Stillwater arranges $10-million private placement

Executive Summary

• Stillwater Critical Minerals Corp. has entered into an agreement for a bought deal private placement to raise gross proceeds of C$10,000,400.
• The company will issue 21.74 million units at a price of C$0.46 per unit, with each unit consisting of one common share and one-half of one common share purchase warrant.
• Net proceeds are intended for the exploration and advancement of the Stillwater West nickel-platinum group element-copper-cobalt plus gold project in Montana, as well as for general corporate purposes and working capital.

Key Details

• Transaction Structure: Bought deal private placement via co-lead underwriters Red Cloud Securities Inc. (sole bookrunner) and Research Capital Corp.
• Units Issued: 21,740,000 units.
• Price: C$0.46 per unit.
• Gross Proceeds: C$10,000,400.
• Underwriter Option: The underwriters have an option to purchase up to an additional 4,348,000 units (overallotment) at the same price, for additional gross proceeds of up to C$2,000,080.
• Warrant Terms: Each unit includes one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of C$0.64.
• Warrant Expiry: Warrants are exercisable at any time on or before 36 months following the closing date.
• Use of Proceeds: Exploration and advancement of the Stillwater West project (Ni-PGE-Cu-Co plus Au) in the Stillwater mining district, Montana; general corporate purposes; and working capital.
• Regulatory Exemptions: Offered under the listed issuer financing exemption under Part 5A of National Instrument 45-106 (NI 45-106) in certain Canadian provinces. Also sold in offshore jurisdictions and the U.S. on a private placement basis under exemptions from the U.S. Securities Act of 1933.
• 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.
• Closing Date: Scheduled on or about December 30, 2025, subject to regulatory approvals, including TSX Venture Exchange approval.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.