Steadright Critical Minerals Announces Flow-Through Private Placement Financing

Executive Summary

• Steadright Critical Minerals Inc. announced a non‑brokered private placement of 925,000 flow‑through units for gross proceeds of $249,750.
• Each unit is priced at $0.27 and includes one common share plus half of a warrant; full warrants allow purchase of an additional share at $0.335 for 24 months.
• Net proceeds will be used to fund eligible Canadian exploration expenses on the RAM project in Quebec.

Key Details

• Offering Size: 925,000 FT Units → gross proceeds $249,750 (price $0.27 per unit).
• Unit Composition: 1 common share (flow‑through) + ½ of a common‑share purchase warrant.
• Warrant Terms: Full warrant exercisable at $0.335 per share; valid for 24 months from closing.
• Finder’s Commission: 7 % of eligible subscriptions = $17,482.50 cash paid to certain finders.
• Broker Warrants: 64,750 warrants issued to finders (7 % of eligible subscriptions); each warrant allows purchase of one common share at $0.27 for 24 months.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow‑through critical mineral mining expenditures under the Income Tax Act (Canada).
• Statutory Hold Period: All securities subject to a four‑month and one‑day hold period from issuance.
• Regulatory Conditions: Offering remains subject to approval by the Canadian Securities Exchange and other applicable regulators.
• Replacement of Prior Terms: The current terms supersede those announced on December 16, 2025 for the Private Placement Flow Through Financing.

Notable Quotes

(No direct quotes were provided in the release.)