Steadright Closes First Tranche of Unit Offering

Executive Summary

• Steadright Critical Minerals Inc. closed the first tranche of its non‑brokered private placement, selling 4,336,816 units at $0.25 per unit for gross proceeds of $1,084,204.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.31 for 24 months; 225,200 broker warrants were also issued as commission.
• Net proceeds are earmarked for general working capital and corporate purposes, supporting the company’s Moroccan exploration projects.

Key Details

• Units sold: 4,336,816
• Price per unit: $0.25
• Aggregate gross proceeds: $1,084,204
• Unit composition: 1 common share + 1 common‑share purchase warrant (exercise price $0.31, exercisable for 24 months).
• Finder commission: 8% cash commission on eligible subscriptions = $56,300.
• Broker warrant commission: 8% of eligible subscriptions, resulting in 225,200 broker warrants.
• Regulatory hold period: Four months and one day from issuance for common shares, warrants, and broker warrants.
• Use of proceeds: General working capital and corporate purposes, including advancement of Moroccan assets (TitanBeach Titanium Project, Goundafa Mine MOU, Copper Valley acquisition, LOI with SilverLine Mining).
• CEO comment: Matt Lewis expressed encouragement from investor enthusiasm and noted ongoing progress on Moroccan assets.

Notable Quotes

“We are quite encouraged by the enthusiasm surrounding the first tranche of our capital raise, and are also working hard progressing our Moroccan assets forward.” – Matt Lewis, CEO & Director

Materiality Assessment: Material – Positive (significant financing that provides liquidity for ongoing operations and project development).