Search Minerals Announces Results of Annual General Meeting of Shareholders and Grant of Stock Options
Search Minerals Announces Results of Annual
General Meeting of Shareholders and Grant of
Stock Options
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - July 28, 2025) - Search Minerals Inc. (
TSXV:
SMY
) ("
Search Minerals
" or the "
Company
") is pleased to announce the results of its annual general
meeting of shareholders held on July 24, 2025 (the "
Meeting
").
ELECTION OF DIRECTORS
At the Meeting, all the nominees for re-election as director were re-elected to serve until the next annual
general meeting of shareholders. Following the Meeting, the Company's board of directors is comprised
of Joseph Lanzon, Rohan Hazelton and Diane Poole.
APPOINTMENT OF AUDITOR
At the Meeting, the Company's shareholders approved the reappointment of Mao & Ying LLP Chartered
Accountants as the Company's auditors for the ensuing year and authorized the board of directors to fix
the auditors' remuneration.
APPROVAL OF STOCK OPTION PLAN AND RESTRICTED SHARE UNIT PLAN
At the Meeting, shareholders approved the Company's 10% rolling stock option plan and the Company's
restricted share unit plan, each as described in the management information circular dated June 12,
2025 in respect of the Meeting. As a rolling plan, the stock option plan requires annual shareholder
approval in accordance with TSX Venture Exchange policies. As a fixed plan, the restricted share unit
plan only requires further shareholder approval if the number of shares issuable under the plan is
amended. Both plans remain subject to the final acceptance of the TSX Venture Exchange, to the extent
required.
"We are deeply grateful to our shareholders for their overwhelming support in re-electing the Board of
Directors," said Joseph Lanzon, CEO and Director. "This vote of confidence affirms our strategic vision
and strengthens our mandate to advance Search Minerals' critical rare earth element portfolio. Together,
with a focused, capable team, we are ready to accelerate the next phase of growth."
GRANT OF STOCK OPTIONS
The Company also wishes to announce that the Board of Directors has granted an aggregate of
800,000 stock options to the directors of the Company under its 10% rolling stock option plan. The
options are exercisable at a price of $0.33 per common share for a period of five years. 50% of the
options vest immediately, with the remaining 50% vesting in one year. The stock options are subject to
the terms and conditions of the Company's stock option plan and the policies of the TSX Venture
Exchange.
For further information about Search Minerals, please contact:
Joseph Lanzon
CEO and Director
Telephone: 613-796-5957
Email:
About Search Minerals
Search Minerals is focused on exploring for and developing Critical Rare Earths Elements (CREE) as
well as transition metals Zirconium (Zr) and Hafnium (Hf) within the emerging Port Hope Simpson - St.
Lewis CREE District of South-East Labrador. The Company controls two deposits (Foxtrot and Deep
Fox), two drill ready prospects (Fox Meadow and Silver Fox) and numerous other CREE prospects,
including Fox Valley, Foxy Lady and Awesome Fox, along a 64 kilometre long belt forming a CREE
District in Labrador.
Search Minerals also controls additional CREE assets in the Red Wine CREE District of central
Labrador. These include: the drill ready Two Tom Lake CREE-Be-Nb deposit, the Mann #1 CREE-Nb-
Be prospect and Merlot CREE Prospect.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking
information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the
meaning of applicable Canadian securities legislation. In certain cases, Forward-Looking Information
can be identified by the use of words and phrases or variations of such words and phrases or
statements such as "anticipate", "expect" "plan", "likely", "believe", "intend", "forecast", "project",
"estimate", "potential", "could", "may", "will", "would" or "should". Forward-Looking Information in this
news release are based on certain material assumptions and involve, known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of
Search Minerals to be materially different from any future results, performance or achievements
expressed or implied by the Forward-Looking Information. Such risks and other factors include, those
factors discussed in Search Minerals' public filings. Although Search Minerals has attempted to
identify important factors that could affect Search Minerals and may cause actual actions, events or
results to differ materially from those described in Forward-Looking Information, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended. There can
be no assurance that Forward-Looking Information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on Forward-Looking Information. For further information on these and
other risks and uncertainties that may affect the Company's business, see the Company's
Management's Discussion and Analysis filed with certain Canadian securities regulators, which are
available at
www.sedarplus.ca
. Except as required by law, Search Minerals does not assume any
obligation to release publicly any revisions to Forward-Looking Information contained in this news
release to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/260254