This project update summarizes the results of the most recent testing of Searchlight Minerals Clarkdale Project located in Clarkdale, AZ. Searchlight Minerals is focused on developing and implementing a cost-effective process to recover the gold and other valuable metals contained in the copper smelter slag left there from the operation of the Clarkdale copper smelter which operated from 1915 to 1954. The smelter [...]
Searchlight Minerals Corp. is pleased to provide an update on the progress that the Company has made over the last two years in connection with improving its process system to recover gold, iron and zinc oxide from the Clarkdale Slag Pile in Clarkdale. The Slag Project is a reclamation project to recover precious and base metals from the reprocessing of 22 million tons of slag left in place from the smelting of copper ore [...]
Searchlight Minerals Corp. announced today that it has closed a $4,619,491 issuance of its equity securities which includes the conversion of $3,119,491 of Secured Convertible Promissory Notes and interest owing on such notes owned by Luxor Capital Partners and its affiliates as well as Martin Oring, one of our directors and our Chief Executive Officer, and members of his family. In the Offering, Luxor also purchased [...]
Searchlight Minerals today announced that it has raised $3.27 million across three rounds of financings within the last five months for working capital purposes. The Company has also received results of certain bench scale tests conducted by Midrex Technologies, a wholly owned subsidiary of Kobe Steel, to examine the efficacy of its technology as a potentially more cost effective pretreatment method to extract iron from [...]
HENDERSON, NV--(Marketwired - Mar 30, 2015) - Searchlight Minerals Corp. (OTCQB: SRCH) (the "Company"), announced today that on March 25, 2015, it completed a $1,500,000 private placement of its securities (the "Offering") with Luxor Capital Partners, LP ("Luxor"), the Company's largest shareholder, at a price of $0.3529 per "Unit". The Company also announced today that on March 18, 2015, 516,460 shares of the Company's [...]
HENDERSON, NV--(Marketwired - Mar 10, 2015) - Searchlight Minerals Corp. (OTCQB: SRCH) ("Searchlight" or the "Company") today provided an update on its Clarkdale Slag Project as it continues its autoclave testing and optimization of gold recovery and moves towards commercial operation and project feasibility. Current Work Program The Company is currently working on all the following key steps in an effort to move [...]
HENDERSON, NV--(Marketwired - Dec 12, 2014) - Searchlight Minerals Corp. (OTCBB: SRCH) ("Searchlight" or the "Company") today announced the confirmation of recovered gold metal-in-hand at an average of 0.38 ounces per ton ("opt") from slag material from its Clarkdale Slag Project via multiple pilot-scale tests, resulting in an average recovery of 84%. The Company has completed initial process testing, developed a process [...]
HENDERSON, NV--(Marketwired - Dec 12, 2014) - Searchlight Minerals Corp. (OTCBB: SRCH) (the "Company"), announced today that it has closed the second tranche of its private placement offering (the "Offering") for gross proceeds of $599,500. On October 24, 2014 the Company closed a first tranche of the Offering for gross proceeds of $1,005,700. At the second closing of the Offering, the Company issued 2,997,500 units (the [...]
HENDERSON, NV--(Marketwired - Nov 11, 2014) - Searchlight Minerals Corp. (OTCBB: SRCH) ("Searchlight" or the "Company") today announced the extension of the term of certain of its outstanding warrants. On November 11, 2014, the Board of Directors of the Company approved an amendment to the expiration dates of certain outstanding warrants to purchase up to an aggregate of 14,520,373 shares of the Company's common stock [...]
HENDERSON, NV--(Marketwired - May 9, 2014) - Searchlight Minerals Corp. (OTCBB: SRCH) ("Searchlight" or the "Company") today announced significant technical achievements in gold and iron recovery at its Clarkdale Slag Project. These achievements include, but are not limited to: The determination of precise nature of the gold contained in the slag material. The addition of a high temperature pre-treatment step that aids [...]
HENDERSON, NV--(Marketwired - Oct 28, 2013) - Searchlight Minerals Corp. (OTCBB: SRCH) ("Searchlight" or the "Company") today announced the extension of the term of certain of its outstanding warrants. On October 25, 2013, the Board of Directors of the Company unilaterally determined to amend certain of the Company's outstanding common stock purchase warrants to purchase up to an aggregate of 14,200,935 shares of common [...]
Searchlight Minerals today announced that it has closed on a $4 million capital raise by the sale of five-year Senior Secured Convertible Notes ("the Notes") to a number of accredited investors. The Notes, which were issued on September 18, 2013, will pay interest to investors semi-annually at a rate of 7% per annum and are convertible at each holder's option into the Company's common stock at a price of $0.40 per share [...]
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