Incorporated in 1999, Searchlight Minerals Corporation is a publicly traded company engaged in the acquisition and development of mineral projects throughout the Southwest. It has operational control over the Searchlight Gold Project for the exploration of precious metals covering an area of more than 3,200 acres located in Searchlight in Nevada. Additionally, the company has acquired operating licenses for the discovery of base metals and copper ores in the Clarkdale Slag Project located in Clarkdale in Arizona. It owns and operates the United Verde Copper Mine located in Jerome in Arizona. The company has a joint venture agreement with Nanominerals Corporation for the development of the Clarkdale Slag Project. It specializes in the grinding, leaching, filtering and extraction of precious and base metals from the slag material. Searchlight Minerals Corporation operates a wholly owned subsidiary, Clarkdale Minerals.