Steadright Commences Preliminary Economic Assessment Report on TitanBeach Project in Morocco and a Private Placement
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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 the TitanBeach Titanium Sands Project. The company holds a 75% interest through an LOI with its partner Critical Foundation Metals Inc., which will control 25% of the Project. The Company also wishes to announce that a Private Placement has commenced.
Steadright has retained a Canadian, Quebec based firm, ABG Exploration Inc. to head up the PEA with Alexandr Beloborodov, P. Geo. Mineral samples from the Project’s exploration claims have been sent to AFRI LAB out of Marrakesh, Morocco and further samples have been sent to IGS out of Delson, Quebec. The company plans on studying the early-stage assessment of the mining project’s potential by evaluating the initial viability of the project.
The Company is also pleased to have retained a Moroccan Geological company, Al Mokhtabar Sarl with Omar Guillou P. Geo. providing the geological services for Steadright Critical Minerals for the TitanBeach Titanium Sands Project. Omar Guillou, P. Geo. states, “The TitanBeach project is set within an exceptional geological context along the Moroccan Atlantic Coast, where coastal dynamics have since the Pleistocene, concentrated shoreline placers rich in Titanium Oxides (Ti02) and Iron Oxides. It is characterized by well-sorted sands with a mineralogy derived from both magmatic and metamorphic rocks, offering strong potential for sustainable mining development.”
Titanium Dioxide (TiO2). Titanium Dioxide is classified as a Critical and Strategic Mineral in the U.S., 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.
Steadright CEO, Matt Lewis states, “We have been hard at it on this fantastic opportunity since the signing of the LOI. The commencement of the PEA brings us one step closer to our goal. Sand mining operations are well-known and quite successful money-making businesses throughout the world and on other Stock Exchanges, such as the ASX. We believe we are going to bring the Canadian public markets something that is very special.”
“Our Moroccan friends and colleagues have been nothing but warm and inviting – and we look forward to progressing the TitanBeach project in short order.”
Private Placement
Steadright’s concurrent financing includes a hard dollar Private Placement Unit and a Flow-Through Unit.
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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 a unit, consists of one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional common share at an exercise price of $0.11 per share for a period of 24 months from the date of issuance. |
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The Offering may close in one or more tranches, on such dates as Steadright may determine. |
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Proceeds will be used for general working capital and corporate purposes.
Flow-Through Private Placement
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Up to $170,000 worth of Flow-Through Units, representing up to 1,700,000 FT Units are being offered at a price of $0.10 per FT Unit. The Offering may close in one or more tranches. The non-brokered private placement of flow-through units consists of each FT Unit of one common share qualifying as a “flow-through share” (as defined in subsection 66(15) of the Income Tax Act (Canada)) and 1/2 common share purchase warrant for each flow through common share (a “FT Warrant”). Each FT Warrant entitles the holder to purchase 1/2 additional common share for each flow through common share at an exercise price of $0.15 per share for a period of 24 months from the date of issuance.
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Gross proceeds will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” under the Income Tax Act (Canada). |
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The Units will be sold on a “private placement” basis in accordance with applicable Canadian securities laws and under applicable exemptions from prospectus and registration requirements. All sales in Canada will be made to the available exemptions pursuant to National Instrument 45-106 –Prospectus Exemptions. All sales in jurisdictions outside of Canada will be made pursuant to applicable private placement exemptions per applicable securities laws in such jurisdictions. |
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Closings may occur in one or more tranches. Finders’ fees for up to 8% and broker warrants up to 8% are applicable on such dates as Steadright may determine. |
Qualified Person
Mr. Robert Palkovits, P. Geo, 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 STREADRIGHT CRITICAL MINERALS INC.
Steadright Critical Minerals Inc. 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 holds an option on its RAM property near Port Cartier, Quebec within the Côte-Nord Region, which is accessible by route 138. The RAM project is comprised of 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, Cu, Co and precious metals.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact:
Matt Lewis
CEO & Director
Steadright Critical Minerals Inc.
Email: [email protected]
Web: www.steadright.ca
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 release.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the 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 is no certainty that the ongoing programs will result in significant or successful exploration and development of Steadright’s properties; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
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