20:28:24 EDT Tue 09 Jun 2026
Enter Symbol
or Name
USA
CA



Steadright Critical Minerals Inc (3)
Symbol SCM
Shares Issued 66,485,060
Close 2026-06-09 C$ 0.245
Market Cap C$ 16,288,840
Recent Sedar+ Documents

Steadright agrees to acquire 80% of Moroccan Sb company

2026-06-09 18:27 ET - News Release

Mr. Matt Lewis reports

STEADRIGHT TO PURCHASE 80% OF MOROCCAN ANTIMONY COMPANY

Steadright Critical Minerals Inc. has approved and authorized the purchase of 80 per cent of the outstanding shares of Exterra Mining & Exploration Sarl.

The total consideration for the 80-per-cent share purchase with Exterra Mining & Exploration Sarl is as follows:

  • 12 million common shares of Steadright Critical Minerals at a deemed price of 25 cents a share;
  • Up to $280,000;
  • Steadright covers the first $5-million (U.S.) for exploration and production costs.

The parties acknowledge that the share issuance is subject to Canadian Securities Exchange rules and is subject to a four-month hold period and the approval from the Canadian Securities Exchange. A shareholders' agreement will be drafted and filed on SEDAR+ denoting the governing of Exterra Mining & Exploration once the terms and conditions are met along with regulatory approval.

Exterra Mining & Exploration has antimony projects which consist of three exploration licences for which soon a production permit can be applied for. All licences are under Moroccan mining law 33-3 with an extendable licence duration of 10 years for production and up to seven years for exploration licences. On the same geological structure are antimony mines which are operated on a small scale. All licences have the standard 16-square-kilometre size.

Steadright chief executive officer Matt Lewis says: "I am very excited about these antimony acquisitions. They absolutely dovetail into the business model Steadright is rapidly creating -- which is to find strong properties, add value and quickly get them into production mode.

"There are mining operations contiguous to what we are acquiring. We really like what we see, and we are in contact with interested parties who are taking a good look at the Exterra acquisitions. These entities see the worldwide interest in antimony and are looking for the right projects to work or invest in, in order to quickly lock in product supply.

"(There are no guarantee of outcomes).

"Our Moroccan team have again done themselves proud. Many kudos to them."

Qualified person

David M. Pollard, CGeol , who is a qualified person (QP) under the National Instrument 43-101 -- Standards of Disclosure of Mineral Projects, has reviewed and approved the scientific and technical information in this press release.

About Steadright Critical Minerals Inc.

Steadright Critical Minerals. is a mineral exploration company established in 2019.

Steadright has been focused 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, along with the Copper Valley project. Steadright also has a binding MOU (memorandum of understanding) for the historic Goundafa mine within the Kingdom of Morocco and an LOI with SilverLine Mining Sarl, a Moroccan company.

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