Searchlight Resources Options Uranium Assets to Refined Energy
Company Announcements

Searchlight Resources Options Uranium Assets to Refined Energy

Story Highlights

Searchlight Resources Inc (TSE:SCLT) has released an update.

Searchlight Resources Inc. has struck a deal with Refined Energy Corp. to option its Basin and Milner uranium properties in Northern Saskatchewan. The agreements involve cash payments, share issuances, and work commitments from Refined Energy, as well as a 2% net smelter return royalty for Searchlight, with a buyback option. This partnership allows Searchlight to concentrate on its other projects, including uranium and rare earth element ventures.

For further insights into TSE:SCLT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskSearchlight Resources Kicks Off Bear Lake REE Surveys
TipRanks Canadian Auto-Generated NewsdeskSearchlight Discovers Promising Uranium and REE Zones
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App