Steadright Update on Copper Valley Copper-Lead-Silver Project

Executive Summary

• Steadright’s NSM Capital Sarl geological team conducted on‑site field assessments at the Copper Valley Copper Project (Feb 2‑6, 2026) to evaluate haulage routes and test pits in preparation for extraction activities.
• The company is awaiting receipt of a Mining License for the project, which is expected within weeks following its recent transfer from former owner EMTF Sarl to NSM Capital Sarl.
• Steadright holds a 75 % interest in NSM Capital Sarl (the remaining 25 % held by Critical Foundation Metals Inc.).

Key Details

• Fieldwork included evaluation of the existing road network for haulage suitability and identification of required upgrades to support movement of mineralized stockpiles.
• Several test pits were examined to verify material characteristics and confirm extraction logistics for the initial testing phase.
• The Mining License and Environmental Permit (Exploration Permit No. 3843143) are being transferred to NSM Capital Sarl; receipt of the Mining License is anticipated in the coming weeks.
• NSM Capital Sarl management has assumed responsibility for completing the licensing process expeditiously.
• Steadright’s 75 % ownership in NSM Capital Sarl is secured through a shareholder agreement with Critical Foundation Metals Inc., which holds the remaining 25 %.
• The release references prior announcements dated January 8 2026 and January 20 2026 for additional context on the project.

Notable Quotes

Matt Lewis, CEO: “Our Moroccan team is indefatigable in their efforts. We are moving forward on our four properties in very, very good time and they should be quite proud.”