Steadright Critical Minerals, Inc. (TSE:SCM) has released an update.
Steadright Critical Minerals Inc. has signed a Letter of Intent (LOI) to acquire 100% interest in 53 mineral claims on the Trout Lake Silica Claims in Ontario, spanning over 1,104 hectares. This strategic acquisition positions the company near essential infrastructure, offering access to high purity silica resources. The deal includes issuing 6.5 million common shares to the vendors at $0.04 each, subject to a four-month holding period post-issuance.
For further insights into TSE:SCM stock, check out TipRanks’ Stock Analysis page.
