Steadright unit NSM Capital secures 32% carried stake in Morocco TitanBeach titanium project

Reuters2026/08/18 12:15

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Steadright outlined a framework deal for Morocco’s TitanBeach titanium heavy-mineral sands project, targeting pilot-plant operations with an SOE partner.
NSM Capital, 76.5%-owned by Steadright, secured a non-dilutive 32% full carried interest in the project’s development.
TitanBeach covers 192 sq. km, including a 16 sq. km area converted into a permitted mining concession for coastal-waters HMS recovery.
The SOE partner will run the pilot plant, shape the long-term mining plan, and consider added beneficiation equipment under the July 10, 2026 agreement.
Steadright’s effective indirect exposure to the carried interest is about 24.5% through its stake in NSM.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steadright Critical Minerals Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202608180815TNWSWRCACNPR_____1k1vF9PR9) on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Steadright unit NSM Capital secures 32% carried stake in Morocco TitanBeach titanium project

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