Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Search Minerals Inc. is a Canada-based mineral exploration and development company focused on rare earth elements (REEs), particularly magnet metals used in electric vehicles, wind turbines, and advanced electronics. The company operates within the mining and critical minerals industry and is publicly traded on the TSX Venture Exchange under the symbol SMY and on the U.S. OTC market as SHCMF. Its primary business objective is the discovery, development, and potential production of REEs, with an emphasis on neodymium, praseodymium, dysprosium, and terbium.
The company’s core assets are early- to advanced-stage exploration projects rather than producing mines, and it does not currently generate operating revenue. Search Minerals positions itself as a potential North American supplier of critical rare earth magnet metals, leveraging geopolitical interest in securing non‑Chinese supply chains. The company was incorporated in 2011 and has since evolved from a junior explorer into a developer advancing economic studies and metallurgical testing on its flagship properties in eastern Canada.
Business Operations
Search Minerals’ operations are organized around the exploration and development of REE mineral deposits, with its principal business units centered on the Deep Fox Project and the Foxtrot Project, both located in Labrador, Newfoundland and Labrador. These projects host rare earth-bearing mineralization with a focus on magnet metal-rich assemblages. The company’s activities include geological exploration, resource definition, metallurgical testing, and economic assessments such as preliminary economic analyses.
Operations are entirely based in Canada, and the company does not currently maintain international mining operations. Search Minerals controls its assets directly and does not report any producing subsidiaries or revenue-generating joint ventures. Technical work, including metallurgical testing and economic evaluations, is conducted through external engineering and laboratory service providers. Based on available public disclosures, data regarding long-term off‑take agreements or binding strategic partnerships is inconclusive.
Strategic Position & Investments
Strategically, Search Minerals aims to develop an integrated rare earth supply chain in Newfoundland and Labrador, potentially encompassing mining, mineral processing, and separation of rare earth oxides. The company has emphasized its intention to align development plans with North American and allied-country demand for critical minerals essential to clean energy and defense technologies.
Investment activity has primarily been directed toward advancing its flagship projects through updated resource estimates, metallurgical flowsheet development, and economic studies rather than through acquisitions. The company has not announced any completed mergers or acquisitions of other mining companies, and it does not control a portfolio of operating subsidiaries. Involvement in downstream processing or emerging REE separation technologies has been discussed in corporate disclosures, but the commercial readiness and financing of such initiatives remain inconclusive based on publicly available information.
Geographic Footprint
Search Minerals’ geographic footprint is concentrated in Canada, with all known mineral assets located in Newfoundland and Labrador. The company’s headquarters and corporate management are also based in Canada, reflecting its exclusive focus on domestic critical mineral development.
While the company positions itself within a global rare earth supply context, it does not currently maintain exploration licenses, production facilities, or equity investments outside North America. Any international market influence is indirect and tied to the potential future export of rare earth products to global manufacturers, subject to project development and regulatory approvals.
Leadership & Governance
Search Minerals is led by a management team with experience in mineral exploration, project development, and public company governance. The leadership emphasizes disciplined project advancement, technical validation of resources, and alignment with government and industry priorities related to critical minerals security.
Key executives include:
- Greg Andrews – President & Chief Executive Officer
- Alexey Yelagin – Chief Financial Officer
- Peter Clausi – Chairman of the Board
Publicly available disclosures do not consistently identify additional executive officers beyond this core group. Where executive roles or governance details vary across filings and presentations, data is inconclusive based on available public sources.