Northwire Canada EditionMonday, July 13, 2026
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S 0.160 +3.2% OMI 0.315 +0.0% BMM 4.02 +5.8% CGD 0.630 +10.5% OCG 0.278 −0.9% CAMB 0.990 −1.0% HMR 0.600 −3.2% GOFL 0.025 +0.0% SIG 1.01 −1.9% SGQ 0.300 +0.0% AMCO 0.220 −12.0% TRS 0.055 +0.0% RRI 0.265 +0.0% GAL 0.390 −2.5% LIB 0.800 −12.1% SMY 0.290 +23.4% S 0.160 +3.2% OMI 0.315 +0.0% BMM 4.02 +5.8% CGD 0.630 +10.5% OCG 0.278 −0.9% CAMB 0.990 −1.0% HMR 0.600 −3.2% GOFL 0.025 +0.0% SIG 1.01 −1.9% SGQ 0.300 +0.0% AMCO 0.220 −12.0% TRS 0.055 +0.0% RRI 0.265 +0.0% GAL 0.390 −2.5% LIB 0.800 −12.1% SMY 0.290 +23.4%
Production / Operations Routine +

Search Minerals Commissions SGS Canada for Comprehensive Scoping Study and Adds Dr. David Dreisinger as Technical Advisor

Search Minerals Advances Labrador CREE District with SGS Scoping Study Amidst Capital Consolidation

By The Northwire Desk — AI Analysis Apr 23, 2026 · 07:01 SMY · 0.34 Search Minerals Inc.
Executive Summary
  • Search Minerals has commissioned SGS Canada Inc. to conduct a comprehensive scoping study and metallurgical test work program for its Critical Rare Earth Element (CREE) district in southeastern Labrador.
  • The program focuses on optimizing mineral concentrate production and reducing overall acid demand during extraction at the flagship DEEP FOX and FOXTROT projects.
  • Dr. David Dreisinger has been appointed as a technical advisor to provide expertise in metallurgical process development and hydrometallurgy.
  • SGS deliverables include detailed mineralogical characterization, advanced mineral processing evaluation (Magnetic Separation/Flotation), and hydrometallurgical validation for acid bake-water leach testwork.
  • Interim CEO Jason Macintosh stated this collaboration is a vital step in technical de-risking to improve economic efficiency and environmental sustainability.
Material Impact
  • The announcement represents expected progression following the Phase 4 assay results released in June 2025 which doubled drilling totals for Deep Fox.
  • Commissioning a scoping study is a standard milestone for resource companies moving from exploration toward feasibility, rather than an unexpected market-moving event.
  • Reducing acid demand is economically positive as it lowers operating costs (OPEX), but the financial impact will only be quantified upon completion of the study.
  • The appointment of Dr. Dreisinger adds credibility given his former role with the company and specific expertise in hydrometallurgy, mitigating technical execution risk slightly.
  • No new capital was raised in this announcement; costs associated with the SGS program will likely require drawdowns from existing loan facilities or future financing, posing a potential dilution risk.
SMY · Price
Company Overview
  • Search Minerals Inc. is focused on developing Critical Rare Earth Element (CREE) deposits in southeastern Labrador, specifically the Port Hope Simpson - St. Lewis CREE District.
  • Flagship projects include Deep Fox and Foxtrot, which have demonstrated high-grade REE mineralization through drilling and channel sampling programs completed in 2025.
  • The company holds a 63-kilometre-long mineral belt that is road accessible and on tidewater, reducing logistics costs compared to remote inland deposits.
  • Recent work has confirmed mineralization continuity to depths of at least 200 meters at Deep Fox and 140 meters at Fox Meadow.
Read the original news release →

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