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Steadright Critical Minerals Inc. Announces Private Placement to Raise Up to $800,000
October 9, 2026 — Leads & Copy — Steadright Critical Minerals Inc. (CSE: SCM) announced a non-brokered private placement aiming to raise up to $800,000 CAN through the issuance of units at $0.10 per unit. Each unit will comprise one common share and one common share purchase warrant. These warrants grant the holder the right to acquire an additional common share at a price of $0.16 per share for a period of 24 months post-closing.
The gross proceeds from this offering are earmarked for general working capital and corporate purposes. All securities issued under this private placement will be subject to a statutory hold period of four months and one day from their issuance date, as per applicable securities legislation.
The offering is contingent upon receiving regulatory approvals, including endorsement from the Canadian Securities Exchange. In line with securities laws and exchange policies, the company may award finders' fees to eligible parties involved in the placement. Insiders of the company are expected to participate in this private placement.
Steadright Critical Minerals Inc. is a mineral exploration firm founded in 2019. The company's strategic focus is on identifying exploration and historical mining opportunities within Morocco's critical mineral sector. Currently, Steadright holds interests through a Moroccan entity, NSM Capital Sarl, possessing over 192 square kilometers of mineral exploration claims encompassing the TitanBeach Titanium Project and the Copper Valley Project. Additionally, Steadright has a binding Memorandum of Understanding for the historic Goundafa Mine, located within the Kingdom of Morocco.