Searchlight Minerals Ltd. (OTCMKTS:SRCH) is a Canada‐based mineral exploration company focused on the discovery and development of critical minerals, with an emphasis on rare earth elements (REEs). The company pursues both grassroots and advanced‐stage projects, targeting deposits that contain magnet‐grade and heavy rare earths used in high‐tech, clean‐energy and defense applications.
The company’s primary asset is the Crownpoint Rare Earth Project in New Mexico, where Searchlight is conducting systematic drilling, resource modeling and metallurgical test work. In addition to Crownpoint, the company holds exploration interests in Quebec, Canada, advancing early‐stage targets through geophysical surveys and sampling programs. These projects collectively aim to establish a North American supply of neodymium, praseodymium and other strategic REEs that are critical to electric vehicles, wind turbines and advanced electronics.
Founded in 2017 and headquartered in Oakville, Ontario, Searchlight Minerals is led by a management team and board of directors with extensive experience in geology, mining engineering and resource finance. The team leverages partnerships with local stakeholders and consultants to ensure that permitting, environmental baseline studies and community engagement remain integral to its exploration activities.
By focusing on jurisdictions with established mining codes and infrastructure, Searchlight Minerals seeks to de-risk project timelines and capitalize on growing global demand for domestically sourced critical minerals. The company’s strategy combines targeted exploration programs with technical studies to advance its portfolio toward resource definition and potential development.
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