects. Search Minerals controls a belt 64 km long and 2 km wide in the emerging Port Hope Simpson – St. Lewis CREE District of South-east Labrador, 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.
This development is significant as it marks a strategic step toward de-risking the project and moving closer to production. By optimizing the extraction process and reducing costs, Search Minerals could enhance the economic viability of its rare earth assets, which are critical for various high-tech and green energy applications. The engagement of SGS, a global leader in testing and inspection, lends credibility to the study and suggests that the company is methodically progressing through the development stages.
For more details, the full press release is available at https://ibn.fm/zzFIS. Investors seeking the latest news and updates relating to SHCMF can access the company’s newsroom at https://ibn.fm/SHCMF.