Search Minerals Receives Provincial Environment Assessment Notice

Search Minerals Inc. (TSXV:SMY) provided a corporate update with some recent developments in the company.

As quoted in the press release:

Search has received notice from the Government of Newfoundland and Labrador (“Province”) confirming that the Foxtrot Project will require an environment assessment. Search has previously received notice from Canadian Environmental Assessment Agency (the “CEAA”) in January 2018. With this notice, Search will receive further guidelines for the completion of an Environmental Impact Statement (“EIS”) from the Province. These guidelines will augment with the guidelines received from CEAA.

Search Minerals has granted, effective today, a total of 5,050,000 stock options to directors, officers, and consultants. All of the stock options are exercisable for a period of 42 months at a price of $ 0.08. The options have been granted pursuant to the Company’s Stock Option Plan. The issuance of the Options is subject to the approval of the TSX Venture Exchange.

Greg Andrews, president & CEO, commented:

[The] notice by the CEAA and the Province are milestone events in the development of the Foxtrot Rare Earth Element Project in Southeastern Labrador. We look forward to the preparation of the Environmental Impact Statement and working with all our current and future stakeholders in an open and transparent manner. The guidelines will provide Search with the requirements to initiate and coordinate the necessary environmental base line studies.

Click here to read the full Surge Energy Inc. (TSX:SGY) press release.