Mr.
Matt Lewis reports
STEADRIGHT PRIVATE PLACEMENT UPSIZED TO $900K AND APPOINTS DIRECTOR
Steadright Critical Minerals Inc.'s non-brokered private placement for gross proceeds of up to $800,000 at a price of 10 cents per unit has been upsized by $100,000 to $900,000.
The issuance of up to nine million units in the capital of the company will consist of one common share and one common share purchase warrant, which will entitle the holder thereof to purchase one common share at a price of 16 cents per share for a period of 24 months following the closing date.
The proceeds from the offering will be used for general working capital, corporate purposes and potential strategic initiatives.
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 CSE.
Insiders will be participating in the private placement.
New director appointed
The board of directors is also pleased to announce that Tyler Burpee has been appointed as director, effective Oct. 15, 2026. Mr. Burpee has over 15 years of experience in capital markets advisory, corporate development and deal origination for junior mining and critical minerals companies. He is chief executive officer and director of Catalyst Mines Inc., a critical minerals developer advancing cobalt, nickel and chromium assets in Morocco's Anti-Atlas Mountains, and a director of Gold Strategy Inc.
Since 2013, Mr. Burpee has been a partner at Fallon Capital, working with private equity funds and issuers on transactions across gold, base metals and critical minerals in Canada, Africa and South America. He previously served as vice-president of Prince Arthur Capital, a Canadian merchant bank, and began his career in business development at Norvista Resources, a specialty mining merchant bank.
About Steadright Critical Minerals Inc.
Steadright Critical Minerals is a mineral exploration company established in 2019. Steadright has focused on finding exploration and historical mining projects 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.
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