Steadright Critical Minerals Announces Consolidation
STEADRIGHT CRITICAL MINERALS ANNOUNCES CONSOLIDATION
Muskoka, Ontario , January 8, 2024 : Steadright Critical Minerals Inc . (the " Company") (CSE:SCM)
announces that, on January 12, 2024, it will be effecting a share consolidation of its issued and outstanding
common shares ("Common Shares") on a one (1) post-consolidation Common Share for every two (2) pre-
consolidation Common Shares (the " Consolidation”). Shareholders of the Company approved the
Consolidation at the Company's annual and special shareholder meeting held on December 28, 2023.
In relation to the Consolidation, the Company has obtained a new CUSIP ( 857868202) and ISIN
(CA8578682020). There is no name change or stock symbol change in connection with the Consolidation.
The Consolidation is subject to the approval of the Canadian Securities Exchange (the " CSE"). The
Company’s common shares are expected commence trading on the CSE on a consolidated basis on or
about market open on January 12, 2024 under the Company's existing symbol "SCM".
The Consolidation will reduce the number of outstanding Common Shares from 16,653,117 to
approximately 8,326,558. The exercise or conversion price and the number of Common Shares issuable
under any of the Company's outstanding stock options or Common Share purchase warrants will be
proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof. No
fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that
would have otherwise been issued will be rounded down to the nearest whole number.
Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company
or other intermediary should contact that nominee or intermediary for assistance in depositing their
Common Shares in connection with the Consolidation.
ABOUT THE COMPANY
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright
currently holds an option on its Nickel-Copper 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:
Steadright Critical Minerals
(647) 637-8608
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.