Search Minerals (TSE:SMY) has released an update.
Search Minerals Inc. has reached an amendment in its agreement with the Vendors of the Two Tom Property, rescheduling a cash payment and postponing share issuance until a cease trade order is resolved. The company’s new board is actively working to address the missteps of the previous leadership and aims to re-establish shareholder trust by meeting reporting requirements and lifting the cease trade order. This move is essential for the company’s future, particularly in the development of Critical Rare Earths Elements in Labrador.
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