Searchlight Resources Inc (SCLT) AI Stock Analysis

• Market Cap: C$5.60M
• Dividend Yield: N/A
• Average Volume (3M): 55.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.65
• Revenue Growth: N/A
• EPS Growth: 59.67%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 43,111,970
• 10 Day Avg. Volume: 27,337
• 30 Day Avg. Volume: 55,414
• PEG Ratio: 0.08
• Price to Book (P/B): 4.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$0.13 ▲(33.00% Upside)

The score is held back primarily by weak financial performance (pre-revenue losses, negative cash flow, and declining equity), partially offset by strong recent technical momentum (price above major moving averages and positive MACD). Valuation is also constrained by the lack of profitability and no dividend support.

Positive Factors

Debt Position

No reported debt materially reduces fixed financial obligations and interest burden, preserving optionality for a capital-intensive exploration cycle. This structural strength lowers insolvency risk and gives management flexibility to pursue drilling or joint-venture funding without servicing loans.

Improving Cash Burn

Recent improvement in operating cash outflows signals better cost control or scaled-back spending, which lengthens runway for value-creating exploration work. Sustained lower burn improves the firm's ability to reach milestones before seeking dilutive financing, strengthening execution odds.

Narrowing Losses

A trend of shrinking net losses indicates progress toward operational efficiency or targeted spending, improving resilience over multi-quarter horizons. Consistent reduction in losses preserves equity value and increases the probability the company can reach resource-development milestones with less incremental capital.

Negative Factors

Pre-Revenue Business

Being pre-revenue means the company lacks operating cash inflows and relies on external financing or asset monetization. Structurally, this elevates funding and dilution risk across the multi-year exploration timeline and ties long-term viability to successful discoveries or partner deals.

Eroding Equity Base

A steep decline in shareholders' equity reflects cumulative losses and reduces the balance-sheet buffer available for setbacks. This structural erosion limits capacity to absorb exploration disappointments, restricts access to non-dilutive debt financing, and increases likelihood of future equity raises.

Persistent Negative Cash Flow

Sustained negative operating and free cash flow indicates the business cannot self-fund exploration or cover capex, making it continuously reliant on capital markets. Over 2–6 months this structural cash deficit raises liquidity risk and forces recurring financing or asset sales, diluting long-term returns.

Searchlight Resources Inc Business Overview & Revenue Model

Company Description

Searchlight Resources Inc., an exploration stage company, acquires, explores for, and develops mineral properties in Canada. It explores for copper, lead, cobalt, gold, vanadium, nickel, and uranium deposits, as well as rare earth elements. The company holds interests in the Kulyk Lake rare earth project located to the north La Ronge, Saskatchewan; the Bootleg Lake gold property located near Creighton, Saskatchewan; and the Duddridge Lake property located to the northwest of La Ronge, Saskatchewan. It also holds interests in the Flin Flon North project located in Saskatchewan; the Reef Lake nickel project located in north central Saskatchewan; and the Wapawekka Greenstone project located to western section of Wapawekka Greenstone Belt. In addition, it has an option to acquire a 100% interest in the Robinson Creek gold project located to the west of Creighton, Saskatchewan. The company was formerly known as Canyon Copper Corp. and changed its name to Searchlight Resources Inc. in July 2018. Searchlight Resources Inc. was incorporated in 2000 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Searchlight Resources Inc. generates revenue primarily through the exploration and development of mineral properties with a focus on gold, copper, and vanadium. The company's primary revenue streams include the sale or joint venture of its mineral projects, whereby they partner with or sell to larger mining companies that have the capacity to further develop and produce from these properties. Additionally, Searchlight Resources may raise capital through equity financing, issuing shares to fund exploration activities and project development. Strategic partnerships and joint ventures with other mining companies or investors also play a significant role in providing both financial resources and technical expertise, thereby contributing to the company's earnings.

Searchlight Resources Inc Financial Statement Overview

Summary

Pre-revenue with continued operating and net losses, and consistently negative operating/free cash flow. Cash burn has improved versus prior year and the company reports no debt, but equity has materially declined over time, indicating ongoing capital erosion and funding risk.

Income Statement

TTM (Trailing-Twelve-Months) results show no revenue and continued operating losses (EBIT of about -$0.52M; net loss about -$0.43M). While losses are smaller than prior annual periods (e.g., FY2024 net loss about -$1.19M and FY2023 about -$1.39M), the business is still pre-revenue with no demonstrated gross profit, leaving profitability highly dependent on future commercialization/asset monetization.

Balance Sheet

The balance sheet is conservatively financed with no debt reported across periods, which reduces financial risk. However, equity has materially declined over time (from about $2.09M in FY2022 to about $0.52M in FY2025 annual), reflecting ongoing losses and a shrinking capital base; returns on equity are also consistently negative, signaling continued value erosion without an operating turnaround.

Cash Flow

Cash generation remains weak with negative operating and free cash flow in all periods (TTM operating cash flow about -$0.08M; free cash flow about -$0.10M). A key positive is that cash burn has recently improved versus FY2024 (operating cash flow about -$1.30M), but free cash flow growth is volatile and the company is still funding losses with cash outflows, increasing reliance on external financing over time.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-495.88K	-458.23K	-1.19M	-1.16M	-1.09M	-1.35M
Net Income	-434.58K	-458.24K	-1.19M	-1.39M	-1.34M	-1.35M
Balance Sheet
Total Assets	966.00K	946.08K	1.16M	2.18M	2.16M	1.90M
Cash, Cash Equivalents and Short-Term Investments	128.29K	113.79K	197.13K	1.31M	1.47M	1.36M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	484.54K	421.36K	173.53K	138.81K	72.33K	21.56K
Stockholders Equity	481.47K	524.72K	982.96K	2.04M	2.09M	1.87M
Cash Flow
Free Cash Flow	-103.38K	-188.09K	-1.33M	-1.22M	-1.17M	-1.29M
Operating Cash Flow	-78.45K	-178.09K	-1.30M	-1.20M	-1.12M	-1.17M
Investing Cash Flow	79.61K	73.69K	25.00K	-16.25K	-50.00K	-125.00K
Financing Cash Flow	0.00	0.00	194.68K	1.08M	1.38M	1.60M

Searchlight Resources Inc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SCLT, the sentiment is Neutral. The current price of 0.1 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.13, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.32 is Neutral, neither overbought nor oversold. The STOCH value of 32.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SCLT.

Searchlight Resources Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SCLT	54 Neutral	C$5.60M	-8.78	-62.20%	―	―	59.67%
QMC	52 Neutral	C$7.29M	-31.82	―	―	―	14.29%
MEK	50 Neutral	C$7.74M	-10.00	-16.74%	―	―	-122.22%
ORS	45 Neutral	C$12.78M	-13.95	-12.84%	―	―	-255.56%
CPS	42 Neutral	C$6.95M	-2.01	―	―	―	25.99%
LL	41 Neutral	C$6.35M	-2.36	―	―	―	―

Searchlight Resources Inc Corporate Events

Searchlight Resources Identifies New Rare Earth Targets at Bear Lake Project

Searchlight Resources has completed airborne radiometric and magnetic surveys over its Bear Lake rare earth project in northern Saskatchewan, confirming historical rare earth anomalies and uncovering significant new thorium-based targets, including a 600-by-500-metre zone and a 1.5-kilometre linear anomaly along Ena Lake. Management says the new anomalies, interpreted as potential monazite-bearing rare earth mineralization, reinforce the rare earth potential of the Bear Lake claims, which already host high-grade historical samples and lie near other advanced Saskatchewan rare earth deposits, potentially strengthening the region’s role as a source of feedstock for the province’s emerging rare earth processing infrastructure.

The most recent analyst rating on (TSE:SCLT) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Searchlight Resources Inc stock, see the TSE:SCLT Stock Forecast page.

Searchlight Uncovers New Thorium Anomalies in Bear Lake Rare Earth Survey

Searchlight Resources has completed airborne radiometric and magnetic surveys over its Bear Lake rare earth element project in northern Saskatchewan, identifying both confirmed and new thorium anomalies that signal strong rare earth potential. The work outlined a large 600m by 500m previously unknown thorium zone and a separate 1.5 km linear thorium anomaly along Ena Lake, building on historical high-grade rare earth samples and situating Bear Lake near other advanced Saskatchewan rare earth deposits. Management highlights that Bear Lake, together with Ena Lake and other company rare earth projects, could position Searchlight as a prospective supplier of feedstock to Saskatchewan’s emerging rare earth processing infrastructure, underscoring the province’s growing role as a Canadian hub for critical mineral production.

The most recent analyst rating on (TSE:SCLT) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Searchlight Resources Inc stock, see the TSE:SCLT Stock Forecast page.

Searchlight Sells Saskatchewan Critical Metals Assets to Refocus on Flagship Gold Projects

Searchlight Resources Inc. has agreed to sell its wholly owned Kulyk Lake and Daly Lake critical metals projects in northern Saskatchewan to private company Monazite Metals Corp. for consideration valued at up to $1.48 million, including $180,000 in cash, 10 million Monazite Metals shares, a 1% net smelter royalty with a $1 million buyout option, and up to $300,000 in additional equity payments tied to drilling milestones. Management says the divestiture will allow Searchlight to concentrate resources on its flagship gold assets near Flin Flon, including a planned 2,000‑metre drill program at the Robinson Creek Gold project, while a concurrent appointment of Jason Powell of 51 Media Ltd. as Manager Corporate Development, with a mandate to boost capital markets visibility, signals a broader strategic push to sharpen the company’s exploration focus and strengthen investor engagement.

Searchlight Resources Commissions Technical Reports for Key Gold Properties

Searchlight Resources Inc. has commissioned Axiom Exploration Group to prepare NI43-101 technical reports for its Bootleg Lake and Robinson Creek Gold properties in Saskatchewan and Manitoba. These reports, expected in early 2026, aim to provide comprehensive assessments and recommendations for future exploration, particularly highlighting the Robinson Creek Project’s potential with an Initial Exploration Target of 77,000 to 154,000 ounces of gold. The initiative could significantly impact Searchlight’s exploration and development strategies, potentially enhancing its market positioning and offering new opportunities for stakeholders.