Explanation ON Mcto Request – Moroccan Lawyers Strike
EXPLANATION ON MCTO REQUEST – MOROCCAN LAWYERS
STRIKE
July 22th, 2026 –- Muskoka - Ontario – Steadright Critical Minerals Inc. (CSE: SCM)
(“Steadright” or the “Company”), in relation to its requested MCTO, the company wants
to note that the only reason an MCTO was requested is due to a nationwide lawyers
strike in Morocco, which has slowed down the company’s audit process.”
Here is a link to two articles, which will add some colour.
Why are Moroccan Lawyers Still on Strike After Parliament Passed the Legal
Profession Bill?
https://jinhaagency.com/en/law/why-are-moroccan-lawyers-still-on-strike-after-
parliament-passed-the-legal-profession-bill-39582
Moroccan lawyers consider Royal arbitration as they extend strike over legal
profession law
https://en.hespress.com/142274-moroccan-lawyers-consider-royal-arbitration-as-they-
extend-strike-over-legal-profession-law.html
States Steadright CEO, Matt Lewis: “We consider the proper running of our company
and the audit process as reputational – and something that must always be done to the
highest of standards. The audit process has gone a little slower than expected due to
the lawyers strike, but we feel very confident in our people and in our process.”
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: [email protected]
Tel: 1-905-410-0587
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.
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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
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under the U.S. Securities Act and applicable state securities laws, unless an exemption
from such registration is available.