Steadright Binds Deal for Historic Copper-Lead-Silver Project in Morocco

Executive Summary

• Steadright Critical Minerals Inc. entered into a Mineral Claim Purchase Agreement to acquire 75% of Exploration Permit No. 3843143 in Morocco, issuing 4,000,000 common shares to EMTF and 1,000,000 shares to Critical Foundation Metals Inc. (CFM).
• The acquisition gives Steadright a 75% controlling interest in NSN Capital Sarl, the Moroccan operating vehicle for the permit, without changing overall control of Steadright.
• The company outlined a phased exploration program (mapping, geochemistry, geophysics, and diamond drilling) to evaluate high‑grade copper–lead–silver veins with conceptual targets ranging from low‑tonnage, high‑grade scenarios to larger tonnage envelopes.

Key Details

• Transaction Structure: 4,000,000 Steadright common shares transferred to EMTF; 1,000,000 shares transferred to CFM. Shares are subject to a four‑month hold period. No cash consideration disclosed.
• Ownership Outcome: Steadright will own 75% of the Exploration Permit through NSN Capital Sarl (Moroccan‑controlled company) via an active shareholders’ agreement; CFM retains the remaining interest.
• Project Geology: Carbonate‑hosted polymetallic system with veins up to 4 m thick; historic assays show up to 46.34 % Pb and 48 g/t Ag. Surface mineralization includes azurite and malachite.
• Conceptual Exploration Target (Table 1):
• Low‑tonnage scenario: limited to 50 m down‑dip, 400 m strike length; high‑grade vein averages based on surface sampling.
• High‑tonnage scenario: extends strike and depth by an additional 500 m each direction, yielding a broader tonnage envelope. No mineral resource estimate provided.
• Planned Exploration Work Program:
• High‑resolution structural & geological mapping.
• Systematic surface geochemical channel sampling.
• Ground EM/resistivity and magnetic surveys to delineate conductive corridors.
• Integrated 3D targeting model for drill hole design.
• Phase I diamond drilling to test vein continuity at depth and along strike.
• Strategic Rationale: Favorable Moroccan regulatory environment, existing road infrastructure reducing logistics costs, and historical artisanal mining indicating high‑grade zones.
• Governance & Disclosure: Qualified Person – Robert Palkovits, VP Exploration – reviewed technical data. Forward‑looking statements and conceptual targets are qualified under NI 43‑101.

Notable Quotes

“I am very proud of this acquisition and the spirit of cooperation and friendship with which we secured it… We are all big believers in copper as a metal and really look forward to this property’s proper exploration.” – Matt Lewis, CEO & Director

The release contains customary cautionary language regarding forward‑looking statements and the non‑existence of mineral resources or reserves.