Mr. Matt Lewis reports
STEADRIGHT MOU TO ADD TWO FURTHER EXPLORATION LICENSES TO TITANBEACH TITANIUM PROJECT IN MOROCCO
Steadright Critical Minerals Inc. has entered into a memorandum of understanding to purchase two additional claims contiguous to the TitanBeach titanium project along the shores of the coastal waters of the Atlantic Ocean. These two additional exploration licences will add another 32 square kilometres to the 12 existing claims of 192 square kilometres within NSM Capital Sarl once the MOU purchase agreement is finalized.
Steadright has entered into an MOU agreement with an
intermediator, a research and exploration mining corporation out of Laayoune, Morocco. According to the MOU agreement, Steadright will pay up to
$150,000 (U.S.)
for two exploration licences in a deal currently being finalized and add them to
NSM Capital, a Moroccan-run company. Steadright is a shareholder of NSM Capital, which is operated as a Moroccan corporation, with 75 per cent of the common shares. There will be no net smelter royalty on the two new exploration licences to be acquired. NSM Capital controls 100 per cent of the mineral licences known as the TitanBeach titanium project.
Exploration work continues on the TitanBeach titanium project, and NSM expects a larger exploration program to commence in November, 2025, with its Moroccan exploration team being involved. NSM Capital continues to work with officials for their input as part of the process for a comprehensive plan that involves applying for a mining and environmental licence in November.
Steadright's chief executive officer, Matt Lewis, stated: "Government and local support are key aspects of any mining operation. Moroccan officials have been extremely professional and helpful throughout the company's rapid growth process, and we are very grateful. The
various
Moroccan agencies and our Moroccan team on the ground are second to none when it comes to getting things done."
Titanium dioxide:
Titanium dioxide is
classified as a critical and strategic mineral
in the United States, Canada, Europe and a significant amount of the world's other countries. With only a few of the world's suppliers dominating the market, TiO2 is in strong demand.
About Steadright Critical Minerals Inc.
Steadright is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration projects that can be brought into production within the critical mineral space. Steadright is focused on near-term production in Morocco. Steadright currently is also renegotiating an option on the RAM property near Port-Cartier, Que., within the Cote-Nord region, which is accessible by
Route 138. The RAM project is located on an anorthositic complex that is in a highly prospective geological unit, and that has historically been underexplored for nickel, copper, cobalt and precious metals.
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