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Searchlight Resources Inc. (V:SCLT)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 408, 1199 West Pender Street
VANCOUVER BC V6E 2R1
Tel: N/A
Website: https://searchlightresources.com
IR: See website
Key People
Stephen M. Wallace
President, Chief Executive Officer, Director
Brian Lorne Crawford
Chief Financial Officer, Secretary
Alfred Bruce Stewart
Vice President of Corporate Development, Director
Business Overview
Searchlight Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the acquisition, exploration and development of mineral properties in Saskatchewan, Canada. Its projects include Bootleg Lake Gold Project, Flin Flon North Project, Reef Lake Nickel Copper Project, Robinson Creek Gold Project, Kulyk Lake Rare Earth Project, English Bay High Grade Gold Project, Duddridge Cobalt-Vanadium-Uranium Project and Cameron Cobalt Project. The Bootleg Lake Gold Project is located near Creighton, Saskatchewan, Canada, approximately five kilometers southwest of the city of Flin Flon, Manitoba and covers an area of approximately 3,718 hectares. It has an option agreement to acquire 100% interest in the Robinson Creek Gold Project located approximately 15 kilometers west of Creighton, Saskatchewan. It consists of approximately seven claim blocks covering 1.84 square kilometers.
Financial Overview
For the nine months ended 31 March 2022, Searchlight Resources Inc revenues was not reported. Net loss decreased 2% to C$1.1M. Lower net loss reflects Mineral exploration costs decrease of 14% to C$428K (expense), Share-based compensation decrease of 11% to C$218K (expense), Impairment of mineral properties decrease from C$15K (expense) to C$0K. Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $10.56M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$1.23M as of Mar 31, 2022
Net annual income (TTM): -$1.33M as of Mar 31, 2022
Free cash flow (TTM): -$1.34M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 123,119,400 as of Aug 16, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization