The growing demand for electric vehicles and the global push to develop green energy are creating an insatiable appetite for rare earth elements and specialty metals that could take years to satisfy. Highlighted below is Search Minerals - our top pick in the rare earth space. The rare earth elements market is expected to grow to the tune of 400 percent in the next 10 years. Ten years ago, the rally in rare earths was driven by geopolitical factors as China held back supplies as part of a dispute it had with Japan. When that dispute was resolved the market was once again well stocked with ample supply. A lot has changed in the last 10 years. This demand for rare earths is being driven by society and electrification. Society wants renewable energy, but we need to have the minerals to support that renewable energy. These new societal demands that are driving the minerals market are real and sustainable. IWA strongly encourages investors to look at Search Minerals for many reasons.
SEARCH MINERALS ACKNOWLEDGES JUNIOR EXPLORATION ASSISTANCE FROM GOVERNMENT OF NEWFOUNDLAND AND LABRADOR
Greg Andrews, President and CEO of Search Minerals states, "Search is very appreciative of the Junior Exploration Assistance Program ("JEA") funds granted by the Province of Newfoundland and Labrador Department of Natural Resources. These funds allowed us to hire local personnel and continue to explore and advance the delineation of resources in Labrador's Critical Rare Earth Element District (the "District") in 2021. The Company controls a belt 63 km long and 2 km wide and there are still 20 showings within this belt to be assessed and maintained."
Andrews added: "The results from the 2021 exploration program has allowed Search to significantly increase our resource base and will form part of the updated Preliminary Economic Assessment report which will be released in Q2, 2022. We are in the process of mobilizing for our upcoming 2022 drill and exploration program, which will include approximately 14000m of drilling at Deep Fox to commence in June. The drill program is fully funded with our recent flow-through funding completed in December 2021. We will also continue our exploration work along the District at Silver Fox and Fox Meadow prospects. Fox Meadow is "Drill Ready" and we look forward to commencing a 6000m drill program in the Fall 2022."
IWA is a shareholder of Search Minerals
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.