Drill Results
Stillwater Mobilizes for Largest Exploration and Resource Expansion Program to Date at Stillwater West, Montana, USA
Stillwater Critical launches its largest-ever drill campaign at the Montana flagship to expand resources, backed by Glencore.

Executive Summary
- Stillwater Critical Minerals Corp. announced the retention of contractors and imminent mobilization of drill rigs for its largest-ever exploration and resource expansion campaign at its 100%-owned Stillwater West project in Montana.
- The 2026 drill program targets expanding mid- to high-grade polymetallic sulphide mineralization within and adjacent to existing resources at Chrome Mountain and Iron Mountain.
- Primary objectives include delineating higher-grade nickel-copper-PGE sulphide zones, testing new sulphide zones in the lower Stillwater Igneous Complex, and completing ground geophysical surveys to refine targets.
- The campaign is explicitly designed to support an upcoming updated NI 43-101 Mineral Resource Estimate (MRE) expected in the near-term.
- Strategic partner Glencore plc continues to provide strong support, aligning with U.S. critical mineral security initiatives.
- The company highlighted its broader portfolio, including a 49% interest in Drayton-Black Lake (Ontario), Kluane (Yukon), Duke Island (Alaska), and a back-in right on Yankee-Dundee (BC).
- Management plans to attend key industry conferences including Fastmarkets (June), Montana Mining Association (July), and the Precious Metals Summit (September).
Material Impact
- Historical Context: The company has been systematically advancing its exploration programs. Previous releases in February, March, and May 2026 reported wide, high-grade Ni-Cu-Co-PGE-Au sulphide intercepts and confirmed rhodium/chromium mineralization, all feeding into the planned updated MRE.
- Progression: The June 2026 mobilization is the logical next step following the successful 2025 drilling campaign and the December 2025 bought-deal financing that secured C$17 million. It confirms management's execution capability and capital deployment.
- Impact on Stock: The news is positive but expected. It does not introduce new strategic partnerships, M&A, or breakthrough economic studies. The market has already priced in the exploration progress and the Glencore backing. The material impact is limited to maintaining investor interest and validating the near-term catalyst (updated MRE).
- Expectations vs. Reality: Fully in line with previous guidance. No surprises in scope, funding, or strategic direction.
PGE · Price
Company Overview
- Stillwater Critical Minerals Corp. is focused on developing a portfolio of critical mineral deposits within the Stillwater Igneous Complex in Montana, USA.
- Flagship Project: Stillwater West, a 61 km² 100%-owned claim block.
- Project Characteristics: Hosts thick, drill-defined Platreef-style polymetallic sulphide mineralization containing nickel, copper, cobalt, platinum group elements (PGEs), gold, and chromium.
- Strategic Location: Situated adjacent to Sibanye-Stillwater's producing J-M Reef operations, providing access to established infrastructure, power, water, rail, and skilled labor.
- Portfolio: Includes Drayton-Black Lake (Ontario, 49% interest), Kluane PGE-Ni-Cu-Co (Yukon), Duke Island Cu-Ni-PGE (Alaska), and Yankee-Dundee (BC).
- Development Stage: Exploration and resource definition. No reserves or production yet.
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Jul 09, 2026 · 07:30