Pat the beef chuck dry with paper towels and season evenly with sea salt and black pepper.
Heat the olive oil in a heavy-bottomed pot over medium-high heat and sear the beef until a dark crust forms on all sides.
Remove the beef from the pot and add the cremini mushrooms, carrots, and pearl onions, sautéing until the vegetables are slightly browned.
Stir in the minced garlic and tomato paste, cooking for one minute until the mixture becomes fragrant.
Pour in the dry red wine to deglaze the pot, using a wooden spoon to scrape up the flavorful browned bits from the bottom.
Return the seared beef to the pot and add the beef bone broth, fresh thyme, and the bay leaf.
Cover the pot with a tight-fitting lid and simmer on low heat for 90 minutes, or until the beef is tender and the sauce has thickened.