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Production / Operations

Steadright Announces Application for Mining License and Environmental Permit at the 'Copper Valley' Historic Copper-Lead-Silver Project

By The Northwire Desk — AI Analysis Jan 20, 2026 · 08:15 SCM · 0.27 Steadright Critical Minerals Inc.
SCM · Price

Executive Summary

  • Steadright Critical Minerals announced that the former property owner, EMTF Sarl, has applied for a Mining License and Environmental Permit for the historic Copper‑Valley copper‑lead‑silver project now owned by Steadright.
  • The company holds a 75 % interest in NSM Capital Sarl (the Moroccan vehicle holding the licences) with Critical Foundation Metals Inc. owning the remaining 25 %.
  • A contract has been signed with MoResCo Sarl to purchase up to 14,400 metric tons of mineralized stockpiles from the historic Goundafa polymetallic mine; removal is slated to begin end‑April 2026.

Key Details

  • License Application: Exploration permit No. 3843143 filed for Copper Valley project; Steadright expects receipt of the Mining License within the next month, with NSM Capital Sarl managing the process.
  • Ownership Structure: 75 % of common shares in NSM Capital Sarl held by Steadright via shareholder agreement with Critical Foundation Metals Inc. (CFM) which holds 25 %.
  • Historical Goundafa Mine Model (as per Oct 28 2025 release):
  • Inferred resource: 6.62 million tons
  • Grades: 2.1 % Zn, 1.8 % Pb, 1.5‑2.1 % Cu, up to 3.5 g/t Au
  • Stockpile Purchase Agreement:
  • Counterparty: MoResCo Sarl
  • Quantity: Up to 14,400 metric tons of mineralized stockpiles
  • Commencement: End of April 2026 (weather‑related delays resolved)
  • CEO Comment: Matt Lewis emphasized the rapid progression of the Copper Valley licence application and the revenue potential from processing historic Goundafa mine stockpiles.

Notable Quotes

“Steadright is a country play whose ‘North Star’ is finding strong assets and moving them forward in a smart and rapid manner. We are very happy, both with the Copper Valley mining license application’s progress and the plans to get revenue from the historic Goundafa Mine’s mineralized stockpiles.” – Matt Lewis, CEO & Director

Materiality Assessment: Material – Positive (the announcement signals imminent permitting and a new revenue‑generating stockpile processing contract, both materially advancing Steadright’s development timeline).

Read the original news release →

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