Steadright Closes First Tranche of Unit Offering and Announces CFO Appointment
November 21st, 2025 – Muskoka, Ontario – Steadright Critical Minerals Inc. (CSE:SCM)
(“Steadright” or the “Company”) is pleased to announce that it has closed the first
tranche of its previously announced non-brokered private placement (the “Offering”),
pursuant to which the Company sold 6,168,400 Units (the “Units”) in the capital of the
Company at a price of $0.22 per Unit, for aggregate gross proceeds of $1,357,048.00.
The Company intends to use the net proceeds for general working capital and corporate
purposes.
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 $0.30 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
Offering totalling $101,031.04 and a broker warrant commission equal to 8% on eligible
subscriptions of the gross proceeds of the Offering (the “Broker Warrants”), being
459,232 Broker Warrants. The Commission was paid in accordance with the policies of
the Canadian Securities Exchange and relevant Canadian securities laws.
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.
The Company is also pleased to announce that it has appointed Mr. Carmelo Marrelli as
the Chief Financial Officer of the Company effective the date hereof.
Mr. Marrelli is the principal of Marrelli Support Services, Inc., a Toronto firm that has
delivered accounting and regulatory compliance services to listed companies on the
Toronto Stock Exchange, TSX Venture Exchange, the Canadian Securities Exchange
and other exchanges, as well as non-listed companies for over thirty years. In addition,
Mr. Marrelli beneficially controls DSA Corporate Services LP, a firm that provides
corporate secretarial and regulatory filing services and Marrelli Trust Company Limited, a
provincially registered trust company, offering transfer agent services.
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 projects that can be brought
into production within the critical mineral space. Steadright is focused on near term
production in Morocco. Steadright currently is also renegotiating an option on the RAM
property near Port Cartier, Quebec within the Côte-Nord Region, which is accessible by
Route 138. The RAM project is comprised of over 11,000 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: [email protected]
Website: www.steadright.ca
Phone: 1-905-410-0587
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 forwardlooking 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.