Steadright Signs Agreement for Initial Sale of Material from Polymetallic Mineralized Stockpile at the Goundafa Historic Mine

Executive Summary

• Steadright Critical Minerals signed a binding MOU to sell up to 14,400 metric tons of historic polymetallic stockpiled material from the Goundafa Mine to MoResCo Sarl.
• The contract requires minimum grades of ≥ 3.0 % Zn and ≥ 1 % Pb, with grade verification performed by the buyer on‑site for each 1,000‑ton batch.
• Steadright opened a flow‑through private placement for up to US$250,000 at C$0.0027 per share (plus half‑warrants at C$0.0029) to fund its 2026 Quebec claim exploration program.

Key Details

• Contract Parties: Steadright Critical Minerals Inc.; MoResCo Sarl; partner Ste Commerciale et Minière du Sahara (CMS).
• Scope of Sale: Up to 14,400 metric tons of historic mineralized stockpile from the fully permitted Goundafa Historic Mine (Concession No. 55, Morocco).
• Minimum Grade Requirements:
• Zinc ≥ 3.0 % Zn
• Lead ≥ 1 % Pb
• Copper, Silver and Gold grades to be verified separately by seller/buyer as per SGS analyses.
• Delivery Terms:
• Shipments in ±5 % of 1,000‑ton batches.
• Weight measured on buyer’s weighbridge; crushing performed at buyer’s site in the presence of seller or representative.
• Grade sampling after crushing; verification by buyer’s team with seller oversight.
• Historical Context: Goundafa produced ~320 k t (1926‑1956) with historic grades up to 22.13 % Zn, 11.31 % Pb, and silver up to 400 g/t. A 2022 non‑NI 43‑101 report estimated ≈ 6.62 Mt of mineralized material (average 2–5 % Zn, 1–3 % Pb, 0.5–1 % Cu).
• Exploration Target (Conceptual):

• Financing Details:
• Placement Size: Up to US$250,000.
• Price per Share: C$0.0027 for 925,926 common shares.
• Warrant Component: Half‑warrant at C$0.0029 exercisable within two years; four‑month hold period applies.
• Use of Proceeds: Fund Quebec mineral claim assets and the 2026 exploration program.

Notable Quotes

• Matt Lewis, CEO & Director: “Steadright’s North Star is the acquisition of strong Moroccan assets that can be moved forward in good order. With this initial contract for the sale of polymetallic material stockpiled at the historic Goundafa Mine, we feel we are fulfilling our mandate.”

All technical information reviewed and approved by Robert Palkovits, P.Geo., VP Exploration (Qualified Person).