Steadright Critical Minerals launches flow-through private placement

July 20, 2026 – Muskoka, Ontario – TheNewswire – Steadright Critical Minerals Inc. (CSE:SCM) (“ Steadright ” or the “ Company ”) is pleased to announce that it has arranged a non-brokered private placement offering of flow-through units for gross proceeds of $600,000 (the “ FT Unit Offering ). Under the FT Unit Offering, the Company will issue 2,666,666 Quebec flow-through units (“ FT Units ”) at a price of $0.15 per FT Unit. Each FT Unit will consist of one (1) common share qualifying as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada), and one half of one (1/2) additional common share purchase warrant (a “ FT Warrant ”).

Each whole FT Warrant will entitle the holder to acquire one additional common share at an exercise price of $0.25 for a period of twenty-four (24) months following the closing date. For Quebec Investors, Qualifying Expenditures shall also mean expenses which qualify for inclusion in the “exploration base relating to certain Quebec exploration expenses” within the meaning of section 726.4.10 of the Quebec Tax Act and expenses qualifying for inclusion in the “exploration base relating to certain Quebec surface mining expenses or oil and gas exploration expenses” with the meaning of section 726.4.17.2 of the Quebec tax Act. The company will also issue 1,333,333 National Flow-through units ( FT Units ) at a price of $0.15  per FT Unit.

Each FT Unit will consist of one (1) common share qualifying as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada), and one half of one (1/2) additional common share purchase warrant (a “ FT Warrant ”). Each whole FT Warrant will entitle the holder to acquire one additional common share at an exercise price of $0.25 for a period of twenty-four (24) months following the closing date. The net proceeds from the FT Unit Offerings will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as defined in the Income Tax Act (Canada).

The current financing may involve Tranches of closings as the Company deems appropriate. In consideration for their services, certain finders will receive a cash commission equal to 8.0% on eligible subscriptions of the gross proceeds of the FT Unit Offering (the “ Commission ”). The Commission paid will equal $48,000.

Certain finders will also be entitled to a broker warrant commission equal to 8.0% on eligible subscriptions of the gross proceeds of the FT Unit Offering (the “ Broker Warrants ”). Each Broker Warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.15 for a period of twenty-four (24) months following the FT Unit Offering closing date. 320,000 Broker Warrants will be issued. The Commission and Broker Warrants are paid in accordance with the policies of the Canadian Securities Exchange and relevant Canadian securities laws.