a District scale opportunity
Building stable, sustainable access to Rare Earth Elements that will power our future
Search Minerals controls a rapidly emerging Critical Rare Earth Element (CREE) District in SE Labrador, Canada.
The opportunity to invest in growth
The Critical Rare Earth Elements (CREEs) found in Search Minerals District are in high demand for green economy technologies, most notably the rapidly growing permanent magnet market.
High Concentrations of Critical REE
Nd, Pr, Dy And Tb
District Scale Opportunity
63 km x 2 km CREE District with other discoveries
Low capital cost $152M
(including a $33M contingency)
Recent Preliminary Economic Assessment
On The FOXTROT Resource
After-tax payback period
4.4 years at a 1,000 tpd production rate
A scalable breakthrough hydrometallurgical process
(U.S. patent pending)
Rare Earth Elements are used in...
- Electric vehicle mobility and traction motors
- Computers, phones, and devices
- Medicine and dentistry
- Wind Turbines
- Defense technology
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