Steadright Closes Second and Final Tranche of Unit Offering

Executive Summary

• Steadright Critical Minerals Inc. closed the second tranche of its non‑brokered private placement, selling 1,940,000 Units at $0.25 per Unit for total gross proceeds of $485,000.
• 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; the securities are subject to a four‑month‑plus regulatory hold period.

Key Details

• Units sold: 1,940,000 Units @ $0.25 per Unit → Gross proceeds: $485,000.00
• Unit composition: 1 common share + 1 common share purchase warrant (exercise price $0.31, exercisable for 24 months).
• Finder’s commission: Cash commission of 8 % on eligible subscriptions = $38,800.00.
• Broker warrant commission: 8 % on eligible subscriptions → Broker Warrants issued: 225,200 warrants.
• Regulatory hold: All common shares, warrants and broker warrants subject to a four‑month‑plus (4 months + 1 day) hold period from issuance date.
• Use of proceeds: Net proceeds will be used for general working capital and corporate purposes.
• Closing conditions: Offering remains contingent upon final acceptance by the Canadian Securities Exchange of required regulatory filings.

Notable Quotes

“With the financing closed and Ramadan almost over, the spring and summer efforts begin.” – Matt Lewis, CEO & Director

All forward‑looking statements are subject to risks and uncertainties detailed in the release.