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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
Tel: N/A
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 six months ended 31 December 2021, Searchlight Resources Inc revenues was not reported. Net loss increased 37% to C$604K. Higher net loss reflects Mineral exploration costs increase of 52% to C$280K (expense), Management and consulting fees increase of 62% to C$83K (expense), Settlement of flow-through premium liabi decrease from C$26K (income) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $7.61M as of Dec 31, 2021
Annual revenue (TTM): $0.00M as of Dec 31, 2021
EBITDA (TTM): -$1.44M as of Dec 31, 2021
Net annual income (TTM): -$1.51M as of Dec 31, 2021
Free cash flow (TTM): -$1.70M as of Dec 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 119,586,640 as of Feb 4, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization