Search Minerals

Search Minerals (TSXV: SMY | OTC: SHCMD) has reached a settlement regarding approximately $100,000 in outstanding debt with Kee Scarp Ltd. and Todd Burlingame. The company will issue 203,688 common shares to Burlingame and pay $26,600 to Kee Scarp. The share issuance is subject to TSX Venture Exchange approval and a four-month hold period. This move balances debt reduction with potential shareholder dilution.

Search Minerals (TSXV: SMY) announced the resumption of trading on June 16, 2025, and a share consolidation (10:1) effective June 17, 2025. The company focuses on critical rare earth elements like CREE, Zr, and Hf, with assets in Labrador’s Port Hope Simpson-St. Lewis and Red Wine districts, including ready-to-drill prospects. This release includes forward-looking statements about potential risks and uncertainties.