Business
Steadright Critical Minerals Binds Deal for Historic Copper-Lead-Silver Project in Morocco
January 8th, 2026 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce it has
About this update from Steadright Critical Minerals, Inc.
[{"type":"text","content":"January 8th, 2026 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce it has entered into a Mineral Claim Purchase Agreement (signed January 7th, 2025) with EMTF, the license holder of Exploration Permit No. 3843143, covering a historic copper–lead-silver project in Morocco. Following careful due diligence and ongoing field validation, Steadright’s Board of Directors has approved the Mineral Claim Purchase Agreement for 4,000,000 Common Shares of Steadright Critical Minerals to EMTF and 1,000,000 Common Shares to Critical Foundation Metals Inc. There is a 4 month hold period on the shares. This share issuance will not result in a change of control for Steadright. Terms of Purchase Steadright is buying into the asset through Critical Foundation Metals Inc. (CFM), an Ontario private company that found the property and has done their own work on it. Steadright is giving 4,000,000 Common shares for the purchase of 75% of the Exploration Permit No. 3843143 to EMTF, a Moroccan arms-length company. Steadright thanks the management of CFM for their good work and due diligence on behalf of this Mineral License. Steadright and CFM have agreed to place the Exploration Permit into NSM Capital Sarl, which is a Moroccan Company, controlled and managed in Morocco. Steadright and CFM are shareholders in NSM Capital Sarl, with Steadright controlling 75% through an active shareholders agreement registered in Morocco. Project overview and location advantages The project lies within a mining‑friendly jurisdiction, as Morocco continues to be “open for business” for responsible mineral development. The licensed area benefits from existing roadway access that enables the cost‑effective mobilization of crews and equipment, significantly reducing the need for new road construction. This existing infrastructure, coupled with proximity to services and supportive local communities, provides a practical foundation for efficient exploration. Geological Context Exploration Permit No. 3843143 is underlain by dolomitic formations that have proven receptive to mineralizing fluids over time. These carbonate rocks host a series of veins carrying copper and lead, with silver values also reported. Figures 1. Area of Mapping, Sampling, 2.Structural diagram of the Mapped Area The system...