Search Minerals Selected to Participate in Government of Canada Accelerated Growth Service Initiative
June 24 2021 - 4:01PM
Search Minerals Inc. (“Search” or the “Company”) (TSXV:
SMY), is pleased to announce that Search Minerals has been
selected to participate in the Government of Canada Accelerated
Growth Service (“AGS”) initiative, which supports high growth
companies.
AGS, as a ‘one-stop shop’ model, provides Search
with coordinated access to Government of Canada resources as Search
continues to move quickly to production and contribute to the
establishment of a stable and secure rare earth element North
American and European supply chain.
Under AGS, Search has been partnered with a
designated AGS client lead, supported by one representative from
each participating government department. The Search AGS team is
led by the Atlantic Canada Opportunities Agency (ACOA), which has
invested in several Search Minerals projects over the past few
years.
Greg Andrews, President/CEO, comments; “We are
extremely pleased to be accepted into the AGS program. The AGS
program provides Search access to a team of experts in various
government departments with a coordinated effort to advance our
Critical Rare Earth Element project in Newfoundland and Labrador.
The development of our resources along with advancement of our
patented Direct Extraction technology, has positioned Search to be
a secure supplier of rare earth elements from
Newfoundland/Labrador. We are looking forward to working with our
Innovation Advisors to identify funding opportunities for the next
steps of our demonstration scale processing of material from our
District.”
Andrews added: “There has been a coordinated
effort among our ally countries for collaboration to establish a
secure rare earth element supply chain, and Search is poised to
capitalize on these government led initiatives.”
Recent US and Canadian Government
Announcements
-
June 8, 2021 - Canada and the U.S. have been collaborating under
the Canada–U.S. Joint Action Plan on Critical Minerals
Collaboration, advancing mutual interest in securing supply chains
for the critical minerals needed for important manufacturing
sectors, including communication technology, aerospace and defence,
and clean technology. A 100 day supply chain review report
commissioned by President Biden stated: “The United States and
other nations are dependent on a range of critical minerals and
materials that are the building blocks of the products we use every
day. Rare earths metals are essential to manufacturing everything
from engines to airplanes to defense equipment. Demand for many of
these metals is projected to surge over the next two decades,
particularly as the world moves to eliminate net carbon emissions
by 2050.”
https://www.whitehouse.gov/wp-content/uploads/2021/06/100-day-supply-chain-review-report.pdf
-
June 15, 2021 - Canada and European Commission builds on this
commitment: “…a new strategic partnership on raw materials to help
ensure the security of supply chains for the critical minerals and
metals that are essential to the transition to a cleaner and
digitized economy, including for use in electric vehicles and
advanced battery storage. The new partnership will also advance
collaboration on research and innovation in raw material extraction
and processing and create new trade opportunities and private and
public investment for our businesses.”
https://pm.gc.ca/en/news/news-releases/2021/06/15/prime-minister-concludes-productive-canada-european-union-summit
Search Minerals is making significant progress
to close the gap in the rare earth supply chain from upstream
producers to downstream customers.
For further information, please
contact:
Greg AndrewsPresident and CEOTel:
604-998-3432E-mail: info@searchminerals.ca
About Search Minerals Inc.
Led by a proven management team and board of
directors, Search is focused on finding and developing resources
within the emerging Critical Rare Earth Element (“CREE”) District
of South East Labrador. The Company controls a belt 63 km long and
2 km wide including its 100% interest in the
FOXTROT and DEEP FOX Projects,
which are road accessible and at tidewater. Exploration efforts
have advanced FOX MEADOW, AWESOME FOX and
SILVER FOX as new CREE prospects very similar to
and in close proximity to FOXTROT and DEEP
FOX.
Search has continued to optimize our patented
Direct Extraction Process technology with the generous support from
the Department of Industry, Energy and Technology, Government of
Newfoundland and Labrador, and from ACOA. We have completed two
pilot plant operations and produced highly purified mixed rare
earth carbonate concentrate and mixed REO concentrate for
separation and refining.
About Accelerated Growth
Service
The Accelerated Growth Service initiative coordinates government
support for high growth companies in areas such as financing,
advisory support, export and innovation services.
Each participating company has a dedicated Accelerated Growth
Service client lead supported by a team of representatives from
each participating government department.
The Accelerated Growth Service team, in partnership with the
company, identifies growth challenges and works collaboratively to
resolve these challenges. The team can also connect the company to
other departments and organizations with programs specific to their
needs. Find out more here: The Accelerated Growth Service -
Canada.ca
Neither the 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.
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