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(TheNewswire)
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October 16th, 2026 TheNewswire - Muskoka, Ontario Steadright Critical Minerals Inc. (CSE: SCM) ("Steadright" or the "Company") announces the non-brokered private placement for gross proceeds of up to $800,000 CAN (the "Offering) at a price of $0.10 cents per unit has been upsized by $100,000 CAN to $900,000 CAN.
The issuance of up to 9,000,000 units (each, a "Unit") in the capital of the Company will consist of one common share and one common share purchase warrant (each warrant, "Warrant") which will entitle the holder therof to purchase one common share at a price of $0.16 per share for a period of twenty-four (24) months following the closing date.
The proceeds from the Offering will be used for general working capital, corporate purposes and potential strategic initiatives.
All securities issued in connection with the Offering will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance in accordance with applicable securities legislation. The Offering remains subject to regulatory approvals, including approval from the Canadian Securities Exchange, as applicable.
The Company may pay finders' fees to eligible parties in connection with the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.
Insiders will be participating in the Private Placement.
NEW DIRECTOR APPOINTED
The Board of Directors is also pleased to announce that Mr. Tyler Burpee has been appointed as Director, effective October 15th, 2026. Mr. Burpee has over 15 years of experience in capital markets advisory, corporate development and deal origination for junior mining and critical minerals companies. He is CEO and Director of Catalyst Mines Inc., a critical minerals developer advancing cobalt, nickel and chromium assets in Morocco's Anti-Atlas Mountains, and a Director of Gold Strategy Inc. (TSX-V: GST).
Since 2013 Mr. Burpee has been a Partner at Fallon Capital, working with private equity funds and issuers on transactions across gold, base metals and critical minerals in Canada, Africa and South America. He previously served as Vice President of Prince Arthur Capital, a Canadian merchant bank, and began his career in business development at Norvista Resources, a specialty mining merchant bank.
ABOUT Steadright Critical Minerals Inc.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has focussed on finding exploration and historical mining projects within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq. km of mineral exploration claims called the TitanBeach Titanium Project, along with the Copper Valley Project. Steadright also has a binding MOU for the historic Goundafa Mine within the Kingdom of Morocco.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact:
Matt Lewis
CEO & Director
Steadright Critical Minerals Inc.
Email: enquires@steadright.ca
Tel: 1-905-410-0587
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws. Such information and statements may include, without limitation, statements regarding the Company's business activities, mineral exploration and development projects, and future plans and objectives.
Forward-looking information is based on management's current expectations, assumptions and estimates and is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such information. These risks and uncertainties include, without limitation, risks associated with mineral exploration and development, commodity price fluctuations, the availability of financing, regulatory approvals, political and economic conditions in Morocco, and other risks inherent in the mineral exploration industry.
Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise such information as a result of new information, future events or otherwise.
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