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Production / Operations

Steadright's NSM Capital applies for TitanBeach licence

By The Northwire Desk — AI Analysis Jan 22, 2026 · 18:10 SCM · 0.33 Steadright Critical Minerals Inc
SCM · Price

Executive Summary

  • Steadright Critical Minerals Inc. (via its 75% owned subsidiary NSM Capital Sarl) has formally applied for Mining Licence No. 4039307 for the TitanBeach One project in southern Morocco.
  • The application submission marks a significant milestone, based on comprehensive technical, legal, environmental, and organizational preparation.
  • NSM Capital is currently engaged in discussions with Moroccan authorities regarding the allocation of land for processing infrastructure.

Key Details

  • License Application: NSM Capital Sarl submitted the application for the TitanBeach One mining licence (Licence No. 4039307) to the competent Moroccan authorities.
  • Project Location: The TitanBeach project is located in the southern provinces of Morocco.
  • Ownership Structure: Steadright Critical Minerals Inc. holds a 75% shareholding in NSM Capital Sarl.
  • Preparation Status: The application is supported by completed technical, legal, environmental, and organizational work.
  • Regulatory Engagement: Authorities have been described as cooperative and supportive; several meetings are scheduled to discuss land allocation for processing facilities.
  • Asset Portfolio: Steadright holds over 192 square kilometres of mineral exploration claims for the TitanBeach titanium project.
  • Additional Assets: Steadright has recently signed a binding memorandum of understanding for the historic Goundafa mine in Morocco.

Notable Quotes

  • "Our team is very pleased to see NSM Capital Sarl applying for a licence. This is the culmination of a lot of time, effort and thought on the part of their team. Kudos to this independent group and the very helpful Moroccan professionals who are working towards a successful operation south of Tan-Tan." — Matt Lewis, CEO, Steadright Critical Minerals Inc.
Read the original news release →

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