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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
M&A / Property

Steadright signs LOI to acquire SilverLine interest

By The Northwire Desk — AI Analysis Jan 27, 2026 · 18:25 SCM · 0.32 Steadright Critical Minerals Inc
SCM · Price

Executive Summary

  • Steadright Critical Minerals Inc. has signed a non-binding Letter of Intent (LOI) to acquire up to 60% of SilverLine Mining Sarl, a Moroccan entity holding an active mining license (No. 3843117) for polymetallic mineralization (lead, fluorite, barite) in the Errachidia region.
  • The transaction involves Steadright issuing 5.5 million common shares to the current license holder to secure the 60% interest, with SilverLine retaining a 25% carried cost interest and 75% ownership of the claim.
  • Steadright has also engaged Atrium Research Corp. to provide sponsored research and investor interviews for $13,500 per quarter, starting February 1, 2026.

Key Details

  • Transaction Structure: Non-binding LOI signed on January 26, 2026, with a three-month due diligence period before a definitive agreement.
  • Consideration: Steadright will issue 5.5 million common shares to the owner of mining license No. 3843117.
  • Ownership Split: Steadright acquires up to 60% of SilverLine Mining. SilverLine retains 75% of the mining claim.
  • Carried Interest: The mining license holder (SilverLine) retains a 25% carried cost interest.
  • Target Asset: SilverLine Mining Sarl holds license No. 3843117 in the Errachidia regional mining area, Eastern High Atlas Haute Moulouya plateau, Morocco.
  • Mineralization: The property is part of the Moulouya lead metallogenic province. Mineralization is structurally controlled by northeast/southwest-oriented faults and fractures, concentrating lead, fluorite, and barite. Historical data indicates silver often occurs as a byproduct in these Pb-Zn districts.
  • Qualified Person: Robert Palkovits, PGeo, VP of Exploration for Steadright, has reviewed the technical information. Verification work (site visits, sampling) is planned.
  • Research Engagement: Steadright engaged Atrium Research Corp. for sponsored research and three recorded management interviews.
  • Research Compensation: $13,500 per quarter for 12 months starting February 1, 2026, with automatic quarter-to-quarter extension unless terminated.
  • Arm's Length: Both the SilverLine LOI and the Atrium engagement are arm's-length transactions. Atrium holds no shares or options in Steadright.

Notable Quotes

  • "I am extremely pleased with the SilverLine Mining LOI. We think it can add a lot to our company, especially with an active mining licence. Our Canadian and Moroccan teams are working very hard at the needed due diligence." — Matt Lewis, CEO of Steadright Critical Minerals Inc.
Read the original news release →

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