Steadright Commences Preliminary Economic Assessment Report on TitanBeach Project in Morocco and a Private Placement
(TheNewswire)
July 25th, 2025 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE::SCM) (“Steadright” or the“Company”) is pleased to announce a Preliminary Economic Assessment(PEA) report is presently underway for theTitanBeach Titanium Sands Project. The company holds a 75% interestthrough an LOI with its partner Critical Foundation Metals Inc., whichwill control 25% of the Project. The Company also wishes to announcethat a Private Placement has commenced.
Steadright has retained a Canadian, Quebec based firm,ABG Exploration Inc. to head up thePEA with Alexandr Beloborodov, P. Geo. Mineral samples from theProject’s exploration claims have been sent to AFRI LAB out ofMarrakesh, Morocco and further samples have been sent to IGS out ofDelson, Quebec. The company plans on studying the early-stageassessment of the mining project’s potential by evaluating theinitial viability of the project.
The Company is also pleased to have retained a MoroccanGeological company, AlMokhtabar Sarl with Omar Guillou P. Geo.providing the geological services for Steadright Critical Minerals forthe TitanBeach Titanium Sands Project. Omar Guillou, P. Geo. states,“The TitanBeach project is set within an exceptional geologicalcontext along the Moroccan Atlantic Coast, where coastal dynamics havesince the Pleistocene, concentrated shoreline placers rich in TitaniumOxides (Ti02) and Iron Oxides. It is characterized by well-sortedsands with a mineralogy derived from both magmatic and metamorphicrocks, offering strong potential for sustainable miningdevelopment.”
Titanium Dioxide (TiO2).Titanium Dioxide is classified as a Critical and StrategicMineral in the U.S., Canada, Europe, and asignificant amount of the world’s other countries. And with only afew of the world’s suppliers dominating the market, TiO2 is in strong demand.
Steadright CEO, MattLewis states, “We have been hard at it on thisfantastic opportunity since the signing of the LOI. The commencementof the PEA brings us one step closer to our goal. Sand miningoperations are well-known and quite successful money-making businessesthroughout the world and on other Stock Exchanges, such as theASX. Webelieve we are going to bring the Canadian public markets somethingthat is very special.”
“Our Moroccan friends and colleagues have beennothing but warm and inviting - and we look forward to progressing theTitanBeach project in short order.”
Private Placement
Steadright’s concurrent financing includes a harddollar Private PlacementUnit and a Flow-Through Unit.
Up to $800,000 worth of these units are being offered,representing up to 11,428,571 Units at a price of $0.07 per Unit.
The non-brokered private placement unit, with each aunit, consists of one common share and one common share purchasewarrant (a “Warrant”). Each Warrant entitles the holderto purchase one additional common share at anexercise price of $0.11 per share for a period of 24 months fromthe date of issuance.
The Offering may close in one or more tranches, on suchdates as Steadright may determine.
Proceeds will be used for general working capital andcorporate purposes.
Flow-Through Private Placement
Up to $170,000 worth of Flow-Through Units,representing up to 1,700,000 FT Units are being offered at a priceof $0.10 per FT Unit. The Offering may close in one or moretranches.
The non-brokered private placement of flow-throughunits consists of each FT Unit of one common share qualifying as a“flow-through share” (as defined in subsection 66(15) of theIncome Tax Act (Canada)) and 1/2 common share purchase warrant foreach flow through common share (a “FT Warrant”).
Each FT Warrant entitles the holder to purchase 1/2additional common share for each flow through common share at anexercise price of $0.15 per share for a period of 24 months fromthe date of issuance.
Gross proceeds will be used to incur eligible“Canadian exploration expenses” that qualify as “flow-throughcritical mineral mining expenditures” under the Income Tax Act(Canada).
The Units will be sold on a “private placement”basis in accordance with applicable Canadian securities laws and underapplicable exemptions from prospectus and registration requirements.All sales in Canada will be made to the available exemptions pursuantto National Instrument 45-106 –Prospectus Exemptions. All sales in jurisdictions outside of Canada will be madepursuant to applicable private placement exemptions per applicablesecurities laws in such jurisdictions.
Closings may occur in one or more tranches.
Finders’ fees for up to 8% and broker warrants up to8% are applicable on such dates as Steadright may determine.
Qualified Person
Mr. Robert Palkovits, P. Geo,a consultant to Steadright, who is a qualifiedperson (“QP”) under the National Instrument 43-101 – Standardsof Disclosure of Mineral Projects has reviewed and approved thescientific and technical information in this press release.
ABOUT STREADRIGHT CRITICAL MINERALSINC.
Steadright Critical Minerals Inc. is a mineralexploration company established in 2019.Steadright has been focused in 2025 on finding exploration projectsthat can be brought into production within the critical mineral space.Steadright currently holds an option on itsRAM property near Port Cartier, Quebecwithin the Côte-Nord Region, which is accessible byroute 138. The RAM project is comprised of over13,000 acres and located on an Anorthositic complex that is in a highly prospective geological unit and historically been underexplored for Ni, Cu, Co and preciousmetals.
ON BEHALF OF THE BOARD OFDIRECTORS
For further information, pleasecontact:
Matt Lewis
CEO & Director
Steadright Critical Minerals Inc.
Email: info@steadright.ca
Web: www.steadright.ca
Neither the Canadian SecuritiesExchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in thepolicies of the CSE) accepts responsibility for the adequacy or accuracy of thisrelease.
Forward-looking information issubject to known and unknown risks, uncertainties and other factorswhich may cause the actual results, level of activity, performance orachievements of Steadright to be materially different from thoseexpressed or implied by such forward-looking information. Suchrisks and other factors may include, but are not limited to: there isno certainty that the ongoing programs will result in significantor successful exploration and development of Steadright’sproperties; uncertainty as to the actual results of exploration anddevelopment or operational activities; uncertainty as to theavailability and terms of future financing on acceptable terms;uncertainty as to timely availability of permits and othergovernmental approvals; general business, economic, competitive,political and social uncertainties; capital market conditions andmarket prices for securities, junior market securities and miningexploration company securities; commodity prices; the actualresults of current exploration and development or operationalactivities; competition; changes in project parameters as planscontinue to be refined; accidents and other risks inherent in themining industry; lack of insurance; delay or failure to receive boardor regulatory approvals; changes in legislation, includingenvironmental legislation or income tax legislation, affectingSteadright; conclusions of economic evaluations; and lack ofqualified, skilled labour or loss of key individuals.
This news release does not constitute an offer to sellor a solicitation of an offer to buy any of the securities in theUnited States. The securities have not been and will not be registeredunder the United States Securities Act of 1933, as amended (the"U.S. SecuritiesAct") or any state securities laws andmay not be offered or sold within the United States or to, or forthe account or benefit of, U.S. Persons unless registered under theU.S. Securities Act and applicable state securities laws, unless anexemption from such registration is available.
Not for distribution to UnitedStates Newswire Services or for dissemination in the UnitedStates
Copyright (c) 2025 TheNewswire - All rights reserved.
