Stillwater Critical increases financing to $15-million

Executive Summary

• Stillwater Critical Minerals Corp. has upsized its previously announced bought deal private placement from gross proceeds of C$10,000,400 to C$15,000,140 due to strong investor demand.
• The offering consists of 32,609,000 units priced at C$0.46 per unit, with Red Cloud Securities Inc. and Research Capital Corp. acting as co-lead underwriters.
• Net proceeds will be used for the exploration and advancement of the Stillwater West Ni-PGE-Cu-Co-plus-Au project in Montana, as well as for general corporate purposes and working capital.

Key Details

• Gross Proceeds: Increased to C$15,000,140 (up from C$10,000,400).
• Units Sold: 32,609,000 units.
• Price Per Unit: C$0.46.
• Underwriters: Red Cloud Securities Inc. (co-lead underwriter and sole bookrunner) and Research Capital Corp. (co-lead underwriter).
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of C$0.64.
• Warrant Expiry: 36 months following the closing date.
• Overallotment Option: Underwriters have an option to purchase up to an additional 4,348,000 units at the offering price for additional gross proceeds of up to C$2,000,080.
• Use of Proceeds: Exploration and advancement of the Stillwater West Ni-PGE-Cu-Co-plus-Au project in the Stillwater mining district, Montana; general corporate purposes; and working capital.
• Regulatory Basis: Offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106.
• Closing Date: Scheduled on or about December 30, 2025.
• Hold Period: Securities not issued pursuant to the listed issuer financing exemption are subject to a hold period of four months and one day following the closing date.

Notable Quotes

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