Steadright Critical Minerals Upsizes Private Placement and Appoints New Director
October 16, 2026 — Leads & Copy — Steadright Critical Minerals Inc. (CSE: SCM) has upsized its non-brokered private placement to raise up to $900,000 CAN, an increase of $100,000 CAN from the previously announced $800,000 CAN offering. The offering will consist of up to 9,000,000 units, with each unit comprising one common share and one common share purchase warrant. These warrants will allow the holder to purchase an additional common share at a price of $0.16 for a period of 24 months following the closing date.
The funds generated from this offering are designated for general working capital, corporate operations and potential strategic initiatives. All securities issued under this placement are subject to a statutory hold period of four months and one day from the date of issuance, in line with securities regulations. The offering is still pending regulatory approvals, including endorsement from the Canadian Securities Exchange.
Steadright may also disburse finders’ fees to eligible parties involved in the offering, adhering to securities laws and Canadian Securities Exchange policies. Notably, company insiders are expected to participate in this private placement.
In a separate development, the company’s Board of Directors has appointed Mr. Tyler Burpee as a new Director, effective October 15th, 2026. Mr. Burpee brings over 15 years of experience in capital markets advisory, corporate development, and deal origination, particularly within the junior mining and critical minerals sectors. He currently serves as CEO and Director of Catalyst Mines Inc., a critical minerals developer with assets in Morocco, and as a Director of Gold Strategy Inc. (TSX-V: GST).
Since 2013, Mr. Burpee has been a Partner at Fallon Capital, guiding transactions in gold, base metals, and critical minerals across Canada, Africa, and South America. His prior roles include Vice President at Prince Arthur Capital, a Canadian merchant bank, and business development at Norvista Resources, a specialized mining merchant bank.
Steadright Critical Minerals Inc., established in 2019, is a mineral exploration company focused on exploration and historical mining projects within Morocco’s critical mineral sector. The company holds exposure through NSM Capital Sarl, a Moroccan entity, with approximately 192 square kilometers of mineral exploration claims, including the TitanBeach Titanium Project and the Copper Valley Project. Steadright also has a memorandum of understanding for the historic Goundafa Mine in the Kingdom of Morocco.
Source: Steadright Critical Minerals Inc.
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