Steadright closes Quebec flow-through placement
Key facts
- C$400K PP
- C$0.15/unit
- +0.5 wt @ C$0.25 / 24mo
- Jul 28 close
July 28, 2026 – TheNewswire – Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE:SCM) (“ Steadright ” or the “ Company ”) is pleased to announce that it has closed its non-brokered private placement offering of Quebec flow-through units for gross proceeds of $400,000 (the “ QCFT Unit Offering ). Under the QCFT Unit Offering, the Company issued 2,666,666 Quebec flow-through units (“ QCFT Units ”) at a price of $0.15 per QCFT Unit. Each QCFT Unit consists 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 “ QCFT Warrant ”).
Each whole QCFT 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 QCFT Unit Offering 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). In consideration for their services, certain finders received a cash commission equal to 8.0% on eligible subscriptions of the gross proceeds of the QCFT Unit Offering (the “ Commission ”).
The Commission paid equalled $27,600.00. Certain finders were also entitled to a broker warrant commission equal to 8.0% on eligible subscriptions of the gross proceeds of the QCFT Unit Offering (the “ Broker Warrants ”). Each Broker Warrant entitles 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 QCFT Unit Offering closing date. 184,000 Broker Warrants were issued.
The Commission and Broker Warrants are paid in accordance with the policies of the Canadian Securities Exchange and relevant Canadian securities laws. All securities issued in connection with the QCFT Unit Offering are subject to a statutory hold period of four (4) months and one (1) day from the date of issuance in accordance with applicable securities legislation. Further to SCM’s press release of July 20, 2026, the Company will no longer be offering it’s proposed national flow-through private placement for gross proceeds up to $200,000.
As such, there are no financings now open. Options Granted Steadright announces that the Board of Directors has approved 500,000 options to certain consultants of the Company and granted under the Company’s 2022 Option Policy Plan, as amended and approved at the 2025 Annual General Meeting (AGM). The Options strike price is 25 cents.
The expiry date is for 5 Years from date of granting and under the terms of the Corporate Option Plan the Options are set to expire on July 28 th , 2031. ABOUT STEADRIGHT CRITICAL MINERALS INC. Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused in 2025 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 sq KMs of mineral exploration claims called the TitanBeach Titanium Project, along with the Copper Valley Project. Steadright has also has a binding MOU for the historic Goundafa Mine within the Kingdom of Morocco. ON BEHALF OF THE BOARD OF DIRECTORS For further information, please contact: Matt Lewis CEO & Director Steadright Critical Minerals Inc. Email: enquires@steadright.ca enquiries@steadright.ca Tel: 1-905-410-0587 www.steadright.ca : Website and Deck 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.