Stillwater Critical Minerals Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million

Executive Summary

• Stillwater Critical Minerals Corp. entered into a bought‑deal private placement underwriting agreement with Red Cloud Securities Inc. (co‑lead) and Research Capital Corporation (co‑lead).
• The underwriters will purchase up to 21,740,000 units at C$0.46 per unit for gross proceeds of C$10,000,400; an over‑allotment option allows purchase of an additional 4,348,000 units for up to C$2,000,080.
• Net proceeds are earmarked for exploration and advancement of the Stillwater West Ni‑PGE‑Cu‑Co+Au project in Montana, plus general corporate purposes and working capital.

Key Details

• Units Offered: 21,740,000 (each unit = 1 common share + ½ warrant).
• Offering Price: C$0.46 per unit.
• Gross Proceeds: C$10,000,400.
• Over‑Allotment Option: Up to 4,348,000 additional units at the same price, potentially adding C$2,000,080 gross proceeds.
• Warrant Terms: Each warrant permits purchase of one common share at C$0.64, exercisable any time up to 36 months after the closing date.
• Closing Date: Expected on or about December 30, 2025 (subject to regulatory approvals).
• Use of Proceeds: Primarily for exploration and development of the Stillwater West project; remainder for general corporate purposes and working capital.
• Regulatory Framework: Offering relies on NI 45‑106 listed issuer financing exemption (Canada) and applicable U.S. private placement exemptions; Canadian securities will be freely tradeable, while U.S. persons are excluded unless an exemption applies.
• Conditions to Closing: Receipt of all required regulatory approvals, including TSX Venture Exchange (TSXV) approval.

Notable Quotes

(No direct quotes were provided in the release.)