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June 29, 2026 TheNewswire - Muskoka, Ontario Steadright Critical Minerals Inc. (CSE: SCM,OTC:SCMNF) ("Steadright" or the "Company") announces that as of June 27 it has entered into a Share Purchase Agreement to acquire a 50% interest in a Moroccan company holding crushing, grinding, and quarrying assets essential to Steadright's expanding operational footprint within the Kingdom of Morocco. This is a Definitive Agreement.
Steadright CEO, Matt Lewis, states: "I could not be happier! This purchase absolutely aligns with our business model of finding strong assets and moving them along as fast as possible."
"Having a quarry site speaks for itself. And its location and the crushing and grinding equipment are strategically located vis a vis a number of our land assets, making future processing options available with our own equipment - and on the timelines of our choice."
"Bravo to our Moroccan friends and partners who have made this happen. We are very proud to be working alongside them!"
Maghreb Atlas Trading Sarl ("MAT")
Mining & Research Company ("MRC")
MAT and MRC collectively referred to as the "Vendors."
REGARDING: Share price for the common shares is valued at 0.20 Cents CAN
The quarry site and crushing & grinding equipment ("QSCG" or the Company)
The Vendors collectively own 100% of the quotas (parts sociales) of QSCG. Under the Share Purchase Agreement:
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The Vendors agree to sell, and Steadright agrees to purchase, 50% of the quotas of QSCG (the "Purchased Quotas").
Post‑Closing Ownership Structure
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SCM – 50%
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Maghreb Atlas Trading Sarl – 25%
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Mining Research Company – 25%
The total consideration for the Purchased Quotas consists of:
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5,000,000 common shares of Steadright at an acb of 20 cents issued to Maghreb Atlas Trading Sarl;
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5,000,000 common shares of Steadright at an acb of 20 cents issued to Mining Research Company;
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€700,000 EUR payable to a Lawyer Trust Account as a pass‑through settlement
The Parties acknowledge that no Vendor will hold more than 10% of Steadright's issued and outstanding common shares after issuance.
Payment of the €700,000 will occur after completion of due diligence and valuation of the crushing equipment, grinding systems, and land assets by Steadright.
Steadright shall have no obligation to perform operational work on QSCG assets for twelve (12) months following closing.
Steadright will complete a full valuation of QSCG's crushing, grinding, and land assets prior to final payment. If material discrepancies are identified, Steadright may renegotiate or terminate the contract.
A preliminary technical report has already been prepared by KiProCon GmbH & Co. KG, a leading German engineering and industrial consulting firm.
STRATEGIC OPERATIONAL BENEFITS
Steadright may utilize QSCG's crushing and processing equipment for its mineral properties in Morocco, coordinated by the QSCG Manager (Gérant). This supports Steadright's operational requirements during both the exploration and development phases of its corporate strategy.
Steadright also agrees to contribute up to CAD $480,000 toward repairs, upgrades, or rehabilitation of the equipment and site, subject to Steadright approval and not bound to any timeline.
GOVERNANCE & SHAREHOLDER AGREEMENT
A formal Shareholders Agreement is being finalized. Key governance terms include:
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The Manager (Gérant) of QSCG will oversee day‑to‑day operations in Morocco.
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The following actions require 75% shareholder approval
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Capital increases or issuance of new quotas
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Appointment or removal of the Manager
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Major asset sales
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Borrowing above a defined threshold
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Changes to business direction
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Steadright's investment is intended to support long‑term strategic alignment, capital development, and operational capacity of QSCG, while strengthening Steadright's ability to advance its mineral claims and projects within Morocco.
ABOUT Steadright Critical Minerals Inc.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused on identifying exploration and historical mining projects that can be advanced toward production within the Moroccan critical minerals sector.
Steadright currently has exposure through its Moroccan entity, NSM Capital Sarl, with over 192 sq. km of mineral exploration claims known as the TitanBeach Titanium Project, along with the Copper Valley Project. Steadright also holds a binding MOU for the historic Goundafa Mine.
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
Website: www.steadright.ca
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release
Forward‑looking information is subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements of Steadright to differ materially from those expressed or implied. Such risks include, but are not limited to: uncertainty of exploration results; availability of financing; permitting timelines; commodity price fluctuations; operational risks; changes in legislation; market conditions; availability of skilled labour; and other risks inherent to the mining industry. Steadright undertakes no obligation to update forward‑looking information except as required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation to buy securities in the United States. The securities referenced herein have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States absent registration or an applicable exemption.
Copyright (c) 2026 TheNewswire - All rights reserved.
