Searchlight Resources Inc. V.SCLT

Alternate Symbol(s): SCLTF

Metals & Mining Industrial Metals & Minerals

Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, Canada. The Company’s exploration focus is on battery minerals and gold throughout the province. It holds over 1300 square kilometers (km2) of claims in Saskatchewan. The Company's Kulyk Lake Rare Earth / Uranium project covers approximately 317.1 km2 and is located approximately 165 km north of La Ronge, Saskatchewan, and 65 km south of the Key Lake Uranium Mill. The Company holds a 75 % interest in Bootleg Lake Gold Project, which is located near Creighton, Saskatchewan, Canada, five km southwest of the city of Flin Flon, Manitoba. Its Wapawekka claims cover over 89.1 km2, located approximately 70 km southeast of La Ronge, Saskatchewan, and approximately 35 km north of Highway 165. The Company’s Hanson Lake Beryliferous Pegmatite Field is a Pegmatite system anomalous in beryllium, rubidium, niobium, gallium, tantalum, lithium, cesium and tin.

TSXV:SCLT - Post by User

Searchlight Resources Inc.

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Comment by rborhion May 08, 2020 3:14pm

59 Views

Post# 31004802

RE:.025 PP ..... really?

Companies are allowed to do financings now at 1 cent (yes, a penny) per unit, so it could be worse.

They need to get going on their projects and it looks like they're going to the gold projects which is good. I imagine their funding sources were limited. Will be interesting to see who takes part in the financing and if it gets filled.

I hate the dilution, with all the shares and warrants it could end up as about 64 million more shares.

If all the warrants are exercised, it would be an additional $1.4 million to the company.

Insiders have been buying in the market in the past year at 3 and 3.5 cents so that's another good sign.

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