# Search Minerals Announces Results of the Fox Run 2025 Critical Rare Earth Element Channel Program in Southeastern Labrador Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/search-minerals-announces-results-of-the-fox-run-2025-critical-rare-earth-elemen--2b586f3a-3778-4c54-a793-fed9e2c50760 Original source: https://money.tmx.com/en/quote/SMY/news/8320371265566121/search-minerals-announces-results-of-the-fox-run-2025-critical-rare-earth-elemen Publisher: tmx Original announcement: 2026-03-19T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Search Minerals Inc. - Ticker: SMY - Exchange: TSX - Region: Labrador - Primary commodity: Rare earth - Secondary commodities: Zirconium, Hafnium - Document categories: Drill results, Other - Extracted: 2026-09-16 22:47:51 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Search Minerals reported results from a 2025 channel sampling program at the Fox Run, Foxy Lady, Krazy Fox, and Silver Fox prospects in Labrador. Notable intercepts at Fox Run included high concentrations of Nd, Pr, Dy, and Tb over widths up to 18.18m, which are comparable to the company's existing Foxtrot resource. Reasoning: The program successfully identified significant channel-scale mineralization at the Fox Run prospect with grades comparable to existing resources, extending the known mineralized belt. - Positive factor: Significant width of mineralized channels \(up to 18m\) - Positive factor: High-grade neo-CREO elements \(Nd, Pr, Dy, Tb\) reported - Positive factor: Proximity to existing advanced resources \(Foxtrot and Deep Fox\) - Positive factor: QA/QC protocols and ISO accredited lab disclosed Facts used in scoring: 4 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release includes detailed QA/QC protocols, mention of ISO/IEC 17025 accredited lab \(ActLabs\), and use of standards and duplicates. Evidence · text > ActLabs is an ISO/IEC 17025 accredited laboratory. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Prospects like Fox Run and Foxy Lady occur along the same mineralized belt as existing deposits, suggesting extension of the district. Evidence · text > the Fox Run and Foxy Lady prospects occur along the same mineralized belt between the Company's Foxtrot and Deep Fox deposits **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The value of the new prospects is explicitly linked to their proximity to the Foxtrot and Deep Fox resources. Evidence · text > The proximity of these prospects to the Foxtrot and Deep Fox resources highlights the potential for additional mineralized zones ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### FRC-25-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/search-minerals-announces-results-of-the-fox-run-2025-critical-rare-earth-elemen--2b586f3a-3778-4c54-a793-fed9e2c50760#fact-drill-facts-0) Fox Run · rare earth #### Identity - Hole ID: FRC-25-01 - Project: Fox Run - Commodity: rare earth - Region: labrador - Reported Region: labrador - Ticker: SMY #### Geometry - Grade: 1200 - Grade Unit: ppm - Intercept: 18.18 m #### Classification - Sample Type: channel - Group ID: FRC-25-01:0-18.18 - Mining Method: unknown #### Location - Location: Fox Run - Loc. Source: document #### QA/QC - Laboratory: Activation Laboratories Ltd \(ActLabs\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: Strong intercept of neo-CREO elements over a significant width. - Positive factor: High grade Nd and Pr Evidence · text > FRC-25-01 \(channel\): 164 ppm Dy, 1200 ppm Nd, 321 ppm Pr, 28.0 ppm Tb over 18.18m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The discovery of additional deposits within 10 km of the Foxtrot and Deep Fox resources would provide material to extend" ### FRC-25-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/search-minerals-announces-results-of-the-fox-run-2025-critical-rare-earth-elemen--2b586f3a-3778-4c54-a793-fed9e2c50760#fact-drill-facts-1) Fox Run · rare earth #### Identity - Hole ID: FRC-25-01 - Project: Fox Run - Commodity: rare earth - Region: labrador - Reported Region: labrador - Ticker: SMY #### Geometry - Grade: 321 - Grade Unit: ppm - Intercept: 18.18 m #### Classification - Sample Type: channel - Group ID: FRC-25-01:0-18.18 - Mining Method: unknown #### Location - Location: Fox Run - Loc. Source: document #### QA/QC - Laboratory: Activation Laboratories Ltd \(ActLabs\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: Part of a high-grade multi-element intercept. - Positive factor: High grade Pr Evidence · text > FRC-25-01 \(channel\): 164 ppm Dy, 1200 ppm Nd, 321 ppm Pr, 28.0 ppm Tb over 18.18m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The discovery of additional deposits within 10 km of the Foxtrot and Deep Fox resources would provide material to extend" ### FRC-25-03 [Link to this fact](https://atlas-extractions.minestarters.com/news/search-minerals-announces-results-of-the-fox-run-2025-critical-rare-earth-elemen--2b586f3a-3778-4c54-a793-fed9e2c50760#fact-drill-facts-2) Fox Run · rare earth #### Identity - Hole ID: FRC-25-03 - Project: Fox Run - Commodity: rare earth - Region: labrador - Reported Region: labrador - Ticker: SMY #### Geometry - Grade: 1476 - Grade Unit: ppm - Intercept: 7.08 m #### Classification - Sample Type: channel - Group ID: FRC-25-03:0-7.08 - Mining Method: unknown #### Location - Location: Fox Run - Loc. Source: document #### QA/QC - Laboratory: Activation Laboratories Ltd \(ActLabs\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: High grade Nd intercept. - Positive factor: Very high Nd grade Evidence · text > FRC-25-03 \(channel\): 200 ppm Dy, 1476 ppm Nd, 402 ppm Pr, 33.7 ppm Tb over 7.08m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The discovery of additional deposits within 10 km of the Foxtrot and Deep Fox resources would provide material to extend" ### FLC-25-05 [Link to this fact](https://atlas-extractions.minestarters.com/news/search-minerals-announces-results-of-the-fox-run-2025-critical-rare-earth-elemen--2b586f3a-3778-4c54-a793-fed9e2c50760#fact-drill-facts-3) Fox Run · rare earth #### Identity - Hole ID: FLC-25-05 - Project: Fox Run - Commodity: rare earth - Region: labrador - Reported Region: labrador - Ticker: SMY #### Geometry - Grade: 1307 - Grade Unit: ppm - Intercept: 4.24 m #### Classification - Sample Type: channel - Group ID: FLC-25-05:0-4.24 - Mining Method: unknown #### Location - Location: Fox Run - Loc. Source: document #### QA/QC - Laboratory: Activation Laboratories Ltd \(ActLabs\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: High grade Nd intercept. - Positive factor: High grade Nd Evidence · text > FLC-25-05 \(channel\): 194 ppm Dy, 1307 ppm Nd, 344 ppm Pr, 33.4 ppm Tb over 4.24m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The discovery of additional deposits within 10 km of the Foxtrot and Deep Fox resources would provide material to extend" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.