Searchlight Resources Inc. (SCLT.V) is a Canadian mineral exploration and development company focusing on Saskatchewan, Canada. Notably, Saskatchewan has been ranked as the top location for mining investment in Canada by the Fraser Institute. The company’s primary exploration targets are battery minerals and gold, and its flagship property is the Kulyk Lake Rare Earth project. This project, comprising two claims covering approximately 317.1 square kilometers, focuses on rare earth elements and uranium, and is located north of La Ronge, Saskatchewan.
Here’s how we see it:
In 2023, Searchlight has made significant advancements in its exploration activities. The company completed and filed a NI 43-101 Technical Report for the Kulyk Lake project, which underscores its potential. Additionally, Searchlight completed an airborne survey of Kulyk South and released results from a petrographic study of samples from the Hot Ridge and Yellow Brick Road occurrences at Kulyk Lake.
For the year 2022, the company’s focus was on staking and exploring critical minerals targets in Saskatchewan, including securing 100% ownership of the Bootleg Lake Gold project. This move was aimed at strengthening the company’s long-term future.
Equity Guru founder Chris Parry took time to sit down with Searchlight Chairman and VP Corporate Development & director, Alfred Stewart. Stewart has more than forty years in the resource and finance sectors. He’s been on the ground as a geologist, on the floor as a stock exchange regulator and in the room as an investment banker, analyst and investment advisor. Stewart has seen mining from all sides working for such storied firms as BoM, Esso Minerals, Erickson Gold Mining, Canaccord Capital and Haywood Securities. Check out the video interview below:
Searchlight Resources Inc. strong focus on rare earth elements and battery minerals puts it on the front edge of our transition to green energy. That doesn’t mean the company isn’t facing the same challenges as other early stage explorers, but experienced management combined with resource potential in a friendly mining jurisdiction provide some de-risking elements to what might be a prolific find. Investors may want to put this one on their radar. Of course, that doesn’t preclude everyone from doing proper due diligence and speaking with a licensed financial advisor before making any investment decisions.
