Business
Steadright Critical Minerals Binds Deal for Historic Polymetallic Copper-Lead-Zinc-Silver-Gold Mine in Morocco
December 9th, 2025 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce a Bind
About this update from Steadright Critical Minerals, Inc.
[{"type":"text","content":"December 9th, 2025 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce a Binding Memorandum of Understanding (MOU) has been signed on December 5th, 2025 with Ste Commerciale et Minière du Sahara (CMS) that is the license holder of an historic polymetallic Copper-Zinc-Lead-Silver-Gold Mine, known as the Goundafa Mine. After careful due diligence and further exploration work at the Licenced Goundafa Mine site, that is currently on-going, Steadright’s Board of Directors has decided to proceed with a Binding MOU agreement by providing a $500,000 USD non-refundable deposit, subject to the terms outlined in the Binding MOU. This MOU provides up to 36 Months in payments rather than the original 9 Months MOU. Steadright can accelerate payments through cash or shares as further exploration warrants. Steadright is currently in negotiations with two potential strategic partners with regards to the Goundafa historic Mine. The Goundafa Project is within Concession Number 55, with 1,600 hectares of a fully permitted License. The claim is in the Goundafa Area in South Central Morocco, within the County of Ijoukak, as outlined in press releases by Steadright on October 21, 2025 and October 28th, 2025. Goundafa Mine Initial MOU – October 21, 2025 https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3207-cse/scm/189740-steadright-signs-mou-for-historic-polymetallic-copper-lead-zinc-silver-gold-goundafa-mine-in-morocco.html Goundafa Mine Exploration Commences - October 28, 2025 https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3207-cse/scm/190193-steadright-moving-forward-with-exploration-on-the-copper-lead-zinc-silver-gold-goundafa-mine.html Terms of the Binding MOU: Steadright can acquire up to 100% of the sellers’ Corporation and all of the assets owned by the Corporation (the \"CMS Assets\") by earning an equity stake with cash and/or share-based compensation and is an arm’s length transaction. 1% NSR (Net Smelter Royalty) on all the exploration and Exploitation Mining licenses and; 5% cash or share finders’ fee – arm’s length. $8,000,000 USD in Cash or Shares equivalent or a combination with the following schedule: $500,000 USD Cash payment PAID on December 5th, 2025 $1,000,000 USD on or before Decemb...