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Search Minerals Inc. (SMY.V)
TSXV - TSXV Real Time Price. Currency in CAD
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Here is what everyone should pay attention to in regards to the coming PEA; "We expect to have an updated Preliminary Economic Assessment report (“PEA”) completed by Q1 2022. The relevant and significant milestones our team have accomplished since 2016 will be presented in this PEA. We are expecting significant increase in the annual gross revenue, with the increased production rate, higher grades and improved recovery rates from our patented Direct Extraction technology. We continue to optimize our processing flowsheet with magnetic separation producing a concentrate to go to our Direct Extraction process. We are anticipating capital and operating costs benefits with the new flowsheet.”
Markets are down everywhere. For this sector, nothing to lose sleep over.
China is merging assets from several state-owned firms to create China Rare Earth Group. The new mining giant is expected to allow Beijing more leverage over the supply, and by extension, the price, of these incredibly valuable commodities that are essential for the production of chips and other components used in high-tech products from computers to weapons systems.
Greg Andrews, President and CEO states: “We believe the reduction of the Royalty, will provide flexibility with our future discussions regarding offtake agreements and funding for the projects. Our immediate goal remains our “Sprint to Production” to advance our Critical Rare Earth Element District. We expect to have an updated Preliminary Economic Assessment report (“PEA”) completed by Q1 2022. The relevant and significant milestones our team have accomplished since 2016 will be presented in this PEA. We are expecting significant increase in the annual gross revenue, with the increased production rate, higher grades and improved recovery rates from our patented Direct Extraction technology. We continue to optimize our processing flowsheet with magnetic separation producing a concentrate to go to our Direct Extraction process. We are anticipating capital and operating costs benefits with the new flowsheet.”
Funny price action movement. I am not worried, as the short-term price movement doesn't affect the long term play here.
In the junior companies/exploration companies, it takes time. Rare earth is the new Lithium.
With the news release today looks like this company is doing things right. This stock is about to take off in a big way.
Finally got on board with Search today. $0.16 USD SP too good to pass up. Now going to continue accumulating. GLTA my neighbors to the north!!!!
It is encouraging that both the Liberal and Conservative Parties have committed to action on this front. On Dec. 1, MP Michelle Rempel-Garner raised this during Question Period:
“(W)e are going to need a lot of rare earth minerals in order to build things like batteries for electric powered cars, but we know that in certain countries, child labour is what supports the mining of those particular minerals. Would the Prime Minister commit to sourcing rare earth minerals for the batteries that power Canadian electric cars from fair trade Canadian mines as opposed to offshoring our jobs to child foreign labour?”
To which Prime Minister Trudeau agreed:
“(T)here is an alternative to minerals from China right here in Canada, whether it is cobalt or nickel or lithium or copper or other metals that are essential in the production of the technologies that we use every day and will lean on even more into the future. Canada can be a strong, safe, reliable supplier of these minerals to ourselves and to our allies around the world. That is exactly what we are moving forward on.
Secondly, Canada is in desperate need of improved supply chain legislation for all our imported goods. Senator Julie Miville-Dechêne’s recently reintroduced Bill S-211 (Fighting Against Forced Labour and Child Labour in Supply Chains Act) aims to hold Canadian companies responsible to ensure their supply chains are free of modern slavery and child labour. We urge the government to support this bill or introduce their own supply chain legislation.
When can we expect some more news? Not enough information being put out on what’s happening. Also an explanation of the drill results released recently so everyone can understand exactly what they have compared to other companies.
Almost 8% of today's total volume!
As industrial nations continue to shift towards a greener future and explosive demand for EVs and the associated demand for magnetic materials shows no signs of abating it’s time to take another look at Search Minerals Inc. (TSXV: SMY). Search holds a 100% interest in a rare earths deposit within the Port Hope Simpson – St. Lewis District of South East Labrador that is road accessible and on tidewater, which is a leg up on a lot of their North American counterparts. The company already has a favourable Preliminary Economic Assessment (PEA) for their FOXTROT deposit, a resource estimate for Deep Fox and a third discovery has been identified at Fox Meadow. There are also more than 20 additional exploration prospects identified along the 70 km long and 8 km wide region controlled by Search including Silver Fox and Awesome Fox.The PEA highlights a 14 year mine lifespan on Foxtrot (8 years open pit, 6 years underground) that would recover approximately 7.4 million tonnes of Indicated and 2.0 million tonnes of Inferred Resources. Mineralized zones typically show high concentrations of many of the magnetic materials in demand (Nd, Pr), and some of the most revered critical materials including but not limited to: Dysprosium (Dy) Neodymium (Nd), Praseodymium (Pr), Terbium (Tb) and Yttrium (Y). However, the newest prospect at Silver Fox hosts significantly higher grades of Zirconium (Zr) and Hafnium (Hf).
But this is only the start of the story. What makes Search different from most other critical materials’ explorers is the development of its breakthrough Patented Direct Extraction Metallurgical Process. With the mining of many commodities, it’s not as simple as taking the rock from the ground, crushing it up and sending it to market. Think back to Imperial Metals Mount Polly tailings pond breach in 2014. Mining rare earths are no exception and can have their own environmental nightmare lurking if not addressed properly, just ask China. Fortunately, Search has found an elegant answer for an environmentally conscientious solution for managing waste residue that also significantly reduces CAPEX and operational costs. Without getting into the details (you can read more about it here -->
), this is a big deal.To further the development of this proprietary process, Search signed an MOU with the Saskatchewan Research Council (SRC) on Oct 29, 2020. The MOU outlines a collaboration with SRC as they build their Rare Earths Processing Facility in Saskatchewan, Canada. It is anticipated that using the SRC conventional solvent extraction process will enable Search to validate the ability to produce the individual rare earth oxides necessary to enter the rare earths supply chain.Another intriguing development in progressing this patented process is the Nov 10, 2020 entry into a Technical Collaboration Framework Agreement with USA Rare Earth, LLC. This will involve technical assistance through joint technical meetings, sharing of data, site visits and reviews and collaboration around the engineering and development of Critical Material projects. Subsequent to this agreement on March 11, 2021 USA Rare Earth participated in a Search Minerals private placement with a strategic investment of C$630,000.Search Minerals is a company that has identified an optimally located, economic resource in a commodity that is likely to continue to see increasing demand, has exploration upside and a proprietary process to get its product cost-effectively to market in an environmentally conscious way. This has obviously attracted the interest of others in the industry. That’s how you set yourself apart from the rest of the pack.
The rare-earth metals market is projected to grow
from USD 5.3 billion in 2021 to USD 9.6 billion by
2026, at a CAGR of 12.33% during the forecast
period. The increasing use of rare-earth elements
that are used in the permanent magnet application are
likely to drive the rare-earth metals market. APAC is the
fastest-growing market for rare-earth metals due to
increasing in production and consumption in China.
Significant usage of permanent magnets offer a huge
impetus to these advanced materials, are expected to drive
the rare-earth metals market in the region.
The Neodymium Oxide segment is
projected to lead the global rare-earth metals market through 2026
Neodymium oxide is used to produce magnets which are
found in most modern vehicles and aircraft as well as
popular consumer electronics, such as headphones,
microphones, and computer discs . It is used in high strength permanent magnets that are also known as
neodymium-iron-boron (NdFeB) magnets and are one of
the strongest magnets in the world. Increasing use of Clean
energy application has driven the market.
Great time to add to your share totals. This price won’t last long.
Go Google Kitco - Strategic Metals price and look at Neodymium, up 6,03 % and Praseodymium up 7,17 % to record high numbers.
Lithium up again to record numbers, one of the main reason why LAC (LAC.TO) spiked as well today.
The road will be long, but I truly we have a winner here. Looking for nothing less than a 10X in the 2-3 years to come.
Top Canadian Rare Earths Stocks - SEARCH MINERALS #1!
She's going up Baby!!!
Were there any developments in the federal government program Search joined recently?
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