Announcement • Jan 21
Searchlight Resources Inc. Completes Airborne Radometric Survey of the Bear Lake Rare Earth Element Project Searchlight Resources Inc. announced the initial results of the airborne radiometric and magnetic surveys on the Company's Bear Lake Rare Earth Element project, located approximately 30 km north of Uranium City, Saskatchewan (Map1). Special Projects Inc. of Calgary, Alberta, completed airborne radiometric and magnetic surveys covering 1,110 km of flight lines at 50 m spacing. Radadiometric results confirm historically known rare earth anomalies, and have also identified large, previously unexplored anomalies that warrant follow-up exploration. New anomaly #1 (Map 2) is a large thorium zone measuring 600 m x 500 m, a previously unknown and unsampled target, shown at a larger scale on Map 3. New anomaly #2 is a linear thorium zone greater than 1.5 km in length, along the shore of Ena Lake. Searchlight uses thorium as pathfinder for monazite, a principal rare earth mineral. The Bear Lake project comprises five claims covering 4,036 hectares (40.36 sq km) and includes 6 historical REE occurrences. The claims are located within 30 km of the Hoidas Lake Rare Earth deposit, and 25 km of the Appia Energy Alces Lake Rare Earth project, the two most advanced rare earth projects in Saskatchewan. Previous work by the Saskatchewan Geological Survey located outcrops with samples that assayed up to 19.94 %TREO and 3.53 % CREO. The claims also include significant lake sediment samples, including one sample of 2,372 ppm TREE. This is the sixth highest TREE value amongst 35,842 lake sediment analyses for which REE data are available for all of Canada. New Risk • Nov 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (45% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.17m market cap, or US$3.67m). Announcement • Nov 10
Searchlight Resources Inc., Annual General Meeting, Jan 15, 2026 Searchlight Resources Inc., Annual General Meeting, Jan 15, 2026. 
