Business
Steadright Critical Minerals Signs Agreement for Initial Sale of Material from Polymetallic Mineralized Stockpile at the Goundafa Historic Mine
December 16th, 2025 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce that
About this update from Steadright Critical Minerals, Inc.
[{"type":"text","content":"December 16th, 2025 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce that at the fully permitted polymetallic Goundafa Historic Mine on Concession Number 55 in Morocco, an initial contract for sale of historic mineralized stockpiled ‘Mineralized Stockpile’ has been signed with MoResCo Sarl for purchase of up to 14,400 metric tons. Under the Binding MOU, Steadright, along with Ste Commerciale et Minière du Sahara (CMS), will each share profits 50/50 for any mining activities. Ste Commerciale et Minière du Sahara (CMS) is the license holder - and Steadright will be responsible for the operations and contracting. Figures 1 and 2 illustrate the location of the mining concession as per the “Rapport technique et financière d'évaluation de terrain minier de Goundafa”, 2022. Steadright can earn up to 100% in the Goundafa Project, which holds Concession Number 55, with 1,600 hectares of a fully permitted Mining and Environmental Production License. The claim is in the Goundafa Area in South Central Morrocco, within the County of Ijoukak. As per the Press Release dated October 21st, 2025: Steadright Signs MOU for Historic Polymetallic Copper-Lead-Zinc-Silver-Gold Goundafa Mine in Morocco; Click Here Terms of the Contract The sellers undertakes to provide a polymetallic product with minimum industrial grades of 3.0% Zn and 1% Pb, and will provide MoResCo Sarl with mineralized stockpiled material analyses by SGS for each 1000 metric tons before loading. Loading will take place after confirmation from the buyer. Product weight and grade verification will be carried out by the buyer or their representative at the buyers site, as follows: -Weight at the buyers site weighbridge. - Grade: Sampling after crushing will be carried out in 1000-ton batches by the buyer's teams in the presence of the seller or their representative. - Deliveries will be made in 1000-ton batches (+/- 5%). - Crushing will take place at the buyer's site in the presence of the seller or their representative. - The grade of the Product per 1000T batch must be equal to or greater than 3.0% Zn and/or 1% Pb Sampling and Determination of Grade for Payment for Copper, Silver and Gold will also be verified by the Seller, and grade verification will be carried out by the buyer. Goundaf...