(TheNewswire)
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March 3 rd , 2025 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“ Steadright ” or the “ Company ”) is pleased to announce that it has agreed to acquire 50% interest in 59 claims known as the B2 project in Saguenay-Lac-St-Jean Region of Québec, through a purchase agreement with Critical Foundation Metals Inc. for consideration of 1,600,000 common shares of Steadright Critical Minerals.
Grab bag samples, taken independently, in October of 2022 on the B2 property yielded results with individual grades up to 3.19% Copper , 0.71% Nickel , 0.08% Cobalt and 7.25 g/t Silver
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Sample |
Cu % |
Ni % |
Co % |
Ag g/t |
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E6704938 |
3.19 |
0.09 |
0.01 |
7.25 |
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E6704939 |
0.15 |
0.71 |
0.08 |
0.21 |
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E6704940 |
1.12 |
0.08 |
0.01 |
2.61 |
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E6704941 |
2.84 |
0.52 |
0.05 |
6.36 |
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Figure 1 B2 Regional Location
The Board of Directors has also decided to approve a Private Placement at 0.04 cents for up to 3,000,000 Common Shares with full warrants for 2 Years at 0.08 cents for potential acquisitions, exploration expenditures and general administration purposes, subject to CSE and Regulatory approvals.
Qualified Person
Mr. Robert Palkovits, P. Geo, a consultant to Steadright, who is a qualified person (“QP”) under National Instrument 43-101 – Standards of Disclosure of Mineral Projects has reviewed and approved the scientific and technical information in this press release.
ABOUT STREADRIGHT CRITICAL MINERALS INC.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright currently holds an option on its RAM property near Port Cartier, Quebec within the Côte-Nord Region, which is accessible by route 138. The RAM project is comprised of over 13,000 acres and located on an Anorthositic complex that is in a highly prospective geological unit and historically been under explored for Ni, Cu, Co and precious metals.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact:
John Theobald
Chairman & Director
Steadright Critical Minerals Inc.
Email: info@steadright.ca
Web: www.steadright.ca
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) 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 the actual results, level of activity, performance or achievements of Steadright to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that the ongoing programs will result in significant or successful exploration and development of Steadright’s properties; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
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