Blockchain Registration Transaction Record

Steadright Secures Historic Moroccan Mine with Critical Minerals Potential

Steadright Critical Minerals signs MOU for historic Goundafa polymetallic mine in Morocco, targeting copper, zinc, lead, silver & gold resources in critical minerals hotspot.

This development matters because it represents a strategic move to secure critical mineral resources essential for the global energy transition and technological advancement. Copper and zinc, both present in the Goundafa Mine, are classified as critical minerals by multiple nations due to their importance in renewable energy infrastructure, electric vehicles, and electronics manufacturing. With growing supply chain disruptions and increasing competition for these metals, successful development of this historic mine could contribute to diversifying global supply sources beyond traditional mining regions. For investors and industry observers, this project demonstrates how junior mining companies are leveraging historical mining data and modern exploration techniques to potentially bring new resources online in mining-friendly jurisdictions, potentially creating new supply streams for metals crucial to decarbonization and technological innovation.