Steadright Critical Minerals Inc. (CSE: SCM) (“Steadfast‘or the’Company” “) is pleased to announce that it has entered into an MOU to purchase two additional claims joining the TitanBeach Titanium Project along the shores of the coastal waters of the Atlantic Ocean. These two additional exploration licenses will add a further 32 square kilometers to the 12 existing claims of 192 square kilometers within NSM Capital Sarl (“NSM“) once the MOU purchase agreement has been finalized.
Steadright Critical Minerals Inc. has entered into an MOU agreement with an intermediary, a research and exploration mining company from Laayoune, Morocco. Under the MOU agreement, Steadright will pay the maximum amount $150,000 USD for two exploration licenses in a deal currently being finalized, adding them to NSM Capital Sarl, a Moroccan-led company. Steadright is a shareholder in NSM Capital, which is operated as a Moroccan company, with 75% of the ordinary shares. There will be no Net Smelter Royalty on the two new exploration licenses that will be acquired. NSM Capital Sarl controls 100% of the mineral licenses known as the TitanBeach Titanium Project.
Exploration work on the TitanBeach Titanium Project continues and NSM expects a larger exploration program to commence in November 2025, involving the Moroccan exploration team. NSM Capital Sarl continues to work with officials for their input as part of the process for a comprehensive plan that will require a mining and environmental permit application in November.
Steadright CEO, Mr. Matt Lewis, said: “Government and local support are key aspects of any mining operation. Moroccan officials have been extremely professional and helpful throughout the company’s rapid growth process, and we are very grateful. several Moroccan agencies and our Moroccan team on the ground are second to none when it comes to getting things done.”
Titanium dioxide (TiO2). Titanium dioxide does classified as a critical and strategic mineral in the US, Canada, Europe and a significant number of other countries in the world. With only a few suppliers in the world dominating the market, there is a strong demand for TiO2.
ABOUT STEADRIGHT CRITICAL MINERALS INC.
Steadright Critical Minerals Inc. is a mineral exploration company founded in 2019. Steadright has focused on finding exploration projects that can be brought into production within the critical mineral space in 2025. Steadright focuses on short-term production in Morocco. Steadright is also currently negotiating an option on the RAM site near Port Cartier, Quebec in the Côte-Nord region, which is accessible via Route 138. The RAM project is located on an anorthositic complex located in a highly promising geological unit and historically underdeveloped for Ni, Cu, Co and precious metals.
ON BEHALF OF THE BOARD OF DIRECTORS
For more information please contact:
Matt Lewis
CEO & Director
Steadright Critical Minerals Inc.
Email: info@steadright.ca
Website: www.steadright.ca
Phone: 1-905-410-0587
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of Steadright to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there can be no assurance that the ongoing programs will result in significant or successful exploration and development of Steadright’s properties; uncertainty about the actual results of exploration and development or operating activities; uncertainty about the availability and terms of future financing on acceptable terms; uncertainty regarding the timely availability of permits and other government approvals; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and securities of mining exploration companies; commodity prices; the actual results of ongoing exploration and development or operational activities; competition; changes in project parameters as plans are further refined; accidents and other risks inherent in mining; lack of insurance; delay or lack of board or regulatory approval; changes in legislation, including environmental or income tax legislation, affecting Steadright; conclusions of economic evaluations; and lack of qualified, skilled workers or loss of key personnel.
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