Stillwater Announces Closing of Flow-Through Private Placement for the Kluane Critical Minerals Project in Yukon, Canada
TSX.V: PGE
OTCQB: PGEZF
FSE: J0G
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Stillwater Announces Closing of Flow-Through Private Placement for the Kluane
Critical Minerals Project in Yukon, Canada
February 11, 2025 – VANCOUVER, BC – Stillwater Critical Minerals Corp. (TSX.V: PGE; OTCQB: PGEZF; FSE: J0G)
(the “Company” or “Stillwater”) is pleased to announce that it has closed the non-brokered private placement
of flow-through units of the Company (the “Units”) announced January 21, resulting in gross proceeds of
$375,010 via the issuance of 2,500,066 Units at a price of $0.15 per Unit (the “Offering”).
Each Unit consists of one flow-through share of the Company and one-half of one transferable non-flow-through
warrant, with each full warrant allowing the holder to purchase one common share of the Company at a price
of $0.225 per share for twenty-four months. Warrants shall contain a customary acceleration provision, which
shall be effective if the volume weighted average trading price of the common shares on the TSX-V is greater
than $0.34 for a period of 20 consecutive trading days.
The Company intends to use the gross proceeds from the sale of the Flow-Through Shares to incur exploration
expenses that are eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining
expenditures" as such terms are defined in the Income Tax Act (Canada).
Certain directors and officers of the Company subscribed for 201,000 Units of the Offering for gross proceeds of
$30,150. Participation of the officers and directors in the Offering is considered a “related party transaction”
within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special
Transactions (“MI 61-101”). The transactions are exempt from the formal valuation and minority approval
requirements in MI 61-101 as neither the fair market value of the securities to be issued, nor the fair market
value of the consideration for the securities to be issued, insofar as it involves such insiders, exceeds 25% of the
Company’s market capitalization.
All securities issued pursuant to the Placement will be subject to a four-month hold period from the date of
issuance in accordance with applicable securities laws and the policies of the TSX-V. The securities have not
been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be
offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or
any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state
securities laws. The private placement remains subject to the final approval of the TSX-V.
In connection with the private placement, Stillwater has paid commissions to eligible parties totaling $9,299 and
issued 61,994 finder’s warrants, on the same terms as Warrants.
About the Kluane Critical Minerals Project
At 260 square kilometers, Stillwater’s Kluane project represents the largest land position in the Kluane Ultramafic
Belt; a mafic-ultramafic system that extends from northern BC through the Yukon to central Alaska and hosts
multiple PGE-Ni-Cu deposits and occurrences. Located in Canada’s Yukon Territory, the Kluane PGE-Ni-Cu project
is on trend with the Wellgreen deposit, a past producing mine, now being advanced by Nickel Creek Platinum.
PGE-Ni-Cu mineralization in the Kluane belt typically occurs as magmatic disseminated to massive sulphides
associated with mafic to ultramafic intrusive bodies. The most advanced targets on the Kluane project are on
the Ellen property, where exploration has identified significant massive sulphide mineralization from drilling and
trenching. Drilling includes 17 drill holes from 1954 to 1995 with 12 holes returning significant sulphide
mineralization including 3.15% Cu over 5.2 meters in MC66-1, 1.64% Cu over 10.4 meters in MC66-2, 1.76% Cu
over 5.5 meters in hole 95-1, and a 2.13-meter intersection grading 1.96% Cu and 2,098 ppb Au in hole 95-3.
Trenching returned values of up to 7.2% Cu with 1 g/t Au and 1 g/t Pd. Strong copper plus gold soil geochemical
signatures have been identified on the property that are coincident with a large geophysical conductor nearly
one kilometer in length1 & 2.
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OTCQB: PGEZF
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The Spy claim block also includes some more advanced targets, including the Spy Sill, which has been traced for
over 8 kilometers with widths of 75 to 100 meters at surface. Massive sulphide mineralization at the Spy target
have assayed up to 5.5 g/t 3E (3.1 g/t Pt, 1.4 g/t Pd, 1.0 g/t Au) with 3.1% Ni, 2.8% Cu and 0.2% Co, and historic
grab sample results of up to 90.7 g/t 3E (75.8 g/t Pt, 7.9 g/t Pd, 7.0 g/t Au) with 2.6% Ni, 10.5% Cu and 0.09% Co
reported from footwall siltstones3.
Trenches from the Ultra block yielded up to 19.5 g/t 3E (5.5 g/t Pt, 13.5 g/t Pd, 0.5 g/t Au), with 4.1% Cu, and
1.7% Ni from an ultramafic sill4. Exploration on Ultra since 2017 has included ground-based geophysics, UAV
imagery collection, and soil and rock sampling programs, which successfully advanced multiple targets for
follow-up work as the Company systematically moves several zones to drill-ready status.
Upcoming Events
Stillwater’s President and CEO, Michael Rowley, will be available at the following events in 2025, in addition to
other events to be added as the Company rolls out its marketing plans over the coming year:
1) Prospectors and Developers Association of Canada Conference (PDAC) – Toronto, Ontario, Canada,
March 2-5, 2025. For information, click here.
2) The Mining Investment Event of the North – Quebec City, Quebec, Canada, June 3-5, 2025. For
information, click here.
3) Precious Metals Summit - Beaver Creek, Colorado, September 9-12, 2025. For information, click here.
4) Precious Metals Summit - Zurich, Switzerland, November 10-11, 2025. For information, click here.
About Stillwater Critical Minerals Corp.
Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF | FSE: J0G) is a mineral exploration company focused on
its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining
district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and
strategic investments by Glencore Plc, the Company is well positioned to advance the next phase of large-scale
critical mineral supply from this world-class American district, building on past production of nickel, copper, and
chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-
Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, positions Stillwater West
with the largest nickel resource in an active US mining district as part of a compelling suite of nine minerals now
listed as critical in the USA.
Stillwater also holds the high-grade Drayton-Black Lake- gold project adjacent to Nexgold Mining’s development-
stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining,
and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit
in Canada‘s Yukon Territory. The Company also holds the Duke Island Cu-Ni-PGE property in Alaska, now subject
to an LOI towards an earn-in agreement with Granite Creek Copper and maintains a back-in right on the high-
grade past-producing Yankee-Dundee in BC, following its sale in 2013.
References
1. Davidson, G.S., 1995. Assessment report on the Ellen claims NTS A-113. Yukon Assessment Report 093356.
2. Pautlier, J., 2006. Geological and Geochemical Evaluation Report of the Ellen Project. Yukon Assessment
Report 094776.
3. Bell, C. 1996. Report on 1995 geological and geochemical surveys on the Klu property. Yukon Assessment
Report 0933371.
4. Casselman, S., 2005. Geological mapping and airborne surveying program on the Ultra property, Haines
Junction area, Yukon Territory. Yukon Assessment Report 094485.
TSX.V: PGE
OTCQB: PGEZF
FSE: J0G
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael Rowley, President, CEO & Director – Stillwater Critical Minerals
Email: [email protected] Phone: (604) 357 4790
Web: http://criticalminerals.com Toll Free: (888) 432 0075
Quality Control and Quality Assurance
Ms. Debbie James, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and she has reviewed and approved
the technical disclosure contained in this news release. Ms. James is the Project Manager for the Kluane area and is not independent of
the Company because she has received employment income from the Company and holds stock in the Company.
Historic samples were collected by reputable operators, using standard QAQC procedures and practices current at the time of collection.
They are considered reliable. Samples are not necessarily representative of all the mineralization hosted in the area.
Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other
than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production,
estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential
exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates,
permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations,
environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve
various risks and uncertainties. Although Stillwater Critical Minerals believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number
of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements
include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be
refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general
economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials
and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals,
unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and
from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are
not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky
business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more
information on Stillwater Critical Minerals and the risks and challenges of their businesses, investors should review their annual filings
that are available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.