Stillwater Critical Minerals Corp announced a non-brokered private placement offering of 17,857,143 units of the company at a price of CAD 0.14 per unit for gross proceeds of up to approximately $2,500,000 on March 28, 2024. Each unit under the Placement is comprised of one common share and one half of one common share purchase warrant, with each full warrant entitling the holder to purchase one common share at an exercise price of CAD 0.21, providing up to approximately $1,875,000 additional funding, if exercised in full. The warrants shall be exercisable for three years from the date of issue.

The Placement is expected to close, subject to customary conditions, upon acceptance by the TSX Venture Exchange. 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.