Mr. Matt Lewis
reports
STEADRIGHT CANCELS PURCHASE OF 80% INTEREST IN MOROCCAN ANTIMONY COMPANY
Steadright Critical Minerals Inc.
has
terminated, effective immediately, the previously announced agreement dated June 9, 2026, to acquire
80 per cent of the outstanding shares
of
Exterra Mining & Exploration Sarl, a private Moroccan company.
The termination results from
incomplete and insufficient financial records
provided by Exterra, which failed to meet the disclosure standards and conditions required under the terms of the agreement. As a publicly listed issuer, Steadright must ensure that all acquisitions comply with Canadian Securities Exchange policies, including the provision of complete, accurate and auditable financial statements from target companies.
Given Exterra's inability to deliver the required financial documentation within the agreed-upon timelines, Steadright has exercised its contractual right to cancel the transaction to protect the company and its shareholders.
Steadright continues to evaluate other strategic opportunities within the critical mineral sector in Canada and internationally.
About Steadright Critical Minerals Inc.
Steadright 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 memorandum of understanding
for the historic Goundafa mine within the Kingdom of Morocco and a letter of intent with SilverLine Mining Sarl, a Moroccan company.
We seek Safe Harbor.
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