Steadright sees UN back Morocco claim sovereignty

Executive Summary

• Steadright Critical Minerals Inc. highlights the adoption of a UN Security Council resolution supporting Moroccan sovereignty over Western Sahara, framing it as a significant geopolitical development for the region.
• The company’s CEO, Matt Lewis, issued a statement congratulating Morocco and expressing hope that the resolution will benefit the local economy and facilitate Steadright’s exploration projects in the southern provinces.
• The release provides an update on the company’s operational footprint, specifically mentioning the TitanBeach titanium project and a recent Memorandum of Understanding (MOU) for the historic Goundafa mine.

Key Details

• UN Security Council Resolution: Adopted with a clear majority and no vetoes, stating that genuine autonomy for Western Sahara under Moroccan sovereignty could be the most feasible solution to the 50-year conflict with the Algeria-backed Polisario Front.
• King Mohammed VI’s Statement: Described the adoption as the start of a new phase ("before Oct. 30, 2025" vs. "after Oct. 31"), emphasizing the consolidation of the "Moroccanness of the Sahara" within the framework of the Autonomy Initiative.
• International Recognition: The resolution follows increased recognition of Morocco's economic sovereignty from major powers including the United States, European Union, United Kingdom, France, Russia, and Spain.
• US Consulate Plans: Massad Boulos, senior adviser to U.S. President Donald Trump, reaffirmed that the U.S. will open a consulate in Morocco's southern provinces in Western Sahara, citing President Trump’s affirmation of Morocco's sovereignty.
• CEO Commentary: CEO Matt Lewis stated the company appreciates the welcome received in Morocco and hopes their projects will contribute to the economy of Southern Morocco.
• Company Assets:
  • TitanBeach Titanium Project: Located in the southern provinces of Morocco, held through a Moroccan entity (NSM Capital Sarl), covering over 192 square kilometres of mineral exploration claims.
  • Goundafa Mine: Steadright recently signed an MOU for this historic mine located within the Kingdom of Morocco.
• Company Focus: Established in 2019, Steadright has been focused in 2025 on finding exploration projects in Morocco that can be brought into production within the critical mineral space.

Notable Quotes

• King Mohammed VI: "There is a before Oct. 30, 2025, era, and an after Oct. 31."
• Massad Boulos: "This is the Moroccan Sahara. As we know, President Trump has affirmed Morocco's sovereignty over the Sahara and emphasized the need for a lasting solution to this issue."
• Matt Lewis, CEO: "We as a company greatly appreciate the warm welcome we have received in Morocco and especially in the southern part of the country. The good news of this resolution is well deserved, and should be of great benefit to its fine people. We hope that we can make a small contribution with our projects to the economy of Southern Morocco."