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Search Minerals Signs Consultancy Agreement with Rare Earth Specialist Kaz Machida
VANCOUVER, British Columbia, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY) is pleased to announce that Mr. Kaz
About this update from Search Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY) is pleased to announce that Mr. Kaz Machida has been engaged to provide consulting services to Search to guide the development of a marketing strategy for entrance into the rare earth supply chain both in North America and primarily Japan. His extensive experience and expertise will add significantly to the Company’s management team. For more than 3 decades, Mr. Machida has worked with Itochu Corporation, an international trading company headquartered in Japan involved in multiple business sectors. Through his career with Itochu, Mr. Machida has been involved with the trade in Rare Earth oxides and metals, primarily from China since the early 1980s, however, it is his strong belief that it is necessary to have a totally independent long-term, stable source of rare earth supply outside of China for the industry. He has been promoting to help the non-Chinese rare earth resource development projects including introducing the Australian Mt. Weld project in late 1980s to the Japanese rare earth industry. He was then invited to join Lynas Corporation and worked with them as a sales representative in Tokyo during the early years of operation in the early part of the 2000s. Mr. Machida is currently engaged to provide consultancy service not only to international rare earths resource developing companies but also to major leading Japanese rare earths users helping them to identify a reliable and competitive long-term source of non-Chinese rare earths supply. Mr. Machida stated: “I am very impressed at the quality and size of the resources Search Minerals has been developing in Labrador, and the easy access to the fundamental infrastructures. I look forward to this opportunity to participate and develop another new invaluable non-Chinese rare earth resource project.” Greg Andrews, President/CEO states: “We are very excited to attract Kaz and his level of expertise to our Company. In June 2019, Kaz visited our properties and operations office in St. Lewis, Labrador and traveled to Goose Bay for Expo Labrador. The recent resource estimate for Deep Fox and our successful 2019 exploration program, moves Search closer to our goal to create a world-class multig...