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Steadright Critical Minerals, Inc. ( (TSE:SCM) ) has issued an announcement.
Steadright Critical Minerals Inc. has entered into a Memorandum of Understanding (MOU) to acquire two additional exploration licenses for its TitanBeach Titanium Project in Morocco, expanding its exploration area by 32 square kilometers. This strategic move, involving a payment of up to $150,000 USD, aims to bolster the company’s position in the titanium market, a critical and strategic mineral in high demand globally. The company, which holds a significant stake in NSM Capital Sarl, plans to commence an extensive exploration program in November 2025, with the support of Moroccan officials and local teams, highlighting the importance of government collaboration in its operations.
Spark’s Take on TSE:SCM Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCM is a Underperform.
Steadright Critical Minerals, Inc. exhibits severe financial weaknesses, with no revenue, negative equity, and poor cash flow management. Technical analysis suggests overbought conditions, which could lead to a price correction. Valuation is challenging due to the absence of earnings, contributing to a low overall score.
To see Spark’s full report on TSE:SCM stock, click here.
More about Steadright Critical Minerals, Inc.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019, focusing on projects that can be brought into production within the critical mineral space. The company is actively pursuing near-term production opportunities in Morocco and is also involved in a project in Quebec, Canada, targeting various minerals including nickel, copper, and cobalt.
Average Trading Volume: 145,791
Technical Sentiment Signal: Buy
For a thorough assessment of SCM stock, go to TipRanks’ Stock Analysis page.