Stillwater Critical Minerals Closes Final Tranche of Brokered LIFE Offering for Aggregate Gross Proceeds of C$7.0 Million

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Stillwater Critical Minerals Closes Final Tranche of Brokered LIFE Offering for

Aggregate Gross Proceeds of C$7.0 Million

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION

IN THE UNITED STATES

July 15, 2025 – Vancouver, BC – Stillwater Critical Minerals Corp. (TSX.V: PGE; OTCQB:PGEZF; FSE: JOG),

(the “Company”, or “Stillwater”) is pleased to announce that it has closed the final tranche (the “Final

Tranche”) of its previously announced “best efforts” private placement (the “Offering”). Under the Final

Tranche, the Company sold 15,307,980 units of the Company (each, a “Unit”) at a price of C$0.23 per Unit

(the “Offering Price”) for gross proceeds of approximately C$3,520,835. In aggregate under the Offering,

the Company sold 30,434,782 Units at the Offering Price for aggregate gross proceeds of approximately

C$7,000,000, which includes the full exercise of the agent’s option. Red Cloud Securities Inc. (“Red Cloud”)

acted as sole agent and bookrunner in connection with the Offering.

Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one

common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant issued pursuant to

the Final Tranche entitles the holder thereof to purchase one Common Share (a “Warrant Share”) at a

price of C$0.34 at any time on or before July 15, 2028.

In accordance with National Instrument 45-106 - Prospectus Exemptions (“NI 45-106”), the Units were

issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-

106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed

Issuer Financing Exemption (the “Listed Issuer Financing Exemption”). The Common Shares and the

Warrant Shares underlying the Units are immediately freely tradeable in accordance with applicable

Canadian securities legislation if sold to purchasers resident in Canada. The Units were also sold in

offshore jurisdictions and in the United States on a private placement basis pursuant to one or more

exemptions from the registration requirements of the United States Securities Act of 1933, as amended

(the “U.S. Securities Act”). All securities not issued pursuant to the Listed Issuer Financing Exemption are

subject to a hold period in accordance with applicable Canadian securities law, expiring four months and

one day following the issue date.

The Company intends to use the net proceeds of the Offering for the exploration and advancement of the

Company’s flagship Stillwater West Ni-PGE-Cu-Co+Au project in the Stillwater mining district in Montana,

U.S., for a lesser exploration program at its Kluane critical minerals project in Yukon, Canada, and for

general corporate purposes and working capital as is more fully described in the Offering Document (as

defined herein).

As consideration for their services in the Final Tranche, Red Cloud received aggregate cash fees of

C$164,407.27 and 714,814 non-transferable common share purchase warrants (the “Broker Warrants”).

Each Broker Warrant is exercisable into one Common Share at the Offering Price for a period of thirty-six

(36) months from the date of issuance.

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Glencore Canada Corporation (“Glencore”), a subsidiary of Glencore plc, has indicated that it intends to

exercise its pro-rata equity participation rights pursuant to the investor rights agreement with the

Company dated May 1, 2024 and acquire units of the Company under a separate non-brokered private

placement. The closing of the Final Tranche remains subject to the final approval of the TSX Venture

Exchange (the “TSXV”).

There is an offering document (the “Offering Document”) related to the Offering that can be accessed

under the Company ’s profile at www.sedar plus.ca and on the Company ’s website at:

www.criticalminerals.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be

any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be

unlawful, including any of the securities in the United States of America. The securities have not been,

and will not be, registered under the United States Securities Act of 1933, as amended (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.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF | FSE: J0G) is a resource-stage 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 -platinum

group element resource in an active U.S. mining district as part of a compelling suite of ten 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 mine in BC.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director – Spllwater Cripcal Minerals

Email: [email protected] Phone: (604) 357 4790

Web: hrp://cripcalminerals.com Toll Free: (888) 432 0075

Forward-Looking Statements

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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, 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, meta l 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts

responsibility for the adequacy or accuracy of this release.