Steadright conducts field assessments at Copper Valley

Executive Summary

• Steadright Critical Minerals Inc. conducted field assessments at its Copper Valley copper-lead-silver project in Morocco from Feb. 2–6, 2026, preparing for upcoming extraction activities.
• The geological team evaluated road networks for haulage suitability and examined test pits to verify material characteristics and confirm extraction logistics for initial testing.
• Steadright expects to receive the mining licence for exploration permit No. 3843143 within the coming weeks, following the transfer of the licence application from former owner EMTF Sarl to NSM Capital.

Key Details

• Field Activities: NSM Capital Sarl geological team and a Canadian earthworks contractor were on-site to conduct field assessments.
• Infrastructure Assessment: The team evaluated the existing road network to determine haulage suitability and identify required upgrades for the planned movement of mineralized stockpiles.
• Logistics Verification: Several test pits were examined to verify material characteristics and confirm extraction logistics for the initial phase of testing operations.
• Licensing Status: The former property owner, EMTF Sarl, had applied for a mining licence and environmental permit covering exploration permit No. 3843143. This is being transferred into NSM Capital (a Morocco-based company).
• Timeline: NSM Capital management expects receipt of the mining licence within the coming weeks and has assumed responsibility for completing the process expeditiously.
• Ownership Structure: Steadright holds a 75% interest in the common shares of NSM Capital through a shareholder agreement with Critical Foundation Metals Inc. (CFM), which holds the remaining 25%.
• Related Projects: Steadright has exposure through NSM Capital with over 192 square kilometres of mineral exploration claims (TitanBeach titanium project) and has signed a binding MOU for the historic Goundafa mine in Morocco.

Notable Quotes

• Matt Lewis, CEO: "Our Moroccan team is indefatigable in their efforts. We are moving forward on our four properties in very, very good time and they should be quite proud."