Stillwater Critical Minerals Closes C$7 Million Offering

Stillwater Critical Minerals Corp. has concluded the final tranche of its private placement, raising C$7 million. The offering sold 30,434,782 units at C$0.23 each. Red Cloud Securities Inc. acted as the sole agent. Each unit includes one common share and a half warrant, with whole warrants exercisable at C$0.34 until 2028.

Proceeds will advance Stillwater's Montana and Yukon projects. Units sold under Canadian exemptions are tradeable, whereas those sold privately in the U.S. face restrictions. Broker Red Cloud received cash and warrants as compensation.

An additional non-brokered offering is planned, potentially raising C$230,000. The participation of Glencore and insiders in these offerings is noted, constituting related party transactions under Canadian regulations. Completion is pending based on customary conditions and TSXV approval.