04:05:04 EST Wed 21 Jan 2026
Enter Symbol
or Name
USA
CA



Steadright Critical Minerals Inc (3)
Symbol SCM
Shares Issued 53,813,244
Close 2026-01-20 C$ 0.32
Market Cap C$ 17,220,238
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Steadright's Copper Valley permit applied for by EMTF

2026-01-20 18:58 ET - News Release

Mr. Matt Lewis reports

STEADRIGHT ANNOUNCES APPLICATION FOR MINING LICENSE AND ENVIRONMENTAL PERMIT AT THE 'COPPER VALLEY' HISTORIC COPPER-LEAD-SILVER PROJECT

The former property owner EMTF Sarl has applied for a mining licence and environmental permit on the Copper Valley historic copper-lead-silver project that Steadright Critical Minerals Inc. has acquired. The licences applied for are for the exploration permit No. 3843143 that Steadright is putting into NSM Capital Sarl, a Moroccan-based company.

Steadright consulted its Moroccan geological team over the weekend, and it is expecting within the next month to receive the mining licence. NSM Capital management in Morocco has taken over this process and plans on closing it as soon as possible. Steadright has a 75-per-cent interest in the common shares of NSM through a shareholder agreement with Critical Foundation Metals Inc., which owns 25 per cent.

The historical Goundafa polymetallic copper-zinc-lead-silver-gold mine, with a conceptual model of 6.62 million tons with grades of 2.1 per cent Zn, 1.8 per cent Pb, 1.5 per cent to 2.1 per cent copper and up to 3.5 grams per tonne gold (Oct. 28, 2025, press release) is moving forward with its news released removal of the site's mineralized stockpiles. Steadright will be starting the removal of the mineralized stockpiles at the end of April, 2026.

The contract was signed with MoResCo Sarl for the purchase of up to 14,400 metric tonnes of mineralized stockpile. Recent weather at the mine site has hampered efforts, but a firm date for its commencement has been set.

Steadright chief executive officer Matt Lewis stated: "Steadright is a country play whose North Star is finding strong assets and moving them forward in a smart and rapid manner. We are very happy, both with the Copper Valley mining licence application's progress and the plans to get revenue from the historic Goundafa mine's mineralized stockpiles."

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, 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 for the historic Goundafa mine within the Kingdom of Morocco.

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