01:53:21 EST Sun 08 Feb 2026
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Steadright Critical Minerals Inc (3)
Symbol SCM
Shares Issued 44,494,844
Close 2025-11-03 C$ 0.23
Market Cap C$ 10,233,814
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Steadright sees UN back Morocco claim sovereignty

2025-11-03 18:30 ET - News Release

Mr. Matt Lewis reports

UN SECURITY COUNCIL ADOPTS RESOLUTION: BIG WIN FOR THE RECOGNITION OF MOROCCO'S SOVEREIGNTY OVER ITS SOUTHERN PROVINCES IN WESTERN SAHARA

Steadright Critical Minerals Inc. has provided a significant resolution at the UN Security Council.

The United Nations Security Council adopted a resolution on Friday stating that genuine autonomy for Western Sahara under Moroccan sovereignty could be the most feasible solution to a 50-year conflict with the Algeria-backed Polisario Front. The vote passed with a clear majority and without any vetoes from permanent members.

His Majesty King Mohammed VI, addressing the nation, described the adoption as the start of an important new phase: "There is a before Oct. 30, 2025, era, and an after Oct. 31." Furthermore, the King said Morocco is "starting a new chapter in the process of consolidating the Moroccanness of the Sahara" ... "within the framework of a consensual solution based on the Autonomy Initiative" and "be without winners, nor losers."

His Majesty the King celebrated the increased recognition of Morocco's economic sovereignty over its southern provinces in Western Sahara from major economic powers such as the United States, European Union, United Kingdom, France, Russia and Spain.

The resolution follows the mid-October reaffirmation by Massad Boulos, senior adviser to U.S. President Donald Trump, that his country will open a consulate in Morocco's southern provinces in Western Sahara. In response to questions, he stated: "This is the Moroccan Sahara. As we know, President Trump has affirmed Morocco's sovereignty over the Sahara and emphasized the need for a lasting solution to this issue."

Steadright Critical Minerals chief executive officer Matt Lewis congratulates the kingdom and citizens of Morocco on this very sound UN Security Council Resolution: "We as a company greatly appreciate the warm welcome we have received in Morocco and especially in the southern part of the country. The good news of this resolution is well deserved, and should be of great benefit to its fine people. We hope that we can make a small contribution with our projects to the economy of Southern Morocco."

About Steadright Critical Minerals Inc.

Steadright Critical Minerals is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration projects in Morocco that can be brought into production within the critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, that has over 192 square kilometres of mineral exploration claims within the southern provinces of Morocco called the TitanBeach titanium project. Steadright has also recently signed an MOU (memorandum of understanding) for the historic Goundafa mine, found within the Kingdom of Morocco.

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