Canadian group Steadright Critical Minerals has reached a new milestone in the development of its mining portfolio in Morocco. Its subsidiary, NSM Capital SARL, obtained on August 13 a mining permit covering approximately 16 km² for the TitanBeach Titanium Beach One project, located in the Tan-Tan region.
The authorization marks the transition of part of the project from the exploration phase to an asset now covered by a mining title. NSM Capital is 76.5% owned by Steadright, a Canadian company listed on the Canadian Securities Exchange under the ticker SCM.
The authorized area covers approximately four kilometres by four kilometres. However, it forms part of a much larger exploration package: Steadright indicates that, through NSM Capital, it holds exploration rights covering more than 192 km² around TitanBeach.
For the Canadian group, the significance of the operation goes beyond securing a mining title over a limited area. The permit represents the first concrete administrative and operational step in the development of a Moroccan portfolio that Steadright is gradually seeking to advance toward mining and, ultimately, extraction activities.
TitanBeach Enters a New Phase
Matt Lewis, Chief Executive Officer of Steadright, considers the granting of the permit a major milestone for both the group and its Moroccan subsidiary. The company now intends to continue its fieldwork and collect additional technical data to further assess the asset’s potential.
NSM Capital, for its part, describes the authorization as a decisive stage in the development of TitanBeach. Its General Manager, L. Jouak, considers that the permit provides the necessary framework to advance a large-scale mineral project.
According to the company, the project could eventually pave the way for new investments and the development of industrial activities in Morocco. At this stage, however, no new resource estimate, investment amount or production schedule has been disclosed.
This distinction is important: a mining permit does not in itself constitute a decision to commence mining operations. Rather, it provides NSM Capital with a more advanced legal and operational framework to continue evaluating and developing the project.
An Expanding Moroccan Portfolio
TitanBeach is one of Steadright’s key Moroccan assets. The group also has exposure to the Copper Valley project, while a binding agreement concerns the former Goundafa mine, which, according to the company, already benefits from a mining permit.
Founded in 2019, Steadright focuses on critical minerals and aims to develop projects capable of progressing from exploration to extraction.
The group had already published, in September 2025, results from fieldwork conducted at TitanBeach Titanium. These findings provide an initial technical basis for continuing the project’s evaluation.
With the Beach One permit, Steadright now has its first 16 km² mining perimeter within its broader Moroccan exploration portfolio, which extends across more than 192 km².
Morocco at the Heart of Steadright’s Growth Strategy
The operation also highlights the growing interest of international mining investors in Morocco’s geological potential. For NSM Capital, the next phase will involve deepening technical studies and determining the conditions required to transform identified mineral resources into a commercially viable industrial project.
The company acknowledged the support of local authorities, particularly the Wali of Guelmim and the President of the Tan-Tan Municipal Council, throughout the process leading to the granting of the permit.
Steadright has also reiterated its interest in the development of Morocco’s mining sector and in the opportunities offered by the Kingdom in the field of critical minerals, which have become increasingly strategic for the energy transition, advanced technologies and electrification industries.
With TitanBeach, the Canadian group now has an asset backed by its first mining permit, while retaining significant exploration potential around the licensed area.
Steadright’s ability to transform this mining base into a concrete, economically viable industrial project will now be the key challenge in the next phase of its expansion and development in Morocco.
