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Technical Study Routine −

Steadright Removes Titanbeach One Technical Report And Retains Qualified Geologist For New Technical Report

By The Northwire Desk — AI Analysis Jun 12, 2026 · 17:10 SCM · 0.205 Steadright Critical Minerals Inc.
SCM · Price

Executive Summary

  • Steadright Critical Minerals is removing its previously filed NI 43-101 Technical Report for the TitanBeach One Project following specific comments from the Ontario Securities Commission regarding the appropriateness of early-stage exploration disclosures.
  • The company will refile the technical report with a new Qualified Person, Mr. David M. Pollard, with an expected completion timeline of 4-6 weeks.
  • The company also granted 400,000 stock options to consultants at a $0.25 strike price, expiring in June 2031.

Key Details

  • OSC continuous disclosure review prompted the removal of the NI 43-101 Technical Report dated December 1, 2025, from the company’s disclosure record, website, and investor deck.
  • OSC comments specifically targeted Items 16 (Mining Methods), 17 (Recovery Methods), 18 (Project Infrastructure), and 19 (Market Studies) as inappropriate for the project's current early-stage exploration status.
  • The company will refile the report with new Qualified Person (QP) Mr. David M. Pollard, C. Geologist, a Validated Fellow of the Geological Society of London with specialized experience in African alluvial systems.
  • Expected turnaround for the refiled technical report is 4-6 weeks.
  • Granted 400,000 stock options to consultants at a $0.25 CAD strike price, exercisable for 5 years (expiring June 11, 2031), under the company’s amended stock option plan dated 2022.
  • The company noted that the original geologist declined to amend the already-paid report, necessitating the engagement of a new QP to ensure accurate and compliant disclosure.

Notable Quotes

  • CEO Matt Lewis: “We love the short turn-around time and are extremely committed to TitanBeach and its potential. And we feel very pleased about the new geo chosen, as Mr. Pollard comes considerably well recommended. He has experience in Africa, is a respected pro – and by all accounts will do the work quickly and efficiently – and with a keen mind…That will be quite refreshing, considering our former experience.”
Read the original news release →

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