Search Minerals
Search Minerals Inc. is a Canadian junior explorer developing the Foxtrot and Deep Fox critical rare earth element deposits in Labrador using a patented Direct Extraction Process to produce Nd, Pr, Dy, and Tb for permanent-magnet supply chains.
- Company typePublic
- Founded2009
- HeadquartersNorth Vancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Search Minerals does
Search Minerals Inc. (TSX-V: SMY; OTC: SHCM) is a Canadian junior mineral exploration and development company focused on Critical Rare Earth Elements (CREEs), specifically neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb) — inputs used in permanent magnets for electric vehicles, wind turbines, and defense applications. The company's core asset base is a district-scale land package in south-central Labrador encompassing two flagship deposits, Foxtrot and Deep Fox, plus emerging prospects (Silver Fox, Fox Run, Awesome Fox) and the recently acquired Two Tom Property.
The company's principal technical differentiator is its patented Direct Extraction Process, a proprietary separation and recovery flowsheet designed to produce mixed rare earth concentrates without the conventional, costly cracking and solvent-extraction steps used by most REE producers. The project is supported by a Preliminary Economic Assessment indicating a post-tax NPV of C$1.31 billion and an IRR of 41.5%, alongside metallurgical optimization work underway with SGS Canada and environmental baseline studies with GEMTEC. The company has an Indigenous partnership with the NunatuKavut Community Council and receives strategic alignment from the Government of Canada Critical Minerals program (C$5M non-dilutive funding).
Search Minerals remains pre-revenue and pre-production. Its go-to-market plan centers on offtake agreements with downstream processors — anchored by a memorandum of understanding with USA Rare Earth — combined with potential direct sales of separated rare earth oxides. Near-term capital is sourced through equity private placements and a $3.0 million convertible loan from Petra Holdings (November 2025), with the company operating a lean team of 1–10 employees under a recently transitioned interim leadership (Jason Macintosh as Interim CEO following Joseph Lanzon's February 2026 resignation; Matthew Anderson as Interim CFO).
Search Minerals firmographics
Firmographics- Name
- Search Minerals
- Legal name
- Search Minerals Inc.
- Website
- https://searchminerals.ca
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Search Minerals Inc. is a Canadian junior explorer developing the Foxtrot and Deep Fox critical rare earth element deposits in Labrador using a patented Direct Extraction Process to produce Nd, Pr, Dy, and Tb for permanent-magnet supply chains.
- Ownership category
- akta.pro rank
Search Minerals industry classification
Industry- Product category
- Rare Earth Element Mining
- NAICS
- Other Metal Ore Mining (212290)
- SIC
- Metal Mining (1000), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG)
- akta.pro secondary industries
- Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where Search Minerals is headquartered
LocationHeadquarters
- HQ city
- North Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Search Minerals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Rare Earth Element Sales: The company plans to generate revenue through the sale of processed Critical Rare Earth Elements including neodymium, praseodymium, dysprosium, and terbium. These are neo-CREOs vital to NdFeB magnets used in renewable power generation, electric mobility, and energy-efficient technologies.
- Zirconium and Hafnium By-products: Potential revenue stream from zirconium and hafnium by-products recovered during REE processing, particularly from the Silver Fox prospect which contains exceptionally high Zr values (up to 29,058 ppm Zr).
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Search Minerals product offering
Product offeringCore offering
Search Minerals is a mineral exploration and development company that acquires, explores, and develops Critical Rare Earth Element (CREE) mineral properties in Labrador, Canada. The company controls the 64 km Port Hope Simpson – St. Lewis CREE District containing the Foxtrot and Deep Fox deposits, and employs its patented Direct Extraction Process to produce highly purified mixed rare earth carbonate concentrate and mixed REO concentrate from peralkaline volcanic rocks. The company is pre-revenue and advancing toward commercial production of neodymium, praseodymium, dysprosium, and terbium.
Product overview
Search Minerals is a mineral exploration and development company focused on Critical Rare Earth Elements (CREE) resources in Labrador, Canada. The company's primary offerings include the Direct Extraction Process—a patented technology for extracting and processing rare earth elements (neodymium, praseodymium, dysprosium, and terbium)—along with mineral exploration services and development of its resource properties. The company's key assets are the Deep Fox and Foxtrot deposits in the Port Hope Simpson – St. Lewis CREE District, which have completed preliminary economic assessments demonstrating robust economics with a post-tax NPV of C$1.31 billion and IRR of 41.5%. Search Minerals has completed two pilot plant operations producing highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining, and is advancing toward a demonstration plant using its patented Direct Extraction Process technology.
Differentiator
Problem solved
Functional benefit
Brands
- Port Hope Simpson – St. Lewis CREE District: The company's primary exploration and development district in southeastern Labrador containing the Foxtrot and Deep Fox deposits along with multiple other prospects.
- Red Wine CREE District
Products and services
- Foxtrot Project
Quantifiable outcome
- Post-tax NPV of C$1.31 billion with 41.5% IRR for Deep Fox and Foxtrot project
- +2 more outcomes
Companies that use Search Minerals
Customer profileSegments1 record
Ideal customer profiles1 record
Search Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Search Minerals partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and supporting.
- GEMTECcoreTechnical partner conducting environmental baseline studies for the DEEP FOX & FOXTROT Rare Earth Elements properties in southeastern Labrador, including hydrology, ecology, wildlife, and atmospheric studies to support Environmental Assessment Registration.
- SGS Canada Inc.coreCommissioned to conduct comprehensive scoping study and metallurgical test work program for the Critical Rare Earth Element district, focusing on optimizing mineral concentrate production and reducing acid demand in the extraction process.
- Dr. David DreisingersupportingAppointed as technical advisor to support metallurgical test work and process development activities for the Direct Extraction Process technology.
- NunatuKavut Community CouncilcoreIndigenous community partner with relationship dating back to 2012. Company issued $367,562 unsecured convertible note in full settlement of existing indebtedness. Partnership includes ongoing engagement and consultation on exploration and development activities.
- USA Rare EarthcoreTechnical collaborator and strategic investor. Entered non-binding MOU for offtake agreement and Technical Collaboration Framework Agreement. Participated in private placement financing with $630,000 strategic investment.
- SLR ConsultingcoreResource engineers who completed the NI 43-101 Technical Report and Preliminary Economic Assessment for the Deep Fox and Foxtrot Project.
- SRC (Saskatchewan Research Council)supportingTechnical collaborator with MOU for potential processing and refining collaboration.
- HalyardsupportingConstruction consultants engaged for project development planning.
- NewProsupportingConstruction consultants engaged for project development planning.
Scale indicators5 records
Recent moves6 records
Expansion highlights7 records
Search Minerals competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights7 records
Customer concentration
Search Minerals social profiles
Digital presenceSearch Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Search Minerals leadership team
Management profileNumber of profiles
Profiles7 records
Search Minerals subsidiaries and ownership
Company hierarchySubsidiaries1 record
Search Minerals funding detail
Funding detailFunding overview
Funding rounds8 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Search Minerals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Search Minerals
What does Search Minerals do?
Search Minerals is a mineral exploration and development company that acquires, explores, and develops Critical Rare Earth Element (CREE) mineral properties in Labrador, Canada. The company controls the 64 km Port Hope Simpson – St. Lewis CREE District containing the Foxtrot and Deep Fox deposits, and employs its patented Direct Extraction Process to produce highly purified mixed rare earth carbonate concentrate and mixed REO concentrate from peralkaline volcanic rocks. The company is pre-revenue and advancing toward commercial production of neodymium, praseodymium, dysprosium, and terbium.
Is Search Minerals a public or private company?
Search Minerals is a public company. It is classified as public and is currently operating.
When was Search Minerals founded?
Search Minerals was founded in 2009. It employs 1 to 10 people.
Where is Search Minerals based?
Search Minerals is headquartered in North Vancouver, Canada, in the North America region.
How does Search Minerals make money?
Two revenue lines are on record. Rare Earth Element Sales are the primary driver. The others are zirconium and Hafnium By-products.
Does Search Minerals have an API?
No public API is recorded for Search Minerals.
What industry is Search Minerals in?
Search Minerals's product category is Rare Earth Element Mining. Its primary akta.pro industry code is IMAKAFAG, Rare Earths Mining & Concentrates (REE Ores), with a secondary code of IMAKAFAH, Rare Earths Separation & Refining (Oxides/Metals). Its NAICS code is 212290 and its SIC code is 1000.