TitanBeach Mining Project Framework Agreement

Steadright Critical Minerals Inc. announced that its Moroccan subsidiary NSM Capital SARL has secured a full 32% carried interest in the TitanBeach Titanium Project in Morocco. The interest was finalized with Homme Construction, a Moroccan company, and carries no dilution risk or further cost obligations. NSM Capital and Homme Construction formed a special purpose vehicle, Shan Tang Mining, into which the TitanBeach claims were transferred. Shan Tang Mining then signed a Framework Cooperation Agreement with a State-Owned Enterprise engineering and construction group for planning, design, permanent works, and operations and maintenance. The agreement includes a pilot plant operation and development of a long-term mining strategy. The TitanBeach project covers 192 sq. km, with a 16 sq. km area converted to a permitted mining concession, the first mining license for coastal-waters heavy mineral sands recovery in the Atlantic Ocean. The environmental permit is awaiting final signature. Steadright holds a 76.5% interest in NSM Capital, giving it an effective ~24.5% attributable interest in the project.