Stillwater - PGEZF STOCK NEWS

Stillwater Critical Minerals has signed a non-binding MOU with US Strategic Metals (USSM) to establish a strategic relationship for critical minerals-related business opportunities. The MOU includes potential collaboration on marketing support, technical support, supply chain development, offtake and logistics, strategic financing, and introducing additional strategic partners.

The partnership aims to accelerate engineering and metallurgical studies for the Stillwater West project, which is recognized as a significant domestic source of critical minerals in the USA. This collaboration aligns with both companies' ESG values and vision for a large-scale, low-carbon American critical mineral supply chain.

USSM, a private USA-focused critical minerals processing business, recently closed a $230 million debt financing and received an LOI from US EXIM Bank for a potential $400 million loan. The partnership is expected to advance relationships with OEMs, vehicle/battery manufacturers, major mining companies, and federal government agencies providing funding opportunities.

Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF) is collaborating with Lawrence Berkeley National Laboratory on a geologic hydrogen production project at its Stillwater West Ni-PGE-Cu-Co + Au project in Montana. The U.S. Department of Energy has provided $2 million in funding for the "CyclicGeoH2" project, led by Dr. Mengsu Hu. The research aims to develop technologies for safe and economical extraction of hydrogen at a commercial scale, utilizing the unique geology of the Stillwater Igneous Complex. This collaboration aligns with Stillwater's goal of supplying critical minerals while potentially generating clean energy. The project could position Stillwater as a significant player in the domestic supply of critical minerals and clean energy production.

Stillwater Critical Minerals has initiated its 2024 field activities at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana, including a property-wide airborne electro-magnetic geophysical survey. The company has engaged Expert Geophysics for a combined time-domain EM survey using the TargetEM26 system and a magneto-telluric survey with the MobileMTm system.

The survey, covering approximately 1,069 line-kilometers, aims to provide higher-resolution and improved depth investigation compared to the 2000 DIGHEM survey. It has been designed in collaboration with Glencore plc to fine-tune priority conductive drill targets across the 12-kilometer main resource area and prioritize additional untested targets.

Stillwater's 2024 program is expected to include an updated mineral resource estimate and studies related to potential production scenarios. The company is also pursuing studies with partners like Cornell University and US Government agencies.

Stillwater Critical Minerals has announced the results of its 2023 drilling campaign at its Stillwater West project in Montana, funded by Glencore's strategic equity investments totaling approximately $7.05 million. High-grade nickel, platinum, and palladium mineralization was discovered, with significant intersections including 3.96 g/t Pt and 2.84 g/t Pd. Six holes totaling 2,310 meters were drilled, revealing potential to expand mineral resources at various cut-off grades. Highlights include 44.2m at 0.83 g/t 3E and 347.3m at 0.20% NiEq. The drilling campaign has also advanced the geological model of the Stillwater Igneous Complex, demonstrating three styles of mineralization: Platreef-style, N-series, and reef-type. The company is focused on further expansion and potential production scenarios, with rhodium assay results pending.

Stillwater Critical Minerals has appointed Bradley Adamson to its Board of Directors as an Independent Director. Adamson, a professional with over 25 years of experience in the resource industry, currently leads Business Development for Glencore's nickel group and has a proven track record in nickel and cobalt metallurgy. He has a strong background in operational, project development, and commercial aspects within the mining industry. Stillwater's CEO Michael Rowley highlighted Adamson's extensive expertise as an asset in advancing the company's flagship Stillwater West critical minerals project.

Additionally, Stillwater announced an application to extend the expiration date of 7,406,250 warrants, originally issued in June 2021, to June 16, 2025. These warrants allow holders to acquire one common share at CDN$0.55 each.

Stillwater Critical Minerals (PGEZF) announced its participation in the Emerging Growth Conference on May 29th, 2024. The live event will feature CEO Michael Rowley, who will provide an overview and updates on the company's flagship Stillwater West project in Montana. The presentation highlights anticipated catalysts and objectives for 2024. Shareholders and investors can interact live with Rowley and ask questions. The event starts at 11:25 am ET, and an archived webcast will be available on EmergingGrowth.com and YouTube post-event.

CEO.CA, a leading investor social network for junior mining stocks, has released exclusive updates through its 'Inside the Boardroom' interview series. The platform, a subsidiary of EarthLabs, boasts millions of annual visitors engaging with industry insights and stories. This week, CEO.CA featured interviews with Michael Rowley of Stillwater Critical Minerals (OTCQB: PGEZF), Greg McKenzie of Silver Storm Mining (OTCQB: SVRSF), and Bradley Rourke of Scottie Resources (OTCQB: SCTSF). The series provides firsthand knowledge from industry leaders, highlighting their vision, challenges, and strategies. For more, visit CEO.CA or their YouTube channel.

Stillwater Critical Minerals has announced the discovery of new sulphide mineralization at its Stillwater West project in Montana. The drill campaign, funded by Glencore, completed six holes totaling 2,310 meters, revealing significant nickel and copper sulphide mineralization. Key findings include wide intervals of higher-grade mineralization, with the potential to expand the 2023 Mineral Resource Estimate. Highlights include:

- CM2023-04: 98.8m @ 0.27% NiEq, including 44.0m @ 0.35% NiEq

- CM2023-05: 293.8m @ 0.22% NiEq, including 52.1m @ 0.49% NiEq

- CM2023-06: 158.9m @ 0.22% NiEq, including 25.9m @ 0.50% NiEq

The project is seen as having potential for large-scale mining with polymetallic deposits. Additional drilling is planned to confirm and expand these findings. The company and its investors are optimistic about the resource expansion and its future prospects.

Stillwater Critical Minerals has successfully closed a non-brokered private placement, generating $3.89 million in gross proceeds. Glencore Canada led the placement with a $2.1 million investment. The Company aims to advance its flagship project and secure domestic mineral supplies in the US. The Offering included 27,798,000 Units at $0.14 per Unit, with each Unit comprising a Common Share and a Warrant. Glencore now holds a 15.41% ownership stake, potentially increasing to 22.72% upon exercise of its Warrants. Proceeds will fund exploration, development, and operational expenses. Stillwater has also granted Glencore certain investor rights and imposed restrictions on shareholdings to prevent exceeding 19.9% ownership.