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Steadright Critical Minerals Closes First Tranche of Private Placement, Raises $1,084,204
Muskoka, Ontario — March 3, 2026 — Leads & Copy — Steadright Critical Minerals Inc. (CSE:SCM) has closed the first tranche of its non-brokered private placement, selling 4,336,816 units at $0.25 per unit for gross proceeds of $1,084,204.00.
The company intends to use the net proceeds for general working capital and corporate purposes. The offering remains subject to final Canadian Securities Exchange acceptance of requisite regulatory filings.
Each unit comprises one common share and one common share purchase warrant. Each warrant allows the holder to acquire one further common share at $0.31 per share for 24 months from the issuance date.
Certain finders received a cash commission equal to 8.0% on eligible subscriptions of the gross proceeds of the offering, totaling $56,300.00, and a broker warrant commission equal to 8% on eligible subscriptions of the gross proceeds of the offering, being 225,200 broker warrants. The commission was paid according to Canadian Securities Exchange policies and relevant Canadian securities laws.
The common shares, warrants, and broker warrants issued are subject to a regulatory hold period of four months and one day from the date of issuance.
Steadright CEO Matt Lewis said the company is encouraged by the enthusiasm surrounding the first tranche of the capital raise and is progressing its Moroccan assets forward.
Atrium Research disseminated an initiation research report on Steadright Critical Minerals on February 27, 2026, titled "Steadright Critical Minerals - Strategic Moroccan Acquisitions; Fast-Track to Production."
Steadright Critical Minerals, established in 2019, focuses on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space since late spring 2025. Steadright has exposure through NSM Capital Sarl, with over 192 sq km of mineral exploration claims called the TitanBeach Titanium Project in the Southern Provinces of Morocco. The company has also signed a binding MOU for the historic Goundafa Mine, acquired the Copper Valley historic copper-lead-silver project, and has an LOI with SilverLine Mining Sarl.