Searchlight Minerals Corp. (SRCH)

Overview

Searchlight Minerals Corp. is an exploration stage company focusing on the reprocessing of slag for precious and base metal recovery, alongside the acquisition and exploration of mineral properties primarily within the United States. The company, originally founded in 1999 under the name Phage Genomics, Inc., transitioned to its current identity in June 2005 and has its base of operations located in Henderson, Nevada. Its primary project, the Clarkdale Slag Project, is centered in Clarkdale, Arizona, where it aims to reclaim valuable metals from slag, a by-product of historical copper ore smelting from the United Verde Copper Mine in Jerome, Arizona.

Products and Services

• Slag Reprocessing Project

The cornerstone of Searchlight Minerals Corp.'s operations is its innovative slag reprocessing project. This initiative focuses on the recovery of precious and base metals from slag produced from copper smelting. The project showcases the company's commitment to environmentally conscious mining practices by repurposing waste material for valuable resources.

• Acquisition and Exploration of Mineral Properties

In addition to its slag reprocessing endeavor, Searchlight Minerals Corp. actively engages in the acquisition and exploration of mineral properties across the United States. These activities underline the company’s growth strategy, geared towards discovering and developing valuable mineral deposits thereby ensuring a diversified portfolio and solid foundation for future expansion.