Stillwater Critical Minerals Updates U.S. Federal Funding Applications

Stillwater Critical Minerals Corp. provides an update on its applications for U.S. federal funding aimed at fortifying domestic critical mineral supply chains. In response to escalating geopolitical risks, the U.S. government prioritizes enhancing the domestic supply of 50 vital minerals, predominantly imported. The Stillwater West project, adjacent to Sibanye-Stillwater's operations in Montana, hosts a significant inventory of these critical minerals, including the nation's largest nickel resource.

Milestones in 2024 include submitting a white paper on expanding the U.S. critical minerals supply and applying for funding through the Defense Industrial Base Consortium. The company leverages partnerships, like those with Lawrence Berkeley National Laboratory and Glencore, to strengthen its position. Community engagement and strategic industry relationships are also key focuses. CEO Michael Rowley emphasizes the potential role of Stillwater West in decreasing U.S. reliance on mineral imports.