Mr. Matt Lewis reports
STEADRIGHT ANNOUNCES PRIVATE PLACEMENT
Steadright Critical Minerals Inc. has arranged a non-brokered private placement for total gross proceeds of up to $4-million at a price of 22 cents per unit.
Proceeds of the private placement will be for corporate purposes, acquisitions and working capital. Craft Capital Management LLC has been invited to participate in the raising of funds. Steadright is looking forward to working with Craft Capital Management in the near future to pinpoint strategic capital financing, with an emphasis on straight debt.
The issuance of up to
18,181,818 units in the capital of the company will consist of one common share purchase warrant, which will entitle the holder thereof to purchase one common share at a price of 30 cents per share until the date that is 24 months from the from the date of issuance.
The private placement may have more than one tranche.
Steadright is presently working on a preliminary economic assessment (PEA) for a part of the TitanBeach titanium project licences, one that should be completed by the end of this year. The company is also seeking an environmental and a mining licence in the near future, in order for production to commence. The initial assays from the TitanBeach One titanium project resulted in the following, "Heavy Mineral
beach sand samples reveal the existence of potential ilmenite, titanomagnetite, magnetite, leucoxene and rutile bearing sands with
Fe203
values of up to
79.5 per cent
and
Ti02
as high as
14.9 per cent"
(news release dated Sept. 16, 2025).
The historical Goundafa polymetallic
copper-zinc-lead-silver-gold
mine will see the commencement of Steadright's on-site exploration of the conceptual model of
6.62 million tons
with grades of
2.1 per cent zinc (Zn), 1.8 per cent lead (Pb), 1.5 per cent to 2.1 per cent copper (Cu) and up to 3.5 grams per tonne (g/t) gold
(Au) in selected zones within the next two weeks
(news release dated Oct. 28, 2025).
Steadright chief executive officer Matt Lewis states: "Steadright already has two exciting projects and we are moving on both of them at breakneck speed. Our geological and engineering team, made up of industry experts from both Canada and Morocco, will be in the field in the next few weeks -- and hard at it at the TitanBeach heavy mineral sands and at the historic Goundafa mine. I could not be more enthused about these projects."
About Steadright Critical Minerals Inc.
Steadright is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 square kilometres of mineral exploration claims called the TitanBeach titanium project, and found in the southern provinces of Morocco. Steadright has also recently signed a memorandum of understanding (MOU) for the historic Goundafa mine within the kingdom of Morocco.
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