Northwire Canada EditionFriday, July 10, 2026
Northwire
TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

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.
Read the original news release →

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