Business
Steadright Closes Second and Final Tranche of Unit Offering
March 18th, 2026 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE:SCM) (“Steadright” or the “Company”) is pleased to announce that it h
About this update from Steadright Critical Minerals, Inc.
[{"type":"text","content":"March 18th, 2026 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE:SCM) (“Steadright” or the “Company”) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the “Offering”), pursuant to which the Company sold 1,940,000 Units (the “Units”) in the capital of the Company at a price of $0.25 per Unit, for aggregate gross proceeds of $485,000.00. The Company intends to use the net proceeds for general working capital and corporate purposes. Each Unit is comprised of one common share in the capital of the Company (each a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one further Common Share at a price of $0.31 per Common Share for a period of twenty-four months from the date of issuance. In consideration for their services, certain finders received a cash commission (the “Commission”) equal to 8.0% on eligible subscriptions of the gross proceeds of the Offering totalling $38,800.00 and a broker warrant commission equal to 8% on eligible subscriptions of the gross proceeds of the Offering (the “Broker Warrants”), being 225,200 Broker Warrants. The Commission was paid in accordance with the policies of the Canadian Securities Exchange and relevant Canadian securities laws. The Common Shares, Warrants and Broker Warrants issued pursuant to the Offering will be subject to a regulatory hold period of four months and one day from the date of issuance. The Offering remains subject to final Canadian Securities Exchange acceptance of requisite regulatory filings. ABOUT STEADRIGHT CRITICAL MINERALS INC. Steadright Critical Minerals is a mineral exploration company established in 2019. Steadright has been focused since late spring 2025 on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq KMs of mineral exploration claims called the TitanBeach Titanium Project, and found in the Southern Provinces of Morocco. Steadright also has signed a Binding MOU for the historic Goundafa Mine within the Kingdom of Morocco, has acquired the Copper Valley historic copper-lead-silver project and has...