Mr. Matt Lewis reports
STEADRIGHT COMMENCES PRELIMINARY OFFTAKE DISCUSSIONS ON TITANIUM PROJECT IN MOROCCO
Several companies have expressed interest in
potential offtake agreements
regarding Steadright Critical Minerals Inc.'s TitanBeach titanium project.
With the TitanBeach project
preliminary economic assessment (the PEA)
report that is currently continuing, along with results and metallurgy expected in the coming weeks from the TitanBeach project TitanBeach 1 mineral concession, Steadright is already receiving considerable interest from several groups regarding
offtake agreements. One of such group's expressing interest in an offtake agreement is the Socomis Group. The Socomis Group is a Moroccan entity established in 1958 that specializes in mineral marketing.
Steadright is the purchasing party in a
binding LOI (letter of intent)
to earn up to 80 per cent of the TitanBeach project. Pursuant to the LOI, definitive agreements are required to be executed between Steadright and the vendors of the TitanBeach property by Sept. 30, 2025. A fulsome description of the LOI and its terms are outlined in Steadright's press release of June 18, 2025.
Steadright chief executive officer Matt Lewis states: "With the fast pace the TitanBeach project is progressing at, it's smart business to now make use of the interest shown to us by offtakers. With the company speaking directly with companies on potential offtake agreements, it will be easier to both secure financing and manage risk."
Steadright has retained Canadian, Quebec-based, firm,
ABG Exploration
Inc.
to complete the PEA to determine the early-stage assessment of the mining project initial viability. The PEA is anticipated to be finalized by mid-September, 2025.
Titanium dioxide (TiO2).
Titanium dioxide is
classified as a critical and strategic mineral
in the United States, Canada, Europe and a significant amount of the world's other countries. And with only a few of the world's suppliers dominating the market,
TiO2
is in strong demand.
Qualified person
Robert Palkovits, PGeo,
a consultant to Steadright, 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 in 2025 on finding exploration projects that can be brought into production within the critical mineral space.
Steadright currently is renegotiating an option on its Ram property near Port Cartier, Que.,
within the Cote-Nord region, which is accessible by Route 138. The Ram project comprised over 13,000 acres and
located on an
Anorthositic complex that is in a highly
prospective geological unit and historically been under explored for Ni (nickel), Cu (copper), Co (cobalt) and
precious metals.
We seek Safe Harbor.
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