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Phoenix, Arizona–(Newsfile Corp. – September 24, 2020) – The Stock Day Podcast welcomed Searchlight Resources Inc. (OTC Pink: CNYCF) (“the Company”), a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which ranked as the top location for mining investment in Canada by the Fraser Institute. Vice President of Corporate Development, Alf Stewart, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company’s background and current projects. “Searchlight is a mineral exploration company with a very experienced board. In fact, we have four board members and their experience in the mining business totals 150 years,” said Stewart, adding that the Company’s CEO, Stephen Wallace, is a geologist with experience in two gold discoveries. “Searchlight has a portfolio of projects ranging from past-producing gold properties to potential discovery targets, all with the focus on accessible areas of Saskatchewan.”
“What is Searchlight Resources all about?” asked Jolly. “Within Canada, Saskatchewan is rated number one by the mining industry,” said Stewart. “It’s a mining friendly jurisdiction and it’s a target rich environment, which is vastly underexplored,” he added. “So, our CEO, Stephen Wallace, decided to make a study of finding good mining properties in Saskatchewan,” explained Stewart. “We have seven properties in Saskatchewan in our portfolio right now.”
Jolly then asked about the location and benefits of Saskatchewan. “Saskatchewan is a Western Canadian province. It’s immediately north of the border between North Dakota and Montana,” said Stewart. “It’s an important province,” he added. He then shared that Saskatchewan is the number one producer of potash in the world and is the second largest producer of uranium. “It also produces gold, silver, copper, and salt.”
The conversation then turned to the increasing demand of mining for battery metals in Saskatchewan. “It’s an area that has the potential for battery metals, such as nickel, cobalt, copper, rare earth, and other elements as well,” explained Stewart. “Our best properties are probably nickel and copper,” said Stewart, before elaborating on the province’s potential for resources in the electric vehicle and green energy industries.
“What are Searchlight’s exposures to battery metals?” asked Jolly. “We have a number of exposures,” said Stewart. He then explained that the future of battery metals is changing, as cobalt is difficult to source and the potential for nickel as its replacement is becoming more viable. Stewart then elaborated on Elon Musk’s development of nickel batteries. “Although there is a lot of nickel in the world, the kind of nickel Elon Musk needs for his batteries is a highly refined nickel called class one nickel,” said Stewart. “That comes from hard rock sources, such as the Canadian Shield in Saskatchewan.”
To close the interview, Stewart shared that the Company is currently substantially undervalued, despite its potential in the exploration industry. “Our market valuation is only $5 million CAD total and that’s a very low entry price for speculator investors.”
To hear Alf Stewart’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7690314-searchlight-resources-inc-discusses-the-exploration-potential-of-saskatchewan-with-the-stock-day
About Searchlight Resources Inc.
Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: CYNCF) is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which ranked as the top location for mining investment in Canada by the Fraser Institute. Searchlight holds a significant land position within the mineral rich Flin Flon – Snow Lake Greenstone Belt. The Company is currently advancing its Bootleg Lake Project located in Saskatchewan less than 10 km from Flin Flon, Manitoba, hosting four past producing high-grade gold mines and its English Bay high grade gold project located 10 km from LaRonge, Saskatchewan.
On behalf of the Board of Directors,
Stephen Wallace, President, CEO and Director
SEARCHLIGHT RESOURCES INC.
For further information, visit the Company’s website at www.searchlightresources.com or contact:
Searchlight Resources Inc.
Alf Stewart, VP Corporate Development
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
About The “Stock Day” Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64554