Stillwater Announces Flow-Through Private Placement for Kluane Critical Minerals Project

Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) has announced a flow-through private placement to fund exploration and development activities at its Kluane critical minerals project in Yukon, Canada. The company aims to raise $375,000 through the issuance of 2,500,000 flow-through units at $0.15 per unit. Each unit consists of one flow-through share and one-half of one transferable non-flow-through warrant, with each full warrant allowing the holder to purchase one common share at a price of $0.225 per share for twenty-four months. Warrants shall contain a customary acceleration provision, which shall be effective if the volume weighted average trading price of the common shares on the TSX-V is greater than $0.34 for a period of 20 consecutive trading days.

The proceeds from the sale of the Flow-Through Shares will be used to incur exploration expenses that are eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as defined in the Income Tax Act (Canada). The Company plans to use the funds for ground geological programs and potential geophysical surveys, as well as data compilation, to drive the selection of drill targets for upcoming campaigns. The exploration work is expected to commence in the near term, with the goal of advancing the Kluane project towards potential resource definition and development.

The Kluane project, a key asset of Stillwater Critical Minerals Corp., is focused on exploring for critical minerals, particularly nickel, copper, and platinum group elements (PGE), within the Kluane Mafic-Ultramafic Belt in the Yukon, Canada. The project's exploration targets and strategies align with the company's overall exploration objectives, which aim to discover and develop large-scale, low-carbon sources of critical minerals in North America.

The Kluane project, a 260 square kilometre property, consists of the Spy, Ultra, and Catalyst properties, all of which occur within the Kluane Mafic-Ultramafic Belt. The project is situated on trend with, and south of, the Nickel Shaw deposit, one of the largest undeveloped PGE-Ni-Cu projects in North America. The project's geology and mineralization share similarities with the Nickel Shaw deposit, which is one of the largest undeveloped PGE-Ni-Cu projects in North America. Both projects occur within the Kluane Mafic-Ultramafic Belt, a system of PGE-Ni-Cu deposits that extends through the Yukon from northern British Columbia to central Alaska. The Kluane belt constitutes one of the largest tracts of Ni-Cu-PGE mineralized mafic-ultramafic rocks in North America, second only to the nickeliferous intrusions from the Proterozoic Circum-Superior Belt of Canada.

The Catalyst property, a primary exploration target, is located 35 kilometers northwest of Burwash Landing and 15 kilometers south of the Alaska Highway. The property includes the Donjek-Arch claims, covering 6,770 hectares, and the North Corky and East Vault claims (CKR claims), consisting of 9,540 hectares. The property is adjacent to the Nickel Shaw deposit, one of the largest undeveloped PGE-Ni-Cu projects in North America. Historic sampling and geophysical surveys have identified magnetic highs and resistivity lows, suggesting the presence of ultramafic rocks and potential mineralization.

The Spy property, another key exploration target, is located approximately 7 kilometers from the Alaska Highway and 40 kilometers southeast of the Catalyst property. It is situated on trend with, and south of, the Nickel Shaw deposit. The property hosts the Spy Sill, a 75-100m thick mafic to ultramafic sill that intrudes Hasen Creek siltstone. Historic grab samples from the Spy Sill assayed as high as 3.1 g/t Pt, 1.4 g/t Pd, 1.0 g/t Au, 3.1% Ni, and 2.8% Cu, indicating the presence of PGE-Ni-Cu mineralization.

The flow-through private placement funding supports the project's exploration and development plans by providing the necessary capital to advance the Kluane project towards potential resource definition and development. The expected timelines for these activities are not explicitly stated in the provided materials. However, the Company's plans to commence field work on the Kluane project and provide further updates from its flagship Stillwater West project in Montana suggest that the exploration and development activities are expected to occur within a relatively short timeframe, likely within the next few months to a year.

In conclusion, Stillwater Critical Minerals Corp.'s flow-through private placement for the Kluane critical minerals project in Yukon, Canada, demonstrates the company's commitment to advancing its exploration and development objectives. The funding will support ground geological programs, potential geophysical surveys, and data compilation, ultimately driving the selection of drill targets for upcoming campaigns. The Kluane project's geology and mineralization share similarities with the Nickel Shaw deposit, and the project's exploration targets and strategies align with the company's overall exploration objectives. The expected timelines for these activities are within a relatively short timeframe, likely within the next few months to a year.