Through a newly signed acquisition agreement, Steadright aims to secure up to 80% of the TitanBeach project, bolstering Morocco’s appeal in the critical minerals sector amid the reshaping of global supply chains.
The Canadian company, Steadright Critical Minerals, has signed a letter of intent to acquire up to 80% of the TitanBeach mining project, located on Morocco’s Atlantic coast, according to several financial media outlets on Thursday.
This partnership highlights Morocco’s growing ability to attract investment in strategic sectors tied to critical minerals.
The site, which contains titanium dioxide classified as a critical mineral globally, is gaining strategic importance as nations seek to diversify supply sources beyond China-dominated circuits.
The agreement includes an initial investment of $350,000 (about €326,000), paving the way for potential production, pending confirmation of the site’s resource viability.
With this development, Morocco continues to draw high-value-added mining projects, further strengthening its positioning in tomorrow’s critical mineral markets.
Steadright’s announcement reflects a broader wave of international interest in Morocco’s resource potential, driven by the global energy transition and efforts to reconfigure supply chains.
SL/ac/sf/lb/gik/APA