Core Viewpoint - Search Minerals Inc. has entered into debt settlement agreements with certain creditors, aiming to strengthen its balance sheet by issuing common shares in exchange for outstanding debt [1][2][3]. Debt Settlement Transactions - The company will settle a total of $395,496 in debt by issuing 790,992 common shares at a deemed price of $0.50 per share [2]. - The shares issued will be subject to a statutory hold period of four months and one day from the issuance date, in compliance with securities laws and TSX Venture Exchange policies [3]. Insider Participation - Dr. Randy Miller and JCL Consulting Group, both related parties, will receive shares as part of the debt settlement, qualifying as "related party transactions" under Multilateral Instrument 61-101 [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements, as the fair market value of the shares does not exceed 25% of the company's market capitalization [5]. TSX Venture Exchange Approval - The completion of the shares-for-debt transactions is contingent upon approval from the TSX Venture Exchange [6]. Additional Debt Settlement - The company has also settled $404,054 in debt owed to LeadFX by issuing 808,107 common shares, which were issued on December 1, 2025, and are also subject to a four-month hold period [7][8]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [9]. - The company controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects along a 64-kilometer belt in Labrador, as well as additional CREE assets in the Red Wine CREE District [10].

St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - February 3, 2026) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") announces that Joseph Lanzon has resigned as Chief Executive Officer and a director of the Company, effective immediately. The Board of Directors thanks Mr. Lanzon for his dedication and his tireless devotion to moving the Company's flagship project forward. The Board of Directors and the Company wish Mr. Lanzon success in his future endeavors. The Board of Direc ...

Core Points - Search Minerals Inc. has entered into a Shares-for-Debt Transaction with LeadFX Inc. to settle $404,053.73 of outstanding debt by issuing 808,107 common shares at a deemed price of $0.50 per share [1][2] - The transaction aims to preserve cash and strengthen the company's balance sheet, with shares subject to a four-month hold period [2] - LeadFX Inc. is a related party, making this a related party transaction under Multilateral Instrument 61-101 [3] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements as the fair market value of the shares does not exceed 25% of the company's market capitalization [4] - Completion of the transaction is subject to approval from the TSX Venture Exchange [5] Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [5] - The company controls two deposits (Foxtrot and Deep Fox), two drill-ready prospects (Fox Meadow and Silver Fox), and several other CREE prospects along a 64-kilometer belt [5] - Additionally, Search Minerals holds CREE assets in the Red Wine CREE District, including the drill-ready Two Tom Lake CREE-Be-Nb deposit and other prospects [6]

Core Points - Search Minerals Inc. has closed a convertible loan transaction with Petra Holdings Company Inc. for a total principal amount of $3,000,000 [1] - The initial drawdown of the loan is $750,000, with the remaining $2,250,000 available for future drawdowns [1][2] - The loan proceeds will be utilized for the development of the Foxtrot and Deep Fox mining projects, including equipment acquisition, site operations, and general working capital [2] Loan Details - The outstanding principal amount of the loan is due on November 12, 2028, with an interest rate of 15% per annum, payable quarterly [3] - The loan can be converted into common shares at Petra's option, with a conversion price of $0.50 per share for the first year, and thereafter based on the average closing price [4] - Any shares issued upon conversion will be subject to a hold period ending on March 13, 2026 [4] Governance and Information Rights - Petra is entitled to nominate a director, Michael Pearson, as long as there is at least $500,000 principal amount outstanding or Petra owns at least 5% of the common shares [5] - The company will provide Petra with copies of all continuous disclosure documents filed on SEDAR+ [6] Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [7] - The company controls two deposits (Foxtrot and Deep Fox) and several other CREE prospects along a 64-kilometer belt [7][8]

Core Points - Search Minerals Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $843,847 [1][7] - The funds from the FT Financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, qualifying for the Critical Mineral Exploration Tax Credit [1][7] - The net proceeds from the Share Financing will be utilized for working capital and general corporate purposes [1] Financing Details - The financing included the issuance of 1,487,694 FT Units at a price of $0.50 per unit, generating gross proceeds of $743,847, with each unit comprising one flow-through common share and one-half of a transferable non-flow-through common share purchase warrant [7] - Additionally, 303,030 Offered Shares were issued on a non-flow-through basis at a price of $0.33 per share, resulting in gross proceeds of $100,000 [7] - The company paid a total of $16,109.76 in cash finder's fees and issued 6,000 Finder's Warrants to Canaccord Genuity Corp., representing 6% of the FT Units sold [2] Regulatory and Compliance Information - The financings are subject to final acceptance by the TSX Venture Exchange [3] - The FT Shares, Warrants, and Finder's Warrants are subject to a hold period under Canadian securities laws, expiring on March 7, 2026 [3] Company Overview - Search Minerals is focused on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [4] - The company controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects along a 64-kilometer belt in Labrador [4][5]

Company Overview - Search Minerals Inc. has appointed Mr. Jason Macintosh as Chief Financial Officer (CFO), bringing over 25 years of finance experience to the role [1][2] - The company focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [4] Leadership and Strategy - Mr. Macintosh previously served as CFO & Corporate Secretary for STLLR Gold Inc., where he provided strategic leadership for accounting and finance operations [2] - His appointment is expected to enhance the company's leadership capacity and reinforce fiscal discipline, aiming to generate long-term value for shareholders and community partners [3] Project Focus - The Deep Fox and Foxtrot Projects are highlighted as key assets for strengthening Canada's critical minerals supply chain [3] - Search Minerals controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects, indicating a robust portfolio in the CREE sector [4][5]

Core Viewpoint - Search Minerals Inc. has amended the terms of its non-brokered private placement financings, aiming for gross proceeds of up to $993,847, with an increased share price from $0.25 to $0.33 per share [1][2]. Financing Details - The financing consists of two components: a charity flow-through unit private placement (FT Financing) and a hard-dollar private placement (Share Financing) [9]. - The FT Financing aims to raise up to $743,847 through the issuance of up to 1,487,694 FT Units at $0.50 each, while the Share Financing targets $250,000 by offering up to 757,576 common shares at $0.33 each [9]. - The gross proceeds from the FT Financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, which may qualify for the Critical Mineral Exploration Tax Credit [2]. Regulatory Approvals - The financings are subject to necessary regulatory approvals, including acceptance from the TSX Venture Exchange, with no assurance that they will be completed [3]. Securities Issuance - The FT Shares and Warrants will be subject to a hold period of four months and one day from the closing date, in accordance with applicable securities laws [4]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals like Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [6]. - The company controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects along a 64-kilometer belt in Labrador [6][7].

Core Viewpoint - Search Minerals Inc. is planning to conduct non-brokered private placement financings for gross proceeds of up to $993,847 to support its exploration projects in Labrador [1][2]. Financing Details - The financings include a charity flow-through unit private placement of up to 1,487,694 units at a price of $0.50 per unit, aiming for gross proceeds of up to $743,847 [2]. - Additionally, a hard-dollar private placement of up to 1,000,000 common shares at a price of $0.25 per share is planned, targeting gross proceeds of up to $250,000 [2]. - Each flow-through unit will consist of one flow-through common share and one-half of a transferable non-flow-through common share purchase warrant, with each whole warrant exercisable at $0.65 for 24 months [2]. Use of Proceeds - Gross proceeds from the charity flow-through financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, which qualify for the Critical Mineral Exploration Tax Credit [3]. - Net proceeds from the hard-dollar financing will be utilized for working capital and general corporate purposes [3]. Regulatory Approvals - The financings are subject to necessary regulatory approvals, including acceptance from the TSX Venture Exchange, with no assurance that they will be completed [4]. Securities Information - The securities issued will be subject to a hold period of four months and one day from the closing date, in accordance with applicable securities laws [5]. - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [6]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements and transition metals in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador, controlling two deposits and several prospects [7]. - The company also holds additional CREE assets in the Red Wine CREE District of central Labrador, including drill-ready deposits and prospects [8].

Core Insights - Search Minerals Inc. has appointed Mr. Michael Pearson to its Board of Directors, bringing over 30 years of international business leadership experience in mining and technology [1][2][3] - Mr. Pearson is currently the CEO of CONTAX Inc. and Petra Holdings, and has held leadership roles in various mining companies, indicating a strong background relevant to Search Minerals' strategic goals [2][3] - The company is focused on advancing the North American rare earths supply chain, with plans to transition its critical rare earth element district from exploration to a new mine in southeastern Labrador [3] Company Overview - Search Minerals is dedicated to exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium (Zr) and Hafnium (Hf) in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [4] - The company controls two deposits (Foxtrot and Deep Fox), two drill-ready prospects (Fox Meadow and Silver Fox), and several other CREE prospects along a 64-kilometer belt in Labrador [4] - Additionally, Search Minerals has CREE assets in the Red Wine CREE District of central Labrador, including the drill-ready Two Tom Lake CREE-Be-Nb deposit and other prospects [5]

Core Viewpoint - Search Minerals Inc. has announced a $3,000,000 unsecured convertible revolving loan from Petra Holdings Company Inc. to support the development of its mining projects and improve its financial structure [1][2][3]. Financing Details - The loan proceeds will be allocated for the development of the Foxtrot and Deep Fox mining projects, including equipment acquisition, site operations, infrastructure, technical assessments, environmental compliance, and general working capital [2]. - The loan will bear an interest rate of 15% per annum, payable quarterly, and the principal amount is due three years from the initial drawdown [4]. - The loan is convertible into common shares at a price of $0.50 per share for the first year, with subsequent conversions based on the average closing price on the TSX Venture Exchange [5]. Corporate Governance and Information Rights - Petra will have the right to nominate a director to the Company’s board as long as it holds at least 5% of the outstanding shares or has $500,000 principal amount outstanding under the loan [6]. - The Company is required to provide Petra with copies of all continuous disclosure documents filed on SEDAR+ [7]. Conditions Precedent - The closing of the loan is contingent upon the execution of a definitive loan agreement, approval from the Company’s Board of Directors, and approval from the TSX Venture Exchange [8]. Additional Debt Conversion - Search Minerals has also entered into an agreement with LeadFX Inc. to convert $404,053.73 of debt into a fixed-term unsecured convertible loan to assist in reorganizing its debt structure [9][10]. - Similar to the Petra loan, the LeadFX Loan will bear a 15% interest rate and is convertible into common shares at a price of $0.50 per share for the first year [11][12]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador, controlling two primary deposits and several other prospects [14][15].