Steadright Critical Minerals Inc. (CSE: SCM) has announced that exploration is underway at its Péribonka Rare Earth Element and Niobium Carbonatite Target in the Saguenay–Lac-Saint-Jean Region of Québec. The project sits within the same district as the Niobec Mine, Canada's only producing niobium mine. The company has also disclosed a second amendment to a shareholders' agreement governing its Moroccan entity, NSM Capital SARL. Investors may be watching for drill target definition as airborne survey results are expected in the coming weeks.

Key Points

  • Steadright Critical Minerals Inc. (CSE: SCM) is a mineral exploration company based in Muskoka, Ontario
  • A helicopter-borne magnetic and gamma-ray spectrometric survey covering 622 line-kilometres at 50 m line spacing has been completed over all 37 claims at the Péribonka Project
  • The Péribonka anomaly has never been drilled; no carbonatite or REE-niobium mineralisation has been confirmed to date
  • Investors should watch for survey results and interpretation, expected in the coming weeks, which will be used to define targets for the first drill test

Péribonka Airborne Survey Covers 622 Line-Kilometres Ahead of First Drill Test

Steadright confirmed that a helicopter-borne high-resolution magnetic and gamma-ray spectrometric survey has been flown over all 37 claims at the Péribonka Project, conducted under the guidance of Magnor Exploration. The survey covered 622 line-kilometres at 50 m line spacing. Results and interpretation are expected in the coming weeks and will be used to define targets for the first drill test of the Péribonka anomaly. The company notes that the Péribonka target lies beneath sand and gravel cover and has never been drilled, with no carbonatite or REE-niobium mineralisation confirmed at the project to date.

Péribonka's Geophysical Signature and Its Position in Québec's Niobium Corridor

The Péribonka anomaly displays a geophysical signature described as similar to known carbonatite intrusions in the Waswanipi-Saguenay corridor, the district behind all of Canada's niobium production. The Government of Québec has identified the nearby Shipshaw carbonatite as one of five priority carbonatite and alkaline systems in the province for detailed geological study. Other prioritised systems include the Saint-Honoré Alkaline Complex, home of the producing Niobec Mine; the Crevier Alkaline Intrusion; the Grand Lac Brochet Carbonatite; and the Girardville Carbonatite. The company cautions that regional context is not necessarily indicative of mineralisation at Péribonka.

NSM Capital SARL Shareholders' Agreement Amended for Second Time

Steadright and Critical Foundation Metals Inc. have signed a second amendment to the September 25, 2025 shareholders' agreement governing NSM Capital SARL, the Moroccan entity through which Steadright holds its exposure to the TitanBeach Titanium Project and Copper Valley Project. The amendment revises Articles 3.5 and 3.6, updating decision-making procedures: ordinary resolutions require shareholders holding more than half of capital, governance decisions require both shareholders' approval, extraordinary resolutions require all shareholders, and written resolutions are permitted with a minimum fifteen-day consultation period. The company disclosed that Steadright's CEO holds an indirect approximately 6% interest in CFM.