Searchlight Resources Options Uranium Assets to Refined Energy

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.

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