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Steadright Critical Minerals, Inc. ( (TSE:SCM) ) has shared an update.
Steadright Critical Minerals Inc. has successfully completed the sale of its Saint Gabriel Silica project to Argyle Resources Corp., receiving $65,000 in cash and 300,000 common shares. This transaction aligns with Steadright’s strategic focus, while Argyle Resources is positioned to leverage its expertise to advance the project. The sale includes a 2% net smelter returns royalty, with an option for Argyle to repurchase half. Additionally, Steadright announced the appointment of Milton Baxter as Corporate Secretary and a debt-for-share settlement.
More about Steadright Critical Minerals, Inc.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. The company holds an option on its RAM property near Port Cartier, Quebec, which spans over 13,000 acres and is located within a geologically prospective area for nickel, copper, cobalt, and precious metals.
Average Trading Volume: 34,348
Technical Sentiment Consensus Rating: Buy
Learn more about SCM stock on TipRanks’ Stock Analysis page.
