Steadright Critical Minerals Announces Proposed Acquisition of 1302990 B.c. Ltd.
STEADRIGHT CRITICAL MINERALS ANNOUNCES PROPOSED ACQUISITION OF 1302990 B.C.
LTD.
Not for distribution to United States Newswire Services or for dissemination in the
United States
Muskoka, Ontario , May 28th, 2024 : Steadright Critical Minerals Inc . (the " Company") (CSE:SCM) is
pleased to announce that it has entered into an arm’s length share exchange agreement (the
"Agreement") dated May 2 7th, 2024, with 1302990 B.C. Ltd. ("BCCo") and the shareholders of BCCo
(collectively, the "Vendors"), pursuant to which the Company will acquire all of the issued and outstanding
shares in the capital of BCCo (the "Vendor Shares") from the Vendors (the "Acquisition"). BCCo is a private
company incorporated pursuant to the laws of the Province of British Columbia and owns a 100%
undivided interest in the Saint Gabriel Project (the "Property"). which is comprised of Silica based claims
in Quebec, Canada.
As consideration for the Acquisition, the Company shall : (i) issue the Vendors an aggregate of 5,500,000
common shares (each, a "Common Share") in the capital of the Company at a deemed price of $0.045 per
Common Share; and (ii) pay the Vendors, on a pro rata basis, an aggregate of $30,000.
Pursuant to the policies of the Canadian Securities Exchange (the "CSE"), the Acquisition and the issuance
of the Common Shares remains subject to receipt of all necessary corporate and regulatory approvals,
including the approval of the CSE. All Common Shares issued will be subject to a statutory hold period of
six months plus a day from the date of issuance in accordance with applicable securities legislation.
ABOUT THE COMPANY
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 a
Anorthositic complex that is in a highly prospective geological unit and historically been under explored
for Ni, Cu, Co and precious metals.
For further information, please contact:
Simon Chapelle
Independent Director
Steadright Critical Minerals Inc.
Phone: (647)-637-8608
Email: [email protected]
Web: www.steadright.ca
Notice Regarding Forward Looking Information
This news release contains certain "forward -looking information" within the meaning of applicable
securities law. Forward looking information is frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and
other similar words, or statements that certain events or conditions "may" or "will" occur. These
statements are only predictions. Forward -looking information is based on the opinions and estimates of
management at the date the information is provided, and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ materially from those projected in the
forward-looking information. For a d escription of the risks and uncertainties facing the Company and its
business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The
Company undertakes no obligation to update forward -looking information if circumstanc es or
management’s estimates or opinions should change, unless required by law. The reader is cautioned not
to place undue reliance on forward-looking information.