Total compensation up to $1,480,000 $180,000 cash and $1,000,000 in Monazite Metals shares $300,000 payment subject to achievement of certain milestones 1% Net Smelter Royalty
Searchlight Resources Inc. is pleased to announce that it has entered into an agreement, dated December 16, 2025 , with Monazite Metals Corp. to sell the Company's Kulyk Lake and Daly Lake projects in Northern Saskatchewan. These critical metals projects are wholly owned by Searchlight and comprise contiguous claim blocks geologically located in the Wollaston Domain, 55 kilometers south of the Key Lake Uranium Mine and Mill in Northern Saskatchewan. The MMC Agreement is an arms-length agreement with Monazite Metals Corp., a private British Columbia corporation. Searchlight is selling the property for th...