Stillwater increases private placement to $426,976

Executive Summary

• Stillwater Critical Minerals Corp. announced an additional upsizing of its follow‑on non‑brokered private placement by 210,038 units at C$0.23 per unit, generating approximately C$43,309 in gross proceeds.
• The total offering now comprises 1,856,418 units for aggregate gross proceeds of C$426,976, including participation from Glencore Canada Corp., which will acquire six million units at the same price under its investor rights agreement.
• Net proceeds are earmarked for advancing exploration at the flagship Stillwater West Ni‑PGE‑Cu‑Co‑Au project in Montana, a lesser‑scale program at the Kluane critical mineral project in Yukon, and general corporate working capital.

Key Details

• Upsize Amount: 210,038 additional units @ C$0.23 per unit → C$43,308.74 gross proceeds.
• Total Offering Size: 1,856,418 units for C$426,976.14 aggregate gross proceeds.
• Unit Composition: Each unit = 1 common share + ½ of a common‑share purchase warrant; each whole warrant allows purchase of one common share at C$0.34 for 36 months from issuance.
• Glencore Participation: Glencore Canada Corp. to exercise participation rights, acquiring 6,000,000 units @ C$0.23 per unit → C$1,380,000 gross proceeds (subject to the LIFE offering).
• Related‑Party Transaction: Director/officer purchases and Glencore’s acquisition qualify as related‑party transactions under MI 61‑101; exemptions from formal valuation and minority shareholder approval will be relied upon.
• Regulatory Filings: A material change report will be filed (less than 21 days before closing) due to pending insider participation confirmation.
• Closing Conditions: Offerings close on or around Aug. 12, 2025, subject to TSX Venture Exchange acceptance and customary regulatory approvals; securities are not issued under the listed‑issuer financing exemption and will have a hold period of 4 months + 1 day.
• Use of Proceeds:
• Exploration & advancement of Stillwater West Ni‑PGE‑Cu‑Co‑Au project (Montana, USA) – primary focus.
• Lesser exploration program at Kluane critical mineral project (Yukon, Canada).
• General corporate purposes and working capital.
• No Finder’s Fees: No finders’ fees payable on any portion of the offerings.

Notable Quotes

(None provided in the release)