202611 releases
Stillwater Critical Minerals Files NI 43-101 Technical Report for the Updated Stillwater West Mineral Resource Estimate in Montana, USA
An NI 43-101 technical report dated October 16, 2026 has been filed for the updated mineral resource estimate at the 100%-owned Stillwater West project in Montana, USA, prepared by Mine Technical Services with QPs Timothy O. Kuhl and Dr. Ted Eggleston. The estimate, unchanged from the August 27, 2026 announcement, includes a first Indicated resource of 29.4 Mt grading 0.38% NiTEq and 805.1 Mt grading 0.34% NiTEq Inferred at a 0.20% NiTEq cut-off, plus 6.6 billion pounds of Inferred chromium.
Resource updateStillwater Critical Minerals Upgrades to OTCQX Best Market, Expanding U.S. Market Presence
Trading on the OTCQX Best Market began today under the existing U.S. ticker PGEZF, an upgrade from the OTCQB Venture Market, with the company continuing to trade on the TSX Venture Exchange under PGE. Stillwater Critical Minerals is advancing its 100%-owned Stillwater West Ni-PGE-Cu-Co-Cr + Au project in Montana, where an NI 43-101 Mineral Resource Estimate was released in August 2026. CEO Michael Rowley will present at an OTC Markets virtual investor conference on October 15, 2026 at 12:30 p.m. ET.
CorporateStillwater Critical Minerals More Than Doubles Stillwater West Inferred Mineral Resource and Establishes Maiden Indicated Resource
An updated NI 43-101 mineral resource estimate for the Stillwater West project in Montana, USA, effective August 27, 2026, reports 805.1 million tonnes of Inferred resources grading 0.34% nickel equivalent and a maiden 29.4 million tonnes of Indicated resources grading 0.38% NiTEq, at a 0.20% NiTEq cut-off. Combined contained metal totals 3.01 Blbs nickel, 1.52 Blbs copper, 283 Mlbs cobalt, 2.28 Moz platinum, 3.97 Moz palladium, 864 Koz gold and 310 Koz rhodium, plus 6.6 Blbs Inferred chromium. A technical report will be filed within 45 days.
Resource updateStillwater Critical Minerals Expands 2026 Exploration Program and Provides Project Update
Stillwater Critical Minerals has commenced its largest exploration program to date at the 100%-owned Stillwater West project in Montana, adding a third drill rig and mobilizing field crews, with drilling targeting resource expansion at Chrome Mountain and Iron Mountain. Fleet Space Technologies has been engaged for an Ambient Noise Tomography survey and Simcoe Geoscience for infill Induced Polarization lines. An updated Mineral Resource Estimate is in the final stages of estimation and independent review, following the January 2023 MRE.
Drill resultsStillwater Mobilizes for Largest Exploration and Resource Expansion Program to Date at Stillwater West, Montana, USA
Contractors have been retained and drill rig mobilization is expected shortly for the company's largest exploration and resource expansion program to date at the 100%-owned Stillwater West Ni-PGE-Cu-Co-Cr + Au project in Montana. The 2026 program targets expansion of near-surface resources at Chrome Mountain and Iron Mountain, follow-up drilling on district-scale geophysical and geological targets, ground geophysical surveys, and testing of sulphide zones in the lower Stillwater Igneous Complex. An updated Mineral Resource Estimate is expected in the near term.
Drill resultsStillwater Reports Rhodium Results and Highlights Defined Chromium at Stillwater West, Montana, USA
Rhodium assays from the 2025 resource expansion drilling at the 100%-owned Stillwater West project in Montana returned up to 0.167 g/t Rh over 1.22 m from 358 m depth in hole CM2025-01, a second interval of 0.107 g/t Rh over 1.22 m from 388 m, and 1.22 m at 0.148 g/t Rh from 272 m in IM2025-01, to be incorporated into an updated Mineral Resource Estimate targeted for the first half of 2026. The project also hosts a defined 2.3 billion pounds of contained chromium. Stillwater granted 2,715,000 options to directors and officers at $0.32 per share, exercisable for five years.
Drill resultsStillwater Critical Minerals to Present at the Precious Metals & Critical Minerals Virtual Investor Conference May 7th
President and CEO Michael Rowley will present live at the Precious Metals & Critical Minerals Virtual Investor Conference hosted by VirtualInvestorConferences.com on May 7, 2026 at 11:00 AM ET, with one-on-one meetings available May 6-12 and an archived webcast after the event. Stillwater Critical Minerals is fully funded for its 2026 resource expansion drill campaign at the 100%-owned Stillwater West Ni-PGE-Cu-Co + Au project in Montana, with an updated mineral resource estimate targeted for H1 2026 and rhodium assays pending.
CorporateStillwater Critical Minerals Reports Wide Polymetallic Expansion Drilling Including 40.8 Meters at 1.0 g/t Palladium, Platinum and Gold, within Nickel-Copper-Cobalt Sulphide Mineralization at Stillwater West, Montana, USA
A second tranche of 2025 drill results from the 100%-owned Stillwater West project in Montana included CM2025-01 with 204.1 m at 0.22% recovered NiEq from 277.4 m, 40.8 m at 1.03 g/t 3E (Pt+Pd+Au) from 329.2 m, and IM2025-02 with 4.3 m at 1.36% NiEq from 487.7 m. The 2025 program totalled eight holes and 3,471 meters at Chrome Mountain and Iron Mountain; rhodium assays are pending and an updated resource estimate is targeted for the first half of 2026.
Drill resultsStillwater Critical Minerals Exhibiting at Booth 2724 and Core Shack 3116B at the PDAC 2026 Convention in Toronto, March 1-4
Stillwater Critical Minerals will exhibit at Booth #2724 at the PDAC 2026 Convention in Toronto, March 1–4, 2026, sharing the booth under The Metallic Group with Metallic Minerals Corp. Drill core from the 2025 resource expansion campaign at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana will be shown in Core Shack #3116B on March 3 and 4. CEO Michael Rowley is also scheduled to attend events in Toronto, Zurich, Washington, D.C. and Ft. Lauderdale through May 2026.
CorporateStillwater Critical Minerals Reports Wide and High-Grade Near-Surface Ni-Cu-Co-PGE-Au Sulphide Mineralization Extending CZ Deposit at Stillwater West Project in Montana, USA
Two holes at the CZ deposit area of the Stillwater West project in Montana returned near-surface sulphide mineralization, with CZ2025-01 cutting 201.6 m at 0.20% recovered NiEq from 16.9 m, including 4.0 m at 0.76% NiEq from 43.3 m, and CZ2025-02 cutting 106.1 m at 0.34% NiEq from 12.2 m, including 4.9 m at 0.73% NiEq from 75.9 m. Assays are pending from six of the eight holes (3,471 m), with an updated mineral resource estimate targeted for H1 2026.
Drill resultsStillwater Critical Minerals Announces Participation in Red Cloud's Pre-PDAC Mining Showcase
Participation in the Red Cloud Pre-PDAC Mining Showcase, held February 26-27, 2026 at The Omni King Edward Hotel in Toronto, was confirmed. President and CEO Michael Rowley will present on February 26 at 2:40pm Eastern Standard Time in the Sovereign Room, covering company strategy, recent developments and next-phase catalysts at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana, USA. Rowley is also scheduled to attend events including PDAC 2026, the SMI Conference in Zurich and the SAFE Summit 2026.
Corporate
202523 releases
Stillwater Critical Minerals Announces Closing of Bought Deal Financing for Gross Proceeds of C$17 Million
A bought deal private placement closed for gross proceeds of C$17,000,220, including full exercise of the over-allotment option, through the sale of 36,957,000 units at C$0.46 per unit, each unit comprising one common share and half a warrant exercisable at C$0.64 until December 30, 2028. Net proceeds are earmarked for exploration and advancement of the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, plus working capital. Underwriters received C$987,114 in cash fees and 2,145,900 broker warrants; final TSXV approval is pending.
FinancingStillwater Critical Minerals Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million
A bought deal LIFE private placement of 21,740,000 units at C$0.46 per unit for gross proceeds of C$10,000,400 has been agreed with Red Cloud Securities as co-lead underwriter and sole bookrunner and Research Capital Corporation as co-lead underwriter. Each unit comprises one common share and one-half warrant exercisable at C$0.64 for 36 months, with an over-allotment option for up to 4,348,000 additional units for up to C$2,000,080. Proceeds will fund the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, with closing expected around December 30, 2025.
FinancingStillwater Critical Minerals Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million
A previously announced bought deal LIFE private placement has been upsized from C$10,000,400 to gross proceeds of C$15,000,140, comprising 32,609,000 units at C$0.46 per unit, each unit including one common share and one-half warrant exercisable at C$0.64 for 36 months. Underwriters Red Cloud Securities and Research Capital have an over-allotment option for up to 4,348,000 additional units for up to C$2,000,080. Proceeds will fund the Stillwater West Ni-PGE-Cu-Co+Au project in Montana and general corporate purposes, with closing expected around December 30, 2025.
FinancingStillwater Critical Minerals Provides Corporate Update
No undisclosed material change or company-specific development accounts for the recent decline in the company's share price, which it attributes to broader market volatility. All assay results from the recent drill program at the Stillwater West project in Montana are pending, and Mine Technical Services has been engaged to incorporate 14 drill holes from the past two campaigns plus select historic holes into an updated Mineral Resource Estimate, as announced October 27, 2025.
CorporateStillwater Critical Minerals Announces Participation in Red Cloud’s 2025 Fall Mining Showcase in Toronto
Stillwater Critical Minerals will present at Red Cloud's Fall Mining Showcase 2025, held in person at the Sheraton Centre Toronto Hotel on November 4 and 5, 2025. President and CEO Michael Rowley is scheduled to present on November 5 at 2:00 PM Eastern Standard Time. The company's flagship asset is the Stillwater West Ni-PGE-Cu-Co + Au project in Montana, U.S.A.
CorporateStillwater Critical Minerals Engages Mine Technical Services to Complete an Updated Mineral Resource Estimate at Stillwater West in Montana, USA
Mine Technical Services has been engaged to complete an updated NI 43-101 Mineral Resource Estimate for the 100%-owned Stillwater West Ni-Cu-Co-PGE-Au project in Montana, USA, with results expected in H1 2026. The update will build on the January 25, 2023 Inferred estimate and incorporate 14 drill holes totaling 5,781 metres from the 2023 and 2025 programs plus select historic holes. The 2025 drill campaign is complete at 3,471 m in eight holes, with assays pending.
Resource updateStillwater Critical Minerals Provides Update on Corporate, Exploration, and Development Activities
Drilling at the 100%-owned Stillwater West Ni-PGE-Cu-Co+Au project in Montana, USA has completed over 3,100 metres in 2025 with two rigs at Chrome Mountain and Iron Mountain, including holes to approximately 708 m and 692 m and first use of downhole geophysics; assays are pending and will support an updated mineral resource estimate in H1 2026. The company closed $8.78 million in private placements on August 13, 2025, including a third Glencore investment, and granted 1,200,000 options at $0.30.
CorporateStillwater Critical Minerals Closes Non-Brokered Private Placement Financing for Gross Proceeds of $8.78 Million
Gross proceeds of more than $8.78 million have been raised across three financings since June 25, 2025, comprising a $7 million brokered LIFE offering, a $401,976.06 non-brokered placement of 1,747,722 units at $0.23 closing August 12, 2025, and Glencore Canada's $1,380,000 purchase of 6,000,000 units at $0.23 closing August 13, 2025. Each unit includes a half warrant exercisable at C$0.34 for 36 months. Proceeds will fund the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, a smaller program at Kluane in Yukon, and working capital. Directors and officers took 294,002 units.
FinancingStillwater Critical Minerals Announces Additional Upsize to Non-Brokered Private Placement Financing
A non-brokered private placement first announced July 15, 2025 and upsized July 28, 2025 has been further increased by 210,038 units at C$0.23 per unit for an additional C$43,308.74, bringing the total to 1,856,418 units for gross proceeds of C$426,976.14, with each unit including a half warrant exercisable at C$0.34 for 36 months. Glencore Canada intends to exercise participation rights to acquire 6,000,000 units for C$1,380,000. Proceeds will fund the Stillwater West project in Montana and Kluane in Yukon, with closing expected around August 12, 2025.
FinancingStillwater Critical Minerals Announces Upsize to Non-Brokered Private Placement Financing
A follow-on non-brokered private placement first announced July 15, 2025 has been upsized to up to 1,646,380 units at C$0.23 per unit for gross proceeds of up to C$378,667.40, with each unit including a half warrant exercisable at C$0.34 for 36 months. Closing is set for on or around July 31, 2025, subject to TSXV acceptance, with officers and directors participating and Glencore Canada intending to exercise participation rights. Proceeds will fund the Stillwater West project in Montana, the Kluane project in Yukon, and working capital.
FinancingStillwater Critical Minerals Closes Final Tranche of Brokered LIFE Offering for Aggregate Gross Proceeds of C$7.0 Million
The final tranche of a brokered LIFE private placement closed with 15,307,980 units sold at C$0.23 per unit for gross proceeds of approximately C$3,520,835, bringing the aggregate offering to 30,434,782 units for about C$7,000,000, including full exercise of the agent's option. Each unit includes one common share and one-half warrant exercisable at C$0.34 until July 15, 2028; Red Cloud Securities acted as sole agent. A follow-on non-brokered placement of up to 1,000,000 units at C$0.23 is planned, with Glencore Canada indicating it will exercise participation rights. Proceeds are earmarked for the Stillwater West project in Montana and the Kluane project in Yukon.
FinancingStillwater Critical Minerals Closes First Tranche of Brokered LIFE Offering for Gross Proceeds of C$3.5 Million
The first tranche of a brokered "best efforts" LIFE private placement closed for gross proceeds of C$3,479,164 through the sale of 15,126,802 units at C$0.23 per unit, each unit comprising one common share and one-half warrant exercisable at C$0.34 until June 25, 2028. Red Cloud Securities, sole agent and bookrunner, received C$241,493.20 in cash fees and 714,840 broker warrants. Proceeds are earmarked for the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, the Kluane project in Yukon, and working capital. Glencore Canada intends to exercise its pro-rata participation rights, with final closing expected on or before June 30, 2025.
FinancingStillwater Critical Minerals Mobilizes Drill Rigs to Stillwater West Critical Minerals Project in Montana, USA
Energold Drilling has been retained and is mobilizing rigs to the Stillwater West Ni-PGE-Cu-Co + Au project in Montana, USA. The 2025 program will target expansion of drill-defined mid to high-grade polymetallic sulphide mineralization in the most advanced project areas and test adjacent priority targets from the updated geologic model announced March 26, 2025. The program follows a 2024 property-wide MobileMT survey that doubled the 3D geological model extent from 9.5 kilometers to over 20 kilometers, and is being advanced with Glencore plc and ALS GoldSpot.
Drill resultsStillwater Critical Minerals Announces Brokered Offering for Gross Proceeds of up to C$6 Million
A brokered "best efforts" private placement of up to 26,086,956 units at C$0.23 per unit for gross proceeds of up to C$6,000,000 has been agreed with Red Cloud Securities as sole agent and bookrunner, with each unit comprising one common share and half a warrant exercisable at C$0.34 for 36 months. An agent's option covers up to 4,347,826 additional units for up to C$1,000,000, and Glencore Canada intends to exercise its pro-rata participation rights. Proceeds will fund the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, with closing expected on or about June 25, 2025.
FinancingStillwater Critical Minerals Announces Participation in THE Mining Investment Event of the North in Quebec City
Stillwater Critical Minerals will participate in THE Mining Investment Event of the North in Quebec City from June 3 to 5, 2025, where management will meet investors and industry professionals to discuss the Stillwater West polymetallic critical minerals project in Montana's Stillwater mining district. One-on-one meetings with CEO Michael Rowley can be scheduled to discuss upcoming catalysts including government initiatives and planned exploration campaigns announced March 26, 2025.
CorporateStillwater Critical Minerals Announces Grant of Long-Term Performance Incentives and Restricted Share Units
A total of 2,940,000 stock options and restricted share units have been granted to certain directors and officers under the Company's Long-Term Performance Incentive Plan, subject to TSX Venture Exchange approval. Each Option and RSU is exercisable into one common share at $0.16, based on the five-day moving average volume weighted price on the TSXV on April 17, 2025. Options vest over five years from grant; RSUs vest on the one-year anniversary of the grant.
CorporateStillwater Reports Multiple Large-Scale Polymetallic Magmatic Sulphide Targets From 2024 Geophysical Surveys in Montana’s Historic Stillwater Mining District
A property-wide MobileMT magneto-telluric survey completed in late 2024 by Expert Geophysics at the Stillwater West Ni-PGE-Cu-Co+Au project in Montana totalled 1,322 line-kilometres and generated multiple kilometre-scale coincident resistivity lows and conductive highs, extending the 3D geological model of the lower Stillwater Igneous Complex from 9.5 kilometres to 20 kilometres. Conductive anomalies below 250 ohm-m continue up to five kilometres at Chrome Mountain and seven kilometres at Iron Mountain, reaching 1,500 metres depth, and are mostly untested by drilling. Drill targets are being finalized for upcoming campaigns.
Drill resultsStillwater Critical Minerals Welcomes Executive Order to Prioritize and Accelerate Domestic Mining and Mineral Production in the United States of America
A commentary on the U.S. Executive Order signed March 20, 2025, titled Immediate Measures to Increase American Mineral Production, which invokes emergency powers including the Defense Production Act, describes funding initiatives for domestic mining projects and calls for accelerated permitting and clarifications to the Mining Act. Stillwater says it is working with Congress, the administration and government agencies to advance its Stillwater West project in Montana toward production through economic, engineering, drilling and metallurgical studies. The company is partnered on $2.75 million in Department of Energy funding.
CorporateStillwater Closes Additional Flow-Through Private Placement for the Kluane Critical Minerals Project in Yukon, Canada
A second non-brokered private placement has closed for additional proceeds of $500,001 through 3,333,340 flow-through units at $0.15 per unit, with each unit including one flow-through share and one-half warrant exercisable at $0.225 for 24 months, subject to TSX Venture Exchange approval. Warrants carry an acceleration provision if the volume weighted average price exceeds $0.34 for 20 consecutive trading days. Proceeds are for Canadian exploration expenses at the Kluane critical minerals project in Yukon, Canada.
FinancingStillwater Announces Closing of Flow-Through Private Placement for the Kluane Critical Minerals Project in Yukon, Canada
A non-brokered private placement of flow-through units closed for gross proceeds of $375,010 through the issuance of 2,500,066 units at $0.15 per unit, each comprising one flow-through share and half a warrant exercisable at $0.225 for 24 months. Directors and officers subscribed for 201,000 units totalling $30,150, and commissions of $9,299 plus 61,994 finder's warrants were paid. Proceeds will fund exploration at the Kluane critical minerals project in Yukon, Canada; final TSX-V approval is pending.
FinancingStillwater Critical Minerals Receives Payment from Heritage Mining Under Terms of Earn-In Agreement for Drayton-Black Lake Gold Project in Ontario
Heritage Mining has satisfied the requirements to earn 51% of the Drayton-Black Lake gold project in northwest Ontario, issuing Stillwater Critical Minerals 15,350,000 shares and 3,000,000 warrants, paying $170,000 in cash and completing $2.5M in exploration expenditures. Stillwater now holds about 13.3% of Heritage, or 15.5% partially diluted, and has filed an Early Warning Report. Heritage may reach 90% by issuing 1.1 million more shares and spending a further $2.5M before the fifth anniversary.
AcquisitionStillwater Announces Flow-Through Private Placement for the Kluane Critical Minerals Project in Yukon, Canada
A non-brokered private placement of up to $375,000 is planned through 2,500,000 flow-through units at $0.15 per unit, each comprising one flow-through share and one-half of a transferable non-flow-through warrant exercisable at $0.225 for 24 months, with acceleration if the VWAP exceeds $0.34 for 20 consecutive trading days. Proceeds will fund Canadian exploration expenses at the 260 square kilometre Kluane PGE-Ni-Cu project in Yukon, including geological and possible geophysical programs and data compilation to select drill targets. Insiders may subscribe.
FinancingStillwater Critical Minerals Provides Update on U.S. Federal Funding Applications
An application for U.S. federal grant funding under the Defense Industrial Base Consortium's Open Announcement 24-01, supported by a white paper on expanding U.S. critical minerals supply, was under evaluation as of November 2024. The funding would advance the Stillwater West nickel-PGE-copper-cobalt project in south-central Montana, which hosts nine U.S.-listed critical minerals. The company also began work with Lawrence Berkeley National Laboratory under a US$2 million ARPA-E grant, bringing total combined ARPA-E funding to US$2.75 million.
Corporate
202415 releases
Stillwater Critical Minerals Reports up to 1.13 g/t Rhodium in Drill Results from the Stillwater West PGE-Ni-Cu-Co + Au Project, Montana, USA, and Comments on Bipartisan Support for US Miners
Rhodium assays from resource expansion drilling at the 100%-owned Stillwater West PGE-Ni-Cu-Co + Au project in Montana returned 1.13 g/t Rh within an interval totalling 7.96 g/t Pt+Pd+Au+Rh over 1.2 metres in hole CM2023-03 from 308.8 metres, set within 14.6 metres of 1.38 g/t 4E including 0.118 g/t Rh, and 0.162 g/t Rh over 3.7 metres in CM2023-01 from 407.8 metres within 0.99 g/t 4E. The January 2023 resource defined 115,000 ounces of rhodium. Results are being incorporated into updated block models ahead of a resource update.
Drill resultsStillwater Critical Minerals Amends Agreement with Heritage Mining with Respect to Drayton-Black Lake Gold Project in Ontario
Terms of the November 25, 2021 option agreement with Heritage Mining (CSE: HML) on the Drayton-Black Lake gold project in northwest Ontario have been amended, extending Heritage's deadline to incur the final $1,000,000 in exploration expenditures for its 51% earn-in to January 25, 2025 from November 25, 2024, and extending the $5,000,000 aggregate expenditure deadline for the 90% second option to the fifth anniversary of the agreement. Heritage will issue 3,000,000 units, each with a warrant exercisable at $0.10 for 36 months, on or before January 25, 2025.
CorporateStillwater Critical Minerals Signs Letter of Intent to Sell the Duke Island Cu-Ni-PGE Project in Alaska to Granite Creek Copper
A letter of intent signed October 23, 2024 would see Granite Creek Copper acquire a 90% interest in the Duke Island Cu-Ni-PGE project in Alaska from Stillwater Critical Minerals in a non-arm's-length, all-share transaction. Terms include share units with a deemed aggregate value of C$150,000 over three years, a minimum C$500,000 work commitment over three years, and a 1% NSR to Stillwater, buyable down to 0.5% for C$1,000,000. The deal requires TSX Venture Exchange approval.
AcquisitionStillwater Critical Minerals to Present at the Emerging Growth Conference on October 30th
Stillwater Critical Minerals will present at the Emerging Growth Conference on October 30, 2024, in a live online event beginning at 3:55pm ET. President and CEO Michael Rowley will give an update on the company and its Stillwater West Ni-PGE-Cu-Co + Au project in Montana, USA, followed by a Q&A. An archived webcast will be available on EmergingGrowth.com and the Emerging Growth YouTube Channel after the event.
CorporateStillwater Critical Minerals Completes Property-Wide Geophysical Survey and Demonstrates Continuity of Mineralization Across 9.5 Kilometers in First-Ever 3D Geologic Model of the Lower Stillwater Igneous Complex in Montana, USA
A property-wide airborne geophysical survey totaling approximately 1,170 line-kilometres was completed in September 2024 at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana, comprising about 178 line-kilometres of TargetEM time-domain EM and 992 line-kilometres of MobileMT magneto-telluric surveying, with detailed results to follow. The data informed a first 3D geologic model of the lower Stillwater Igneous Complex, built from over 40,000 metres of drill data, showing mineralization continuity across 9.5 kilometres hosting five deposits containing 1.6 billion pounds of nickel, copper and cobalt and 3.8 million ounces of palladium, platinum, rhodium and gold.
Drill resultsStillwater Critical Minerals Signs MOU with US Strategic Metals
A non-binding memorandum of understanding has been signed with US Strategic Metals, a Missouri-based critical minerals processing company, to consider opportunities including marketing and lobbying collaboration with US government bodies, technical and metallurgical support, supply chain development, offtake and logistics, potential strategic financing such as an equity or debt investment in Stillwater, and introducing additional strategic partners. Stillwater's flagship asset is the Stillwater West Ni-PGE-Cu-Co project in Montana, USA.
NewsStillwater Critical Minerals Collaborates with Lawrence Berkeley National Laboratory with Funding from the US Department of Energy for Geologic Hydrogen Production at Stillwater West
A collaboration with Lawrence Berkeley National Laboratory will study the potential for geologic hydrogen production at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana. Berkeley Lab has secured U.S. $2 million from the U.S. Department of Energy's ARPA-E program for the CyclicGeoH2 project, led by Dr. Mengsu Hu with the University of California at Berkeley and the University of Texas at Austin, using rock samples from the Stillwater Igneous Complex in laboratory tests, field characterization and numerical modeling.
CorporateStillwater Critical Minerals Launches Field Programs Including Property-Wide Geophysical Survey at its Stillwater West Project in Montana, USA
2024 field activities have begun at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana, including a property-wide airborne survey by Expert Geophysics Ltd. combining a TargetEM26 time-domain electromagnetic survey and a MobileMTm magneto-telluric survey over approximately 1,069 line-kilometers. The survey, designed with Glencore plc via the Stillwater West technical committee, will refine conductive drill targets across the 12-kilometer main resource area and rank untested targets across the 61-square-kilometer property. The program is expected to include an updated mineral resource estimate.
Drill resultsStillwater Critical Minerals Drills Wide and High-Grade Nickel, Platinum, and Palladium Mineralization in Resource Expansion Drilling at Stillwater West in Montana, USA
Final drill results from the 2023 resource expansion campaign at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana include 347.3 metres at 0.20% NiEq from surface in CM2023-01, with 44.2 metres at 0.43% NiEq from 252.7m, and 386.8 metres at 0.20% NiEq in CM2023-03, which also returned 3.96 g/t Pt and 2.84 g/t Pd over 1.16m from 308.8m. Six holes totalling 2,310 metres were completed; rhodium assays are pending. The Company also granted 1,690,000 stock options at $0.14, expiring June 26, 2029.
Drill resultsStillwater Critical Minerals Appoints Glencore’s Bradley Adamson to its Board of Directors
Bradley Adamson, who leads business development for Glencore's nickel group, has been appointed as an independent director of Stillwater Critical Minerals, serving as Glencore's appointee to the board. Adamson has over 25 years of nickel and cobalt experience in Canada, Africa, Brazil and Australia, and joined Glencore in 2004. The Company has also applied for TSX Venture Exchange approval to extend 7,406,250 warrants expiring June 16, 2024 to June 16, 2025, exercisable at CDN$0.55 per common share.
ManagementStillwater Critical Minerals Discovers New Sulphide Mineralization in 12-Kilometer Electromagnetic Anomaly in Resource Expansion Drilling at Stillwater West in Montana, USA
First-tranche results from 2023 resource expansion drilling at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana intersected magmatic nickel and copper sulphide mineralization in the first drill tests of an electromagnetic anomaly forming part of a string extending over 12 kilometers along strike. Six holes totaling 2,310 meters were completed; CM2023-05 returned 293.8 meters at 0.22% NiEq and 52.1 meters at 0.49% NiEq, including 4.8 meters at 1.22% NiEq, while CM2023-06 returned 25.9 meters at 0.50% NiEq. Assays from holes CM2023-01 to -03 are pending. The campaign was funded by Glencore Canada, now holding 15.4% of the company for approximately $7.05 million to date.
Drill resultsStillwater Critical Minerals Closes $3.89 Million Placement with $2.1 Million Lead Order from Glencore
A non-brokered private placement announced March 28 closed for gross proceeds of $3,891,720 through 27,798,000 units at $0.14 per unit, oversubscribed by more than 55%, with each unit including a half warrant exercisable at $0.21 for three years. Glencore Canada Corporation subscribed for 15,000,000 units, lifting its stake to 15.41% undiluted and 22.72% partially diluted, and gained the right to appoint a board member while holding 15%. Directors and officers took 2,017,142 units for $282,399.88. Proceeds are for exploration and development at the Company's North American nickel projects, including Stillwater West in Montana, plus working capital.
FinancingStillwater Critical Minerals Announces 54% Upsize of Private Placement to $3.85 Million with $2.1 Million Lead Order from Glencore
The non-brokered private placement announced March 28, 2024 has been increased to 27.5 million units for gross proceeds of $3.85 million, up from 17,857,143 units for $2.5 million. Glencore Canada Corporation has agreed to buy 15 million units for gross proceeds of $2.1 million. Closing is expected on or about April 26, 2024, subject to TSX Venture Exchange acceptance, with a four-month hold period; certain insiders will subscribe.
FinancingStillwater Critical Minerals Announces Private Placement with $2.1M Lead Order from Glencore
A non-brokered private placement of up to 17,857,143 units at $0.14 per unit has commenced, for gross proceeds of up to approximately $2.5 million, with Glencore Canada Corporation agreeing to buy 15 million units for $2.1 million. Each unit includes one common share and one half warrant exercisable at $0.21 for three years, representing up to approximately $1.875 million in additional funding. Proceeds are intended for exploration and development at the Company's North American nickel projects and working capital.
FinancingStillwater Critical Minerals to Display Drill Core at Upcoming Technical and Investor Events
Drill core from the 2023 campaign at the Stillwater West Ni-PGE-Cu-Co+Au project in Montana will be displayed at VRIC (January 21–22), AMEBC Roundup (January 22–25) and PDAC in Toronto (March 3–6), with executives attending. All 2023 resource expansion drill core is at the assay lab with results pending. The Company has applied for TSX-V approval to extend 21,635,000 warrants expiring January 17, 2024, exercisable at $0.30, to July 17, 2024.
Corporate