Mr. Matt Lewis reports

STEADRIGHT FILES Q1 INTERIM FS AND MD&A / MOROCCAN SITE AND CANCELLATION OF CRUSHING & GRINDING EQUIPMENT SHARE PURCHASE AGREEMENT WITH POSSIBLE RENEGOTIATION

Steadright Critical Minerals Inc. has filed its first quarter interim financial statements and management's discussion and analysis for the three months ended June 30, 2026.

Steadright has changed its year-end to Aug. 31, 2026, and has implemented reporting procedures and operational efficiencies with Steadright's affiliated interests in the Kingdom of Morocco, as a result in large part of the team of dedicated staff and contractors in Canada and Morocco.

Steadright also is cancelling the previously announced, on June 29, 2026 (signed on June 27, 2026), share purchase agreement with Maghreb Atlas Trading Sarl and Mining Research Company to acquire a 50-per-cent interest in a Moroccan company holding crushing, grinding and quarrying assets.

The postclosing ownership structure considered was:

• SCM -- 50 per cent;
• Maghreb Atlas Trading -- 25 per cent;
• Mining Research Company -- 25 per cent.

The total consideration for the purchased quotas consisted of:

• Five million common shares of Steadright at an ACB of 20 cents issued to Maghreb Atlas Trading;
• Five million common shares of Steadright at an ACB of 20 cents issued to Mining Research Company;
• 700,000 euros payable to a lawyer trust account as a pass-through settlement.

Steadright had also agreed to contribute up to $480,000 toward repairs.

The company plans to enter new negotiations for the transaction.

About Steadright Critical Minerals Inc.

Steadright is a mineral exploration company established in 2019, focused on advancing exploration and historical mining projects toward production within Morocco's critical mineral sector. Steadright holds its interest through NSM Capital Sarl, which has a 32-per-cent carried interest in the 192-square-kilometre titanbeach titanium project through Shang Tang in Morocco and the Copper Valley project. Steadright also holds a binding memorandum of understanding for the historic Goundafa mine in Morocco, which holds a permitted mining licence.

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