Stillwater Critical Minerals Secures C$17 Million in Financing

Stillwater Critical Minerals Corp. announced the successful closure of a "bought deal" private placement, raising C$17,000,220 in gross proceeds. The financing included an over-allotment option that was fully exercised. Under this offering, 36,957,000 units were sold at C$0.46 per unit. Each unit comprises one common share and half a common share purchase warrant. Warrants are exercisable at C$0.64 until December 30, 2028. Red Cloud Securities Inc. and Research Capital Corporation served as the underwriters.

Proceeds from the financing will aid in the exploration and development of the Stillwater West Ni-PGE-Cu-Co+Au project located in Montana's Stillwater mining district, alongside general corporate spending and working capital investments. The offering was conducted under various exemptions, including the listed issuer financing exemption for Canadian purchasers.

Michael Rowley, CEO, anticipates significant developments in 2026, including drill results and updated mineral resource estimates. The underwriters received cash fees and warrants as compensation. The closing is subject to the final approval of the TSX Venture Exchange.