Mr. Simon Chapelle reports

STEADRIGHT ACQUIRES TWO ADDITIONAL MINERAL CLAIMS AND INCREASES INVESTMENT IN NSM CAPITAL SARL

Steadright Critical Minerals Inc.'s board of directors has made some strategic corporate investments that expand the company's interest and increases its ownership position in NSM Capital Sarl.

Acquisition of two additional exploration licences within the southern region of the Kingdom of Morocco where the TitanBeach project is located

On Oct. 14, 2025, Steadright announced a memorandum of understanding (MOU) to acquire two additional mineral exploration licences located along the Atlantic coastal waters and in the region of the TitanBeach titanium project:

• The two new licences total approximately 32 square kilometres, complementing the 192 square kilometres already held within NSM Capital.
• The licences will be acquired free of any net smelter royalty (NSR).
• Steadright negotiated the acquisition through Mining and Research Company, a research and exploration mining corporation based in Laayoune, Morocco.
• Under the MOU, Steadright will pay up to $150,000 (U.S.) for the acquisition, with the licences to be transferred into NSM upon completion of the purchase agreement.

To satisfy the acquisition cost, the board has approved the issuance of 1.5 million common shares of Steadright at 12 Canadian cents per share, for total consideration of $180,000 (Canadian) (equivalent to $127,601.10 (U.S.)), which is below the $150,000 (U.S.) maximum contemplated in the MOU.

Upon closing, the two exploration licences will be transferred into NSM Capital, consistent with Steadright's majority ownership position.

Increased ownership in NSM Capital

Steadright previously entered into a shareholder agreement with Critical Foundation Metals Inc. (CFM), granting the company the right to acquire up to 5 per cent of NSM Capital for total consideration of $1-million (Canadian), as publicly disclosed on Sept. 25, 2025.

The board has approved the issuance of:

• 2.5 million common shares to Critical Foundation Metals Inc. at a deemed price of 12 Canadian cents per share as partial consideration under the shareholder agreement. The additional Steadright common shares are valued at $300,000 (Canadian). This issuance to CFM allows Steadright to acquire a further 1.5-per-cent interest in NSM.

Following these transactions, Steadright's total investment interest in NSM Capital will increase to 76.5 per cent.

Under the definitive agreement, Steadright also retains the right to purchase an additional 3.5-per-cent interest in NSM from CFM for $700,000 (Canadian), further strengthening the company's long-term strategic position in Morocco's critical minerals sector.

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, along with the Copper Valley project. Steadright has also has a binding MOU for the historic Goundafa mine within the Kingdom of Morocco.

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