# Steadright Raises Private Placement Target to C$900,000

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/33590
Published: 2026-10-17T00:11:15.000Z
Updated: 2026-10-17T00:11:15.000Z
Section: Business

> The nonbrokered offering covers up to 9 million units. Steadright also appointed Tyler Burpee to its board, effective Oct. 15, 2026.

Steadright Critical Minerals Inc. (OTC: SCMNF) raised its nonbrokered private placement target by C$100,000 to C$900,000, with proceeds intended for working capital, corporate purposes and potential strategic initiatives.

The offering covers up to 9 million units priced at C$0.10 each. A unit contains one common share and a warrant carrying a C$0.16 exercise price and a 24-month term. Company insiders will participate.

Steadright also appointed Tyler Burpee as a director, effective Oct. 15, 2026. Burpee serves as CEO and a director at Catalyst Mines Inc. He also sits on Gold Strategy Inc.'s board and is a partner at Fallon Capital.