Searchlight Resources Inc (TSE:SCLT) has released an update.
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Searchlight Resources Inc. has divested its Hanson Lake claim in Saskatchewan to Willgrass Resources for $50,000 and a 1% net smelter return royalty, which can be bought out for $1 million. The company maintains ownership of the adjacent Jan Lake Pegmatite claims, which show promise with identified but not yet fully explored pegmatite units rich in rare elements. This strategic move allows Searchlight to focus on its wholly-owned Jan Lake claims that offer immediate exploration infrastructure and access.
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