Slide 1: Corporate Presentation March 2021
Proudly operating in St. Lewis, Labrador, Canada CORPORATE PRESENTATION MARCH 2021 TSX-V: SMY
Slide 2: Disclaimer
DISCLAIMER The information in this presentation is provided as of March 8, 2021 for informational purposes only, is not complete and does not contain all material information about Search Minerals including important disclosures and risk factors associated with the Company's business. This presentat
Slide 3: The Future Is Green
THE FUTURE IS GREEN Canada targeting EU aiming for net- $1.7 trillion investment Major investments in net-zero by 2050, zero by 2050; 10+ EU in green technology; electric vehicle with green jobs and countries phasing out Executive Order to technology from legacy technology playing a internal combust
Slide 4: Rare Earth Elements (REEs) Are Used In...
RARE EARTH ELEMENTS (REEs) ARE USED IN... Electric vehicle mobility Computers, phones, Wind turbines and traction motors and devices Medicine and Defence technology Hundreds of other dentistry applications Yet despite their growing importance, the North American and European REE supply chain is tenu
Slide 5: Permanent Magnets – Value of Rare Earth Supply Chain
PERMANENT MAGNETS – VALUE OF RARE EARTH SUPPLY CHAIN “The value of global magnet rare earth oxide consumption will rise five-fold by 2030, from US$ 2.98B this year to US15.65B at end of the decade (2030)” Adamas Intelligence “Global shortage of neodymium, praseodymium, and didymium oxide will collec
Slide 6: Location – Our Building and Facilities in the Community
LOCATION – OUR BUILDING AND FACILITIES IN THE COMMUNITY Search Minerals Critical Rare Earth Element District TSX-V: SMY 6
Slide 7: District-Scale Opportunity
DISTRICT-SCALE OPPORTUNITY MAJOR DISCOVERIES • Foxtrot (April 2016 PEA) • Deep Fox (November 2019) • Fox Meadow • Silver Fox • Awesome Fox INFRASTRUCTURE • On tidewater, connected to Trans-Labrador Highway , airstrip • 3 local communities: St. Lewis, Mary’s Harbour, Port Hope Simpson TSX-V: SMY 7
Slide 8: Investment Highlights – Competitive Advantage
INVESTMENT HIGHLIGHTS – COMPETITIVE ADVANTAGE Resource and • 63km long by 2km wide Critical Rare Earth Element District excellent • 2 – 43-101 Resource Estimates (Foxtrot/Deep Fox), 3 more advanced prospects, 20+ potential infrastructure prospects • Trans-Labrador Highway through District, on tidewa
Slide 9: Our History and Partnerships
OUR HISTORY AND PARTNERSHIPS 2013-14 2019 Future Bench-scale proof of concept Optimization of pilot plant and Investment will support construction of supported by Atlantic Canada refinement of patented our demonstration plant and industrial- Opportunities metallurgy approach scale buildout 2016-17 2
Slide 10: Patented, Scalable Technology
PATENTED, SCALABLE TECHNOLOGY ● Patented proprietary process for direct REE extraction reduces capital and operating costs compared to traditional methods ● Environmentally friendly process produces only dry, stackable residue—no wet tailings ponds ● Search, ACOA, and InnovateNL dedicated $3M to pil
Slide 11: Where Search Fits in the REE Supply Chain
WHERE SEARCH FITS IN THE REE SUPPLY CHAIN Search Minerals fills these …providing valuable resources to sell important upstream categories… and to build out the supply chain. Original Produce Separate REE Oxides sold to Equipment mixed REE from REE metal Metal Extract REE Metals and Manufacturers con
Slide 12: The Future: Our Strategic Plan
THE FUTURE: OUR STRATEGIC PLAN 2021 2022 2023 Initiate build of demonstration Demonstration plant operating Building and mining plant in St. Lewis, Labrador in St. Lewis development permits secured Process 10 tonnes per day Begin infill drilling at two mine sites (Foxtrot/Deep Fox) Refining process
Slide 13: Our Leadership Team
OUR LEADERSHIP TEAM Greg Andrews Dr. Randy Miller, PhD, P.Geo Dr. David Dreisinger, PhD. Matthew Anderson, CPA President and Vice-President, Vice-President, Metallurgy, Chief Financial CEO, Director Exploration Director Officer Mr. Andrews received his Bachelor of Dr. Miller holds a Ph.D. in Geology
Slide 14: Recent Developments: Stronger Financial Position, Better Valuation
RECENT DEVELOPMENTS: STRONGER FINANCIAL POSITION, BETTER VALUATION BEFORE NOV 30, 2020 (Yearend) AFTER NOV 30, 2020 Strengthening Balance Sheet • Purchased land and building which Search was • Raised $534,000 via private placement at $0.06 per unit previously leasing. 8,000 sq ft used for accommodat
Slide 15: Market Capitalization of Peer Group
MARKET CAPITALIZATION OF PEER GROUP MP Materials Corp. (MP) Lynas Rare Earths Limited (LYC.AX) Australian Strategic Materials Ltd (ASM.AX) NYSE - NYSE Delayed Price. Currency in USD ASX - ASX Delayed Price. Currency in AUD ASX - ASX Delayed Price. Currency in AUD Market Cap: $ 6.02B US Market Cap: $
Slide 16: Corporate Information
CORPORATE INFORMATION Shareholder Information February 28, 2021 Insiders Participation % Ownership Listed: TSX:V:SMY InCoR Holdings ~ 38.0 % Market Cap: 29.4M Mgmt and Directors ~ 4.5 % Shares O/S: 280,028,087 Warrants: 76,643,419 Total ~ 42.5 % Options: 24,950,000 Fully diluted O/S: 381,621,506 Dir
Slide 17: A Secure, Sustainable Future
A SECURE, SUSTAINABLE FUTURE Contact: Greg Andrews, President & CEO gregandrews@searchminerals.ca Tel: 604.998.3432 TSX-V: SMY 17
Slide 18: Appendix
APPENDIX a mm gecTSX-V: SMY 18...
Slide 19: Foxtrot and Deep Fox Resource Estimate
FOXTROT AND DEEP FOX RESOURCE ESTIMATE Cut-off TONNAGE Dy Dy2O3 Nd Nd2O3 Pr Pr6O11 LREE LREO HREE HREO TREE TRE0 CLASSIFICATION $NSR (TONNES) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) % % % % % % OPEN PIT INDICATED $165 4,129,000 177 203 1,393 1,625 372 449 0.69 0.83 0.17 0.2 0.86 1.03 Foxtrot Resource Es
Slide 20: Foxtrot – Preliminary Economic Assessment (2016)
FOXTROT – Preliminary Economic Assessment (2016) FOXTROT PEA FINANCIALS ($CDN) IMPROVED ECONOMICS OF PROJECT WITH UPDATED Plant Capacity 1,000 tpd production rate / 4.9 Mt over 14 years PRELIMINARY ECONOMIC Pre-Tax NPV10% and IRR $93 million and 22% ASSESSMENT REPORT EXPECTED After-Tax NPV10% and IR