Canadian miner in talks with global buyers over Moroccan titanium project

Canadian mining company Steadright Critical Minerals Inc. said Tuesday it has begun early-stage discussions with international buyers for potential future titanium supply from its Titan Beach project in Morocco.

The company said negotiations are underway ahead of a preliminary economic assessment (PEA) of the site, which is expected by mid-September 2025. The assessment is being conducted by ABG Exploration Inc., another Canadian firm.

The project has already drawn local interest, particularly from Socomis Group, a Moroccan metals trading company founded in 1958.

Socomis is reportedly among several companies discussing potential offtake agreements with Steadright.

Steadright is working to acquire an 80% stake in the TitanBeach 1 mining license under a letter of intent that must be finalized by Sept. 30, 2025.

The mineral targeted for extraction, titanium dioxide (TiO₂), is considered a strategic and critical material by governments including the United States, Canada and members of the European Union.

Demand for the compound, used in aerospace, electronics and renewable energy sectors, continues to grow as global supply remains constrained.

Steadright CEO Matt Lewis said early interest from buyers could reduce financial risk and speed up development. “Given the pace of progress, it makes sense to engage with interested buyers now,” he said in a statement.

If successful, the Titan Beach project would bolster Morocco’s reputation as a growing hub for investment in critical minerals.

Though not yet a major titanium producer, Morocco is believed to hold untapped ilmenite reserves in regions such as Guelmim-Oued Noun and the country’s southern coastline.

Those areas have seen growing attention from foreign exploration companies in recent years as Morocco pushes to position itself as a key supplier of minerals critical to the global energy transition.