NSM Capital, Steadright’s 76.5% owned Moroccan entity, has secured a full 32% carried interest in the TitanBeach Project with Shan Tang Mining and signed an agreement with a state-owned construction firm.
On August 12th, Steadright received the Mining License for the TitanBeach One Project through NSM Capital Sarl, a key de-risking moment on the path to development.
Since our last note, SCM expanded the TitanBeach land package by ~32km2 (free of NSR).
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SCM: TitanBeach Mining License Granted & Cooperation Agreement Announced