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Searchlight Resources Inc. - SCLTF STOCK NEWS

Welcome to our dedicated news page for Searchlight Resources (Ticker: SCLTF), a resource for investors and traders seeking the latest updates and insights on Searchlight Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Searchlight Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Searchlight Resources's position in the market.

News
Searchlight Resources Stakes in the Athabasca Basin
Rhea-AI Summary
Searchlight Resources Inc. announces the staking of two new mineral claims in the Eastern Athabasca Basin, totaling 43.5 sq km. These claims are strategically located near the highest-grade operating Uranium mines globally. The company plans to conduct detailed geological evaluations and future exploration on these claims, aligning with its exploration strategy. The claims will complement Searchlight's existing uranium project portfolio, including the Duddridge Lake Uranium Deposit with a historic inferred resource estimate of 227,880 tonnes. Stephen Wallace, President, and CEO of Searchlight, highlighted the significance of these claims in expanding the company's critical element projects.
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0.54%
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Searchlight Resources Announces Sale of Hanson Lake Project in Saskatchewan
Rhea-AI Summary
Searchlight Resources Inc. announces the sale of Hanson Lake claim for $50,000 and 1% NSR to Willgrass Resources. Searchlight retains the Jan Lake Pegmatite Claims. The company continues to hold 148.6 sq km claim block covering Jan Lake Aplogranite Pegmatite sheets with significant exploration potential.
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24.32%
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Searchlight Resources Reports MMI Results from Duddridge Lake Uranium Project
Rhea-AI Summary
Searchlight Resources Inc. reports positive results from the Mobile Metal Ion survey on the Duddridge Lake Uranium project, indicating potential uranium and copper extensions. The project boasts a historical 43-101 resource estimate, with plans for a significant drill program to explore further. The project's accessibility and mineralization characteristics make it a promising exploration target.
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Searchlight Resources Inc. Invites Shareholders and Investment Community to visit them at Booth 2338 at PDAC 2024 in Toronto, March 3-6
Rhea-AI Summary
Searchlight Resources Inc. to Showcase Uranium and Rare Earths Projects at PDAC Convention
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Searchlight Resources Stakes Milner Lake Uranium Project in Saskatchewan
Rhea-AI Summary
Searchlight Resources Inc. announces the staking of the Milner Lake Uranium Project, with samples up to 1.39% uranium oxide. The project is located approximately 5 kilometers west of Missinipe, and 60 kilometers north of La Ronge, Saskatchewan. The claim covers two areas of known uranium mineralization, with trench assays yielding up to 0.50% U3O8. The staking is part of the company's systematic research and evaluation of past exploration projects in Saskatchewan.
Rhea-AI Impact
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-26.63%
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Searchlight Resources Announces Closing of Critical Metals Flow-Through Private Placement
Rhea-AI Summary
Searchlight Resources Inc. (TSXV: SCLT) (OTCQB: SCLTF) has successfully closed a private placement of Critical Metals flow-through units, raising $205,002. Each unit, priced at $0.03, consists of one Critical Mineral Exploration flow-through share and one-half of one transferable common share purchase warrant. The company issued 6,833,400 units and expects to use the proceeds to fund exploration expenditures on its portfolio of Critical Metals mineral properties.
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Searchlight Completes Airborne Surveys at Duddridge Lake and Daly Lake
Rhea-AI Summary
Searchlight Resources Inc. (TSXV: SCLT) (OTCQB: SCLTF) completed high-resolution aeromagnetic and radiometric surveys on the Duddridge Lake and Daly Lake projects in Saskatchewan. The surveys covered 1,317.0-line km at Daly Lake and 820.5-line km at Duddridge Lake. The Daly Lake area has multiple Rare Earth Element (REE), thorium, and uranium occurrences, with over 1% Total Rare Earth Elements (TREE). The Kulyk Lake and Daly Lake claims cover a combined area of 395.5 square kilometers and host 54 known REE, thorium, and uranium occurrences along a 30-km long zone. Stephen Wallace, Searchlight CEO, anticipates final survey results in the next thirty days.
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3.45%
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Searchlight Resources Announces Critical Mineral Flow-Through Private Placement
Rhea-AI Summary
Searchlight Resources Inc. (TSXV: SCLT) (OTCQB: SCLTF) announces a private placement financing of Critical Mineral Exploration flow-through units, issuing up to 10,000,000 units at $0.03 per unit for proceeds of $300,000. Each unit includes a Critical Mineral Exploration flow-through share and one-half of a transferable common share purchase warrant. The company also plans to pay finder's fees and intends to use the proceeds for exploration expenditures on its Critical Mineral properties.
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-0.69%
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Searchlight Identifies Additional Strategic Metals and Minerals at Kulyk Rare Earth / Uranium Project
Rhea-AI Summary
Searchlight Resources Inc. has released the results of a petrographic study of samples from the Hot Ridge and Yellow Brick Road occurrences at the Kulyk Lake Rare Earth/Uranium project. Monazite, a rare earth ore mineral, was identified in four of the five thin sections, with concentrations up to 2%. The study confirms that rare earth mineralization on the Kulyk Lake claims is more extensive than previously known. The company also found anomalous uranium and hafnium values in the samples. In addition, a geological team completed follow-up prospecting and mobile metal ion sampling, and airborne surveys are being conducted in the Daly Lake area. The exploration has identified a large area of pegmatites with the potential for hosting additional rare earth and critical metal targets.
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Searchlight Begins 2023 Exploration on Duddridge Lake Uranium Deposit
Rhea-AI Summary
Searchlight Resources Inc. has begun field exploration at the Duddridge Lake Uranium Deposit and plans to conduct a detailed MMI survey to acquire additional data for a near-term drill program. The deposit has a known historical inferred mineral resource of 227,880 tonnes with a grade of 2.14 lbs/tonne U3O8.
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Searchlight Resources Inc.

OTC:SCLTF

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SCLTF Stock Data

2.69M
134.94M
7.61%
Other Industrial Metals & Mining
Basic Materials
Link
Canada
Vancouver

About SCLTF

searchlight resources inc., an exploration stage company, acquires, explores for, and develops mineral properties in canada. it explores for copper, cobalt, gold, vanadium, and uranium deposits. the company holds interests in the bootleg lake gold project covering 7,280 hectares located near creighton, saskatchewan; the duddridge lake property comprising 4 mineral claims covering approximately 3,051.6 hectares located to the northwest of la ronge, saskatchewan; and the cameron cobalt project located in the north of north bay, ontario. it also holds interests in the flin flon north project consisting of 2 mineral claims covering an area of 5,644.7 hectares located in saskatchewan; and the english bay property covering an area of 3,140 hectares located in the north la ronge, saskatchewan. the company was formerly known as canyon copper corp. and changed its name to searchlight resources inc. in july 2018. searchlight resources inc. was founded in 2000 and is based in vancouver, canada.