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Last C$0.05 CAD
Change Today 0.00 / 0.00%
Volume 5.0K
SMY On Other Exchanges
As of 10:09 AM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

search minerals inc (SMY) Snapshot

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05/15/15 - C$0.13
52 Week Low
12/8/14 - C$0.03
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search minerals inc (SMY) Details

Search Minerals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral resource properties in Canada. It primarily explores for strategic metals, including dysprosium, neodymium, tin, and tungsten. The company’s flagship project is the Foxtrot project located in the Port Hope Simpson rare earth elements district in southeast Labrador. It is also involved in the research and development of the starved acid leaching technology, a process to recover metals from processing and production facilities. The company was incorporated in 2006 and is headquartered in North Vancouver, Canada.

Founded in 2006

search minerals inc (SMY) Top Compensated Officers

Executive Chairman and Member of Audit Commit...
Total Annual Compensation: C$42.7K
Chief Financial Officer
Total Annual Compensation: --
Vice-President of Exploration
Total Annual Compensation: C$182.5K
Compensation as of Fiscal Year 2014.

search minerals inc (SMY) Key Developments

Search Minerals Inc. Announces Re-Location of the Exploration Office to St. Lewis

Search Minerals Inc. announced the Search Exploration office is in the process of moving to a larger facility in St. Lewis, which will house the exploration team, facilitate the core analysis and separation operation, and provide space to maintain all the company's core, including that from the Red Wine Complex. The consolidation of offices and core shacks will have immediate savings for the company. The exploration office is located closer to the FOXTROT project and Deepwater Fox prospect, which will reduce travel time and the associated costs getting to the worksites.

Search Minerals Inc. Becomes as Defendant in Lawsuit by Former Officers

Search Minerals Inc. announced that it has been named as a defendant in a lawsuit commenced in the Ontario Superior Court of Justice by two former officers of the company, Stephen Keith and Alexandre Penha, in relation to an alleged defamatory news release issued by the company in 2014 and the payment of compensation and expenses. The company believes that it has meritorious defences and set-offs to the claims and intends to vigorously defend the action.

Search Minerals Inc. Owns 100% of Red Wine Complex Property with Purchase of Great Western Mineral's Working Interest

Search Minerals Inc. and its wholly-owned subsidiary, Alterra Resources Inc. announced that the company has purchased from Great Western Minerals Group Ltd. (GWMG) its interest in the Red Wine Complex Property. GWMG had acquired its interest in the Property pursuant to an option agreement between the company and GWMG dated July 23, 2010. Following this acquisition, Search now owns 100% of the Property. The acquisition was completed pursuant to a Sale and Purchase Agreement whereby Search acquired GWMG's interest for payment of $20,000, which amount has been paid. The Red Wine REE Project currently consists of 8 licenses (297 claims) in central Labrador, about 110 km NE of Churchill Falls.


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