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Steadright Critical Minerals and SilverLine Mining Sarl Signs LOI in Morocco with Existing Mining License
January 27th, 2026 – TheNewswire – Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”), a resource exploration compa
About this update from Steadright Critical Minerals, Inc.
[{"type":"text","content":"January 27th, 2026 – TheNewswire – Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”), a resource exploration company focused on near-term production announces a Letter of Intent (LOI) with a first right of refusal to acquire up to 60% of SilverLine Mining Sarl, a Moroccan company with a binding Memorandum of Understanding (MOU) on a Licensed Mineral Claim property which is the License Holder of # 3843117 in the Regional Mining Area of Errachidia within the Kingdom of Morocco. LOI Terms Steadright’s non-binding LOI with SilverLine Mining Sarl has up to a three-month Due Diligence (DD) period before a definitive agreement. The definitive agreement will give 5,500,000 Common Shares of Steadright to the owner of Mining License # 3843117 for up to 60% SilverLine Mining Sarl. The Mining License holder will retain 25% carried cost with SilverLine retaining 75% of the Mining Claim that currently holds an existing Mining License. This is an arm’s length transaction and the non-binding LOI was signed on January 26th, 2026. Geology The SilverLine property is located in the Regional Mining Area of Errachidia within the Eastern High Atlas Haute Moulouya plateau and is widely recognized as part of the Moulouya lead metallogenic province. Based on the February 21, 2022 report, “ETUDE GEOLOGIQUE DU PROJET MINIER OBJET DU PERMIS D’EXPLOITATION, POLYMÉTALLIQUE À BARYTINE, FLUORINE ET PLOMB” by Kharmouch Sahar, mineralization is structurally controlled in a system tightly linked to NE/SW-oriented faults and fractures that affect the basement, the lower part, and the cover rocks. These structures create a highly fractured zone where lead, fluorite, and barite mineralization occurs are concentrated. According to ONHYM, 30% of global silver production comes from lead–zinc mines, and Morocco’s silver often occurs as a by‑product in Pb–Zn districts. Qualified Person Mr. Robert Palkovits, P. Geo., VP Exploration for Steadright and a Qualified Person as defined under National Instrument 43‑101, has reviewed the scientific and technical information contained in this news release and has approved its disclosure. The QP has not yet verified all geological information reported herein, which is based in part on historical data and government sources. Additional verification work, including site ...