08:17:05 EST Fri 20 Feb 2026
Enter Symbol
or Name
USA
CA



Steadright Critical Minerals Inc (3)
Symbol SCM
Shares Issued 53,813,244
Close 2026-02-19 C$ 0.22
Market Cap C$ 11,838,914
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Steadright arranges $2.5-million private placement

2026-02-20 05:15 ET - News Release

Mr. Matt Lewis reports

STEADRIGHT CRITICAL MINERALS ANNOUNCES PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF UP TO $2,500,000

Steadright Critical Minerals Inc. has arranged non-brokered private placement offerings of units for gross proceeds of up to $2.5-million.

Under the offering, the company will issue up to 10 million units at a price of 25 cents per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of 31 cents per warrant for a period of 24 months following the closing date.

The proceeds from the offering will be used for general working capital and corporate purposes, and the private placement may close in tranches.

All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The offering remains subject to regulatory approvals, including approval from the Canadian Securities Exchange, as applicable.

The company may pay finders' fees to eligible parties in connection with the offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

Steadright chief executive officer Matt Lewis noted the following.

1. "The new website and February presentation deck can be found at www.steadright.ca. Please give them both a good look.

2. "I will be at the Prospectors and Developers Association Convention (PDAC) for its duration, and will be doing meetings close by with shareholders and other interested parties. If you'd like to meet, please get in contact, and I look forward to our chat."

About Steadright Critical Minerals Inc.

Steadright is a mineral exploration company established in 2019. Steadright has been focused since late spring 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 also has signed a binding memorandum of understanding for the historic Goundafa mine within the Kingdom of Morocco, has acquired the Copper Valley historic copper-lead-silver project and has a letter of intent with SilverLine Mining Sarl.

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