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Steadright Critical Minerals, Inc. ( (TSE:SCM) ) just unveiled an update.
Steadright Critical Minerals reported that a Moroccan geological team from NSM Capital Sarl, alongside a Canadian earthworks contractor, conducted on-site field assessments at the Copper Valley copper-lead-silver project in Morocco from February 2 to 6, 2026. The work focused on evaluating road networks for haulage, assessing required upgrades, and examining test pits to confirm material characteristics and logistics for initial extraction.
The visit follows the transfer process of a mining license and environmental permit previously applied for by the former owner EMTF Sarl, which are now being moved into NSM Capital Sarl, where Steadright holds a controlling interest. Management expects receipt of the mining license within weeks, positioning the Copper Valley project for the start of testing operations and reinforcing Steadright’s broader push to rapidly advance its Moroccan portfolio of four properties toward production.
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 Canadian mineral exploration company founded in 2019 that focuses on advancing near-term production opportunities in Morocco’s critical minerals sector. Through its Moroccan entity NSM Capital Sarl, in which it holds a 75% stake, the company has exposure to over 192 sq km of claims at the TitanBeach Titanium Project and has signed a binding MOU for the historic Goundafa Mine, underscoring its strategy to fast-track historical and exploration-stage assets toward production.
Average Trading Volume: 140,444
Technical Sentiment Signal: Buy
Find detailed analytics on SCM stock on TipRanks’ Stock Analysis page.