STEADRIGHT CRITICAL MINERALS INC. Steadright Critical Minerals Inc. announced that it has signed an LOI for 53 Mineral claims with over 1,104 hectares known as the Trout Lake Silica Claims, which is just North of Sault Ste. Marie in Ontario on July 2 nd, 2024, for 100% undivided interest in the claims. The newly acquired Trout Lake Property has been tested in the past for high purity silica and is in very close proximity to the rail line and to international water way connections in Sault Ste. Marie, Ontario.
As consideration for the Acquisition, the Company shall: (i) issue the Vendors an aggregate of 6,500,000 common shares (each, a "Common Share") in the capital of the Company at a deemed price of $0.04 per Common Share. Once the acquisition is completed, the issuance of the Common Shares issued will be subject to a hold period of four months from the date of issuance.
