Northwire Canada EditionSunday, July 26, 2026
Sign inSubscribe
Northwire
⌕
B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Production / Operations

Steadright's Copper Valley permit applied for by EMTF

By The Northwire Desk — AI Analysis Jan 20, 2026 · 18:58 SCM · 0.32 Steadright Critical Minerals Inc
SCM · Price

Executive Summary

  • Steadright Critical Minerals announced it has applied for a mining licence (Exploration Permit No. 3843143) and an environmental permit for the historic Copper Valley copper‑lead‑silver project in Morocco.
  • The company plans to begin removal of mineralised stockpiles from the Goundafa polymetallic mine at the end of April 2026 under a contract with MoResCo Sarl for up to 14,400 t of material.
  • Steadright holds a 75 % interest in NSM Capital Sarl (the Moroccan vehicle holding the licences) and expects the mining licence to be issued within the next month.

Key Details

  • Licence Application: Exploration Permit No. 3843143 and associated environmental permit submitted to Moroccan authorities for the Copper Valley project.
  • Ownership Structure: Steadright owns 75 % of NSM Capital Sarl (via shareholder agreement with Critical Foundation Metals Inc., which holds the remaining 25 %).
  • Project Resource Model: Historical Goundafa mine model – 6.62 Mt total tonnage with grades of 2.1 % Zn, 1.8 % Pb, 1.5‑2.1 % Cu and up to 3.5 g/t Au (as disclosed in Oct 28 2025 press release).
  • Stockpile Purchase Contract: Agreement with MoResCo Sarl for the purchase of up to 14,400 metric tonnes of mineralised stockpiles from the historic mine.
  • Timeline: Anticipated receipt of mining licence within one month; removal of mineralised stockpiles scheduled to start end‑April 2026.
  • CEO Quote: “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 licence application's progress and the plans to get revenue from the historic Goundafa mine's mineralized stockpiles.” – Matt Lewis, CEO

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 licence application's progress and the plans to get revenue from the historic Goundafa mine's mineralized stockpiles.” – Matt Lewis, CEO

Safe Harbor statements omitted for brevity.

Read the original news release →

More from Steadright Critical Minerals Inc

Jun 29, 2026 · 08:00

Steadright's incremental Moroccan asset acquisitions mask persistent dilution and pre-revenue status

M&A / Property Jun 25, 2026 · 09:35

Early-stage Moroccan critical minerals explorer navigates deal termination and tight liquidity while awaiting regulatory clearance on flagship assets.

M&A / Property Jun 15, 2026 · 08:55

Steadright advances Moroccan Goundafa mine development with stockpile sales and CMS acquisition, but cash burn remains a key risk.

Drill Results Jun 12, 2026 · 17:10

Steadright Removes Titanbeach One Technical Report And Retains Qualified Geologist For New Technical Report

Technical Study Jun 09, 2026 · 08:01

Aggressive Moroccan critical minerals accumulator faces dilution and cash burn as it pivots to antimony.

M&A / Property Apr 16, 2026 · 09:15

Steadright Critical Minerals Inc.

M&A / Property