Stillwater Critical Minerals Launches C$10 Million Private Placement

Stillwater Critical Minerals announced a bought deal private placement agreement with Red Cloud Securities and Research Capital Corporation. The underwriters will purchase 21,740,000 units at a price of C$0.46 per unit, generating gross proceeds of C$10,000,400. Each unit comprises one common share and one-half of a purchase warrant allowing the acquisition of additional shares at C$0.64 within 36 months of closing.

The funds will support exploration at Stillwater's flagship West Ni-PGE-Cu-Co+Au project in Montana, USA, and for corporate purposes. An option exists to purchase an additional 4,348,000 units for further C$2,000,080.

The offering complies with Canadian securities legislation, anticipated to close by December 30, 2025. Regulatory approvals, including TSX Venture Exchange approval, are prerequisites for completion.