Critical Minerals: Canada’s Steadright upbeat over Morocco’s titanium project

Canadian Company,Steadright Critical Minerals,announced on Thursday that a MOU has been signed with the shareholders of NSM Capital,a Moroccan company,that controls 160 sq. km’s of contiguous mineral exploration licenses that contain highly prospective Titanium Dioxide (TiO2) which is classified as a Critical & Strategic Mineral in the U.S.,Canada,Europe,and other countries in the World.

Steadright can earn up to 80% in the TitanBeach Titanium Project,which are contiguous mineral exploration licenses in the Cape Juby Strip known for its Titanium-rich beach sands on the Atlantic coastline of Morocco.

There has been a number of academic studies on the economic potential of the Moroccan beach sands and as Rutile TiO₂ has seen a steady increase in price as other critical minerals have,due to similar factors in the marketplace,Steadright firmly believes that the investment environment for mining in Morocco is now.

In recent years,factors including increased demand,supply chain disruptions,rising raw material costs,and major suppliers such as China increasing export prices.

Trade wars and regulations impacting global trade have also played a role in supply chain disruptions and price fluctuations,contributing to the overall price hike. With only a few world suppliers in the world dominating the market,TiO2 is in larger demand.

Steadright CEO Matt Lewis said: “Morocco has a growing economy and is friendly to mining,which holds a lot of critical minerals. The 5-year tax free incentive for Mineral Producers is a prime example of a friendly,safe and secure jurisdiction that wants miners to succeed and help continue to grow a prosperous Moroccan economy. I am very excited about the potential of Morocco and the TitanBeach Titanium Project.”

Titanium and its compounds are crucial for aerospace (aircraft frames,jet engines),defense (missiles,armor),and medical applications (implants,artificial joints).

Titanium’s high strength-to-weight ratio and resistance to corrosion make it valuable for these sectors. The market of Titanium is expanding,driven by its increasing use in various industries.