Steadright Critical Minerals Inc. (CSE: SCM) has announced that its non-brokered private placement has been upsized by $100,000 to $900,000 CAD, increasing the maximum unit issuance to 9,000,000 units. Simultaneously, the Muskoka, Ontario-based critical minerals explorer appointed capital markets veteran Tyler Burpee to its Board of Directors, effective October 15, 2026. The dual announcement signals the company is actively expanding both its financing capacity and its board-level expertise as it advances its Moroccan mineral assets.

Key Points

  • Steadright Critical Minerals Inc. (CSE: SCM) is a mineral exploration company focused on critical minerals in Morocco.
  • The non-brokered private placement has been upsized from $800,000 to $900,000 CAD, with units priced at $0.10 each.
  • Each unit comprises one common share and one warrant exercisable at $0.16 per share for 24 months following closing; securities carry a four-month-and-one-day statutory hold period.
  • Investors may be watching for Canadian Securities Exchange regulatory approval and confirmation of closing, as well as the impact of insider participation in the offering.

Upsized Offering Terms and Use of Proceeds

The revised offering allows Steadright to issue up to 9,000,000 units at $0.10 per unit, with each unit consisting of one common share and one warrant to acquire an additional common share at $0.16 for a period of 24 months from the closing date. The company states proceeds will be directed toward general working capital, corporate purposes, and potential strategic initiatives. The offering remains subject to regulatory approval from the Canadian Securities Exchange, and the company has noted it may pay finders' fees to eligible parties in accordance with applicable securities laws. Insiders are participating in the placement.

Tyler Burpee Joins Steadright's Board of Directors

Tyler Burpee was appointed Director effective October 15, 2026, bringing over 15 years of experience in capital markets advisory, corporate development, and deal origination within the junior mining and critical minerals sectors. He currently serves as CEO and Director of Catalyst Mines Inc., which is advancing cobalt, nickel, and chromium assets in Morocco's Anti-Atlas Mountains, and as a Director of Gold Strategy Inc. (TSX-V: GST). Since 2013, Burpee has been a Partner at Fallon Capital, and previously served as Vice President of Prince Arthur Capital and began his career at Norvista Resources.

Steadright's Moroccan Asset Portfolio and Strategic Context

Steadright holds exposure to its Moroccan projects through NSM Capital Sarl, encompassing over 192 square kilometres of mineral exploration claims under the TitanBeach Titanium Project and the Copper Valley Project. The company also holds a binding memorandum of understanding for the historic Goundafa Mine in Morocco. Burpee's existing ties to Moroccan critical minerals development through Catalyst Mines may provide strategic alignment with Steadright's exploration focus. The immediate share price impact was not clear from available public information.