Stillwater Critical Minerals Closes Financing, Secures $8.78 Million

Stillwater Critical Minerals Corp. announced the completion of its non-brokered private placement financing, resulting in gross proceeds of $401,976.06. The financing involved issuing 1,747,722 units at $0.23 per unit. Each unit includes one common share and a half common share purchase warrant, with the warrant entitling the holder to purchase one share at C$0.34 within 36 months of issuance.

This follows a $7 million brokered LIFE offering, bringing total funds raised to over $8.78 million. Glencore Canada Corporation acquired additional units, contributing $1,380,000 to the total. The funds will advance Stillwater's Montana and Yukon exploration projects.

The securities from this offering are subject to a four-month hold period as per TSX-V regulations. Stillwater will use the proceeds to further its flagship project and cover general corporate expenses.