Searchlight Minerals Corp. (OTCMKTS:SRCH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

Resignation of Director and Executive Officer

On May 16, 2017, Carl Ager resigned as a director of Searchlight Minerals Corp. (the “Company”), effective immediately. Mr. Ager also alleged that he was terminated as Vice President, Secretary and Treasurer without cause by the Company as a result of the Company’s failure to pay his salary, which he believes constitutes a material breach of his employment agreement. The Company disputes this allegation. Further, Mr. Ager has informed the Company that his resignation as a director was due to material disagreements with the management of the Company.

Item 9.01 Exhibits

99.1        Letter from Mr. Ager

About Searchlight Minerals Corp. (OTCMKTS:SRCH)

Searchlight Minerals Corp. is an exploration-stage company. The Company is engaged in a slag reprocessing project, the Clarkdale Slag Project. The Clarkdale Slag Project, located in Clarkdale, Arizona, is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona. There is approximately 20 million tons of slag available to be processed at the Clarkdale site. The Company’s processing flow diagram consists of grinding the slag material using high pressure grinding rolls (HPGR), then pretreatment by melting the slag at high temperature, followed by leaching the slag in an autoclave. The Clarkdale Slag Project is located in Clarkdale, Arizona, approximately 107 miles north of Phoenix, Arizona and over 50 miles southwest of Flagstaff, Arizona in Yavapai County. The slag pile occupies approximately 45 acres on the property.

Searchlight Minerals Corp. (OTCMKTS:SRCH) Recent Trading Information

Searchlight Minerals Corp. (OTCMKTS:SRCH) closed its last trading session 00.0000 at 0.0390 with shares trading hands.