20:38:33 EDT Fri 12 Jun 2026
Enter Symbol
or Name
USA
CA



Steadright Critical Minerals Inc (3)
Symbol SCM
Shares Issued 66,485,060
Close 2026-06-12 C$ 0.205
Market Cap C$ 13,629,437
Recent Sedar+ Documents

Steadright Critical redoing Dec. 1 technical report

2026-06-12 17:29 ET - News Release

Mr. Matt Lewis reports

STEADRIGHT REMOVES TITANBEACH ONE TECHNICAL REPORT AND RETAINS QUALIFIED GEOLOGIST FOR NEW TECHNICAL REPORT

Steadright Critical Minerals Inc., as a result of a review by staff of the Ontario Securities Commission, is issuing the following news release regarding its disclosure related to the project following comments received from staff of the Ontario Securities Commission in connection with a continuous disclosure review and is removing the TitanBeach One technical report.

The company has removed the independent technical report titled "NI 43-101 Technical Report on the TitanBeach One (1) project, Kingdom of Morocco," dated Dec. 1, 2025, and posted on the company's disclosure record and website and deck.

The OSC's comments related to the technical report included suggested amendments to items 16 mining methods, 17 recovery methods, 18 project infrastructure and 19 market studies of NI 43-101 and detailed in the technical report, as well as certain website and corporate presentation disclosure. Failure to have the geologist agree to amend the report, one the company had already paid for, has led to the company to recommit to another geologist that will complete the report accurately this time around.

Following further discussions with the author of the technical report and independent consultants, the company determined that, based on the early-stage nature of the project, disclosure relating to Items 16, 17, 18 and 19 was not appropriate at this stage of exploration.

Accordingly, the company has elected to proceed with a refiling of the technical report at this time with David M. Pollard, C. geologist. who is a qualified person under the National Instrument 43-101 -- Standards of Disclosure of Mineral projects, with most of his career spent as a mineral exploration geologist in parts of the African continent.

Mr. Pollard is a validated fellow of the Geological Society of London (chartered geologist) and a member of the Society of Economic Geologists and has specialized in alluvial systems. He expects a short turn-around time of four to six weeks for completion.

Chief executive officer Matt Lewis says: "We love the short turn-around time and are extremely committed to TitanBeach and its potential. And we feel very pleased about the new geo chosen, as Mr. Pollard comes considerably well recommended. He has experience in Africa, is a respected pro -- and by all accounts will do the work quickly and efficiently -- and with a keen mind. That will be quite refreshing, considering our former experience."

Options granted

Four hundred thousand options to consultants have been awarded at a strike price of 25 cents, for five years expiring on June 11, 2031, as per the company's stock option plan as amended, dated 2022.

About Steadright Critical Minerals Inc.

Steadright Critical Minerals is a mineral exploration company established in 2019. Steadright has been focused on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 square kilometres of mineral exploration claims called the TitanBeach titanium project, along with the Coper Valley project.

© 2026 Canjex Publishing Ltd. All rights reserved.