Stillwater closes financings totalling $8.78-million

Executive Summary

• Stillwater Critical Minerals closed a non‑brokered private placement of 1,747,722 units at $0.23 per unit, generating gross proceeds of $401,976.06.
• Combined with prior brokered and Glencore offerings, total capital raised since June 25 2025 exceeds $8.78 million, with potential additional financing of over $6.4 million if all warrants are exercised.
• Net proceeds will fund exploration at the flagship Stillwater West Ni‑PGE‑Cu‑Co‑Au project in Montana, a smaller program at the Kluane project in Yukon, and general corporate purposes.

Key Details

• Units Issued: 1,747,722 units (each unit = 1 common share + ½ warrant).
• Price per Unit: $0.23.
• Gross Proceeds (this closing): $401,976.06.
• Warrant Terms: Each warrant allows purchase of one common share at $0.34, exercisable any time up to 36 months after Aug 12 2025.
• Related Offerings:
• Prior brokered listed issuer financing (LIFE) – two tranches on June 25 2025 and July 15 2025, total $7 million.
• Glencore Canada Corp. purchased 6 million units at $0.23 per unit for $1.38 million; closing Aug 13 2025.
• Aggregate Capital Raised: >$8.78 million (LIFE + additional private placement + Glencore).
• Potential Additional Funding: If all warrants are exercised, an extra ~$6.4 million could be raised.
• Use of Proceeds:
• Exploration and advancement of Stillwater West Ni‑PGE‑Cu‑Co‑Au project (Montana, USA).
• Lesser exploration program at Kluane critical mineral project (Yukon, Canada).
• General corporate purposes and working capital.
• Related‑Party Participation: Directors/officers acquired 294,002 units; transactions exempt from MI 61‑101 valuation/approval thresholds (<25% market cap).
• Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period (units issued Aug 12 2025; Glencore units Aug 13 2025) per TSX Venture Exchange rules.
• No Finder’s Fees: No finders’ fees payable on any portion of the additional or Glencore offerings.
• Regulatory Status: Offerings remain subject to final acceptance by the TSX Venture Exchange; material change report to be filed post‑closing.

Notable Quotes

(No executive quotes were included in the release.)