June 18th, 2025 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE::SCM) (“Steadright” or the “Company”) is pleased to announce a Letter of Intent (LOI) has been signed with the shareholders of NSM Capital Sarl (“NSM”), a Moroccan company controlling 160 sq. km’s of contiguous mineral exploration licences containing highly prospective Titanium Dioxide (TiO2), known as the TitanBeach Titanium Project with a private junior exploration company; Critical Foundation Metals Inc. (“Critical”) from Canada.
Steadright and Critical can earn up to 100% in the TitanBeach Titanium Project, which contains contiguous mineral exploration licenses in the Cape Juby Strip, known for its Titanium rich beach sands on the Atlantic coastline of Morocco, through purchasing the Moroccan NSM Company. Once the definitive purchase agreement is completed, Steadright will own 75% of NSM shares while Critical will own 25% of NSM shares. Steadright can earn an additional 5% by purchasing shares of NSM from Critical for $1,000,000 USD for up to an 80% interest.
The terms of the LOI agreement include a cash payment to NSM shareholders of $350,000 USD and a 9.5% share transfer of the amount of the outstanding shares in Steadright Critical Minerals common shares awarded to NSM shareholders upon signing a definitive purchase agreement, and no later than September 30th, 2025. A 2% NSR from the profits of the TitanBeach Titanium Project will also be payable to the shareholders of NSM. A non-refundable deposit of 15% of the amount of the definitive purchase agreement, was agreed to be done upon the signing of the LOI, and has been completed.
Titanium Dioxide is classified as a Critical and Strategic Mineral in the U.S., Canada, Europe, and a significant amount of the world’s other countries. As well, there have been academic studies on the economic potential of the Moroccan beach sands that appear quite positive for Rutile TiO₂, which, like other critical minerals, has seen a steady increase in price due to market sentiment.
In recent years the world has seen an increased demand for critical minerals, growing supply chain disruptions, rising raw material costs and major suppliers such as China increasing their export prices. Trade wars and regulations have also impacted global trade and contributed to the overall price hikes. With only a few of the world’s suppliers dominating the market, TiO2 is in strong demand.
The TitanBeach Titanium licences can be converted to exploitation (production) licences once exploration work has been performed and sufficient resources have been outlined to support estimates and a positive project.
Figure #1 Region Map Cape Juby Strip
Proceedings of the Geologists’s Association, volume 134, Issue 3, June 2023. Pg’s 329-343
CEO, Matt Lewis states, “As a company, we are very impressed with the energy and business-mindedness of the Moroccan people and their government. In maximizing our footprint and potential, we have found the experience to be nothing but efficient and welcoming. More than ever, we firmly believe we can make great strides with the TitanBeach Titanium Project, to benefit both our shareholders - and our Moroccan hosts and friends.
Qualified Person
Mr. Robert Palkovits, P. Geo, a consultant to Steadright, who is a qualified person (“QP”) under the National Instrument 43-101 – Standards of Disclosure of Mineral Projects has reviewed and approved the scientific and technical information in this press release.
ABOUT STREADRIGHT CRITICAL MINERALS INC.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration projects that can be brought into production within the critical mineral space. Steadright currently holds an option on its RAM property near Port Cartier, Quebec within the Côte-Nord Region, which is accessible by route 138. The RAM project is comprised of over 13,000 acres and located on an Anorthositic complex that is in a highly prospective geological unit and historically been under-explored for Ni, Cu, Co and precious metals.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact:
Matt Lewis
CEO & Director
Steadright Critical Minerals Inc.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Web: www.steadright.ca
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of Steadright to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that the ongoing programs will result in significant or successful exploration and development of Steadright’s properties; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
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