Morocco Strategic Minerals Corp. Announces District-Scale Option Agreement in Morocco's Western High Atlas

On April 20, 2026, Morocco Strategic Minerals Corporation (MCC) released two simultaneous announcements regarding financing and asset acquisition. The primary headline involves a proposed non-brokered private placement to raise up to $5,000,000 at $0.15 per unit. Each unit comprises one common share and one-half of one purchase warrant exercisable at $0.25 for 24 months. Concurrently, the company announced an option agreement with MNF Groupe Inc. to acquire up to an 80% interest in a portfolio of five exploitation licenses and two research permits in Morocco's Western High Atlas region, including the Tanfit Mine and Ouneine Mine.

The asset deal includes significant cash commitments: US$1,000,000 in due diligence payments over four months (first installment by August 15, 2026) and a US$10,000,000 exercise price to acquire the 80% interest. Supporting this acquisition are recent sampling results from Tanfit showing up to 23.76% Cu and Ouneine showing up to 16.03% Cu. The financing is intended to fund these acquisitions and general working capital.

The asset acquisition represents a material expansion of the company's project portfolio, moving beyond single-asset exploration (Timarighine/BMR) to a district-scale option with multiple licenses. The reported copper grades (up to 23.76% Cu) are exceptionally high for surface sampling and suggest significant potential value if confirmed by drilling. However, from a risk-averse perspective, several factors temper the positivity:

• Dilution: The proposed financing at $0.15 per unit represents an approximate 12% discount to the recent trading price of $0.17 (April 17 close). With approximately 33.3 million units offered against ~184.5 million shares outstanding, this results in immediate dilution of roughly 18% upon closing.
• Cash Burn: The option agreement requires US$1,000,000 in near-term payments (due by August 2026) and a potential US$10,000,000 exercise price. While the $5M raise helps, it does not fully cover the total acquisition cost, implying further capital raises may be necessary before the asset is fully owned.
• Unproven Resources: The high grades are based on surface and underground sampling/channel samples, not NI 43-101 compliant drill core resource estimates. Grade continuity remains unverified.

Despite these risks, the news is Material - Positive because it fundamentally alters the company's asset profile from a single-project explorer to a multi-asset operator with high-grade potential in a strategic jurisdiction. The financing enables this growth but introduces short-term equity pressure.

Morocco Strategic Minerals Corporation focuses on acquiring and developing copper-gold assets in Morocco. The company leverages local operational knowledge and government relationships to advance projects. - Flagship Projects: - Timarighine: Located in the Anti-Atlas region. Maiden drilling program commenced June 2025 targeting high-grade sulphide veins (up to 16.16% Cu grab samples). - BMR Property: Southeast Morocco. Sampling returned average 2.82% Cu with gold anomalies. - New Portfolio (April 2026): Western High Atlas region including Tanfit and Ouneine licenses, offering district-scale potential with high-grade copper/silver mineralization.