Steadright MOU to add Two Further Exploration Licenses to Titanbeach Titanium Project in Morocco

Executive Summary

• Steadright Critical Minerals Inc. entered into a Memorandum of Understanding to acquire two additional exploration licenses contiguous to its TitanBeach Titanium Project in Morocco, adding ~32 sq km to the existing 192 sq km footprint.
• The acquisition will be funded with up to US$150,000 and will carry no Net Smelter Royalty on the new licences.
• The expanded land base supports a larger exploration program slated to begin in November 2025, including work toward a Mining and Environmental License.

Key Details

• Target Assets: Two contiguous exploration licences (≈32 sq km) adjacent to the TitanBeach Titanium Project.
• Seller/Partner: NSM Capital Sarl (Moroccan corporation; Steadright holds 75% of its common shares).
• Purchase Price: Up to US$150,000 payable under the MOU.
• Royalty Terms: No Net Smelter Royalty will apply to the newly acquired licences.
• Current Holdings: NSM Capital Sarl already controls 100% of the TitanBeach Titanium Project’s existing 192 sq km (12 claims).
• Exploration Timeline: Expanded exploration program expected to commence November 2025 with involvement from Steadright’s Moroccan team.
• Regulatory Plan: NSM Capital will pursue a Mining and Environmental License in November 2025, coordinating with Moroccan authorities.
• Strategic Rationale: TitanBeach Titanium Project targets titanium dioxide (TiO₂), classified as a critical and strategic mineral globally, with strong demand and limited supply sources.

Notable Quotes

“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.” – Matt Lewis, CEO & Director, Steadright Critical Minerals Inc.