Steadright Announces Private Placement

Executive Summary

• Steadright Critical Minerals Inc. announced a non‑brokered private placement to raise up to C$4,000,000 at C$0.22 per unit.
• Each unit consists of one common share and one warrant to purchase an additional share at C$0.30 for 24 months.
• Proceeds will be used for corporate purposes, acquisitions, working capital and to support ongoing exploration projects (TitanBeach Titanium Project and historic Goundafa Mine).

Key Details

• Offering Size: Up to C$4,000,000 gross proceeds.
• Unit Price: C$0.22 per unit.
• Units Offered: Maximum of 18,181,818 units.
• Warrant Terms: One common share purchase warrant per unit; exercise price C$0.30 per share; exercisable for 24 months from issuance.
• Tranches: The private placement may be completed in more than one tranche.
• Use of Proceeds: Corporate purposes, strategic acquisitions, and working‑capital needs.
• Strategic Partner: Craft Capital Management LLC invited to participate; focus on “Straight Debt” financing.
• Project Updates:
• Preliminary Economic Assessment (PEA) for part of the TitanBeach Titanium Project expected by year‑end 2025.
• Environmental and mining licences being pursued for production commencement.
• On‑site exploration at historic Goundafa polymetallic mine to begin within two weeks, targeting a conceptual model of 6.62 Mt with grades of 2.1% Zn, 1.8% Pb, 1.5–2.1% Cu, and up to 3.5 g/t Au.
• CEO Quote: “Steadright already has two exciting projects, and we are moving on both of them at breakneck speed… I could not be more enthused about these projects.” – Matt Lewis, CEO & Director.

Notable Quotes

“Our Geological and Engineering team, made up of industry experts from both Canada and Morocco, will be in the field in the next few weeks – and hard at it at the TitanBeach heavy mineral sands and at the historic Goundafa Mine.” – Matt Lewis, CEO & Director.