Stillwater Closes Additional Flow-Through Private Placement for the Kluane Critical Minerals Project in Yukon, Canada
Stillwater Closes Additional Flow-Through Private Placement for
the Kluane Critical Minerals Project in Yukon, Canada
Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or
"Stillwater") is pleased to announce that, subject to the approval of the TSX Venture
Exchange (the "TSX-V"), it has closed a second non-brokered private placement financing
for additional proceeds of $500,001, through the issuance of 3,333,340 flow-through units
at a price of $0.15 per unit ("Private Placement"). 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.
Michael Rowley, President and CEO, commented, "We are pleased with the additional
interest shown in advancing our Kluane critical minerals project. As announced previously,
work is expected to include ground geological programs and potential geophysical surveys,
in addition to data compilation, to drive the selection of drill targets across this district-
scale asset ahead of upcoming campaigns. We look forward to further announcements in
the near term, in particular from our flagship Stillwater West project as we work with
Glencore via the technical committee to finalize our exploration and resource expansion
drill plan for 2025. Investors are invited to meet the team including Dr. Danie Grobler at
booth 2724 at the PDAC in Toronto March 2nd to 5th, or at subsequent shows as listed
below. "
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).
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.
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.
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, booth #2724
(PDAC) - Toronto, Ontario, Canada, March 2-5, 2025. For information, click here.
2. Global Commodity Expo Florida - Fort Lauderdale, Florida, USA, May 11-13, 2025.
For information, click here.
3. Global Commodity Expo Atlanta - Atlanta, Georgia, USA, May 14-16, 2025. For
information, click here.
4. The Mining Investment Event of the North - Quebec City, Quebec, Canada, June 3-5,
2025. For information, click here.
5. Precious Metals Summit - Beaver Creek, Colorado, September 9-12, 2025. For
information, click here.
6. 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 a 49% interest in 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 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.
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.
SOURCE: Stillwater Critical Minerals Corp.