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Gold 3,895.80 −2.6% Silver 50.27 −3.3% Copper 6.18 −1.7% Oil 86.56 +0.0% Palladium 1,002.00 −4.2% VIZ 0.195 +0.0% SAGA 0.400 +0.0% ZEN 0.550 +0.0% TDG 0.490 +0.0% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.360 +0.0% RIO 2.67 +0.0% COSA 0.310 +0.0% DML 3.13 +0.0% VCU 0.770 +0.0% CS 11.49 +0.0% OMM 0.040 +0.0% NAU 0.530 +0.0% AHR 0.920 +0.0% VLD 0.400 +0.0% Gold 3,895.80 −2.6% Silver 50.27 −3.3% Copper 6.18 −1.7% Oil 86.56 +0.0% Palladium 1,002.00 −4.2% VIZ 0.195 +0.0% SAGA 0.400 +0.0% ZEN 0.550 +0.0% TDG 0.490 +0.0% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.360 +0.0% RIO 2.67 +0.0% COSA 0.310 +0.0% DML 3.13 +0.0% VCU 0.770 +0.0% CS 11.49 +0.0% OMM 0.040 +0.0% NAU 0.530 +0.0% AHR 0.920 +0.0% VLD 0.400 +0.0%
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 →

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