August 29th, 2025 – TheNewswire - Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE:SCM) (“Steadright” or the “Company”) is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement (the “Offering”), pursuant to which the Company sold 8,752,856 Non-Flow-Through Units (the “Units”) and 700,000 Flow-Through Units (the “FT Units”) in the capital of the Company at a price of C$0.07 per Unit and $0.10 per FT Unit, for aggregate gross proceeds of C$682,670 (the “Final Tranche”).

 

Aggregate gross proceeds of the Offering (including the first tranche that closed August 14, 2025, and the Final Tranche) are C$910,000.

 

Each Unit is comprised of one common share in the capital of the Company (each a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one further Common Share at a price of $0.11 per Common Share for a period of twenty-four months from the date of issuance. Each FT Unit is comprised of one common share in the capital of the Company and one common share purchase warrant (each, a “FT Warrant”). Each FT Warrant entitles the holder to acquire one further Common Share at a price of $0.15 per Common Share for a period of twenty-four months from the date of issuance.  

 

In consideration for their services, certain finders received a cash commission (the “Commission”) equal to 8.0% on eligible subscriptions of the gross proceeds of the Final Tranche totalling C$31,896 and a broker warrant commission equal to 8% on eligible subscriptions of the gross proceeds of the Final Tranche (the “Broker Warrants”), being 375,657 Broker Warrants from Units and 56,000 Broker Warrants from FT Units. The Commission was paid in accordance with the policies of the Canadian Securities Exchange and relevant Canadian securities laws.

 

Certain insiders of the Company subscribed for an aggregate of $115,050 under the Offering. The participation by such insiders in the Offering is considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the aggregate fair market value of the securities issued to insiders under the Offering does not exceed 25% of the Company’s market capitalization. The Offering was approved by the board of directors of the Company, with any directors who participated in the Offering abstaining from the vote on such matters. Other than as disclosed herein, the Company has not received any indication of insider participation in the Offering.

 

The Company intends to use the net proceeds for general working capital and corporate purposes and to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” under the Income Tax Act (Canada).

The Common Shares and Warrants issued pursuant to the Offering will be subject to a regulatory hold period of four months and one day from the date of issuance. The Offering remains subject to final Canadian Securities Exchange acceptance of requisite regulatory filings.

ABOUT STREADRIGHT CRITICAL MINERALS INC.

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration projects that can be brought into production within the critical mineral space. 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:

Matt Lewis

CEO & 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.‎

Not for distribution to United States Newswire Services or for dissemination in the United States