Welcome to our dedicated page for Stillwater news (Ticker: PGEZF), a resource for investors and traders seeking the latest updates and insights on Stillwater stock.
Stillwater Critical Minerals Corp. reports developments tied to its 100%-owned Stillwater West critical minerals project in Montana. Company news centers on drilling and resource-expansion work across a mineralized trend with nickel, copper, cobalt, platinum, palladium, gold and chromium mineralization, including updates from deposit areas such as Chrome Mountain, Iron Mountain, HGR and CZ.
Recurring updates also include mineral resource work, technical programs, industry conference participation, stakeholder engagement and capital markets activity such as private placements involving common shares and warrants.
Stillwater Critical Minerals announced rhodium assay results from resource expansion drilling at its Stillwater West PGE-Ni-Cu-Co + Au project in Montana. Key highlights include 1.13 g/t Rh over 1.2 meters and 0.162 g/t Rh over 3.7 meters. Results are expected to expand upon the 115,000 ounces of rhodium defined in the January 2023 Mineral Resource Estimate. The project, adjacent to Sibanye-Stillwater's operations, shows potential for significant polymetallic mineralization across a 9.5-kilometer-long area. Recent rhodium prices averaged USD 6,500/oz over two years, making it five times more valuable than palladium or platinum.
Stillwater Critical Minerals has amended its Option Agreement with Heritage Mining regarding the Drayton-Black Lake gold project. The key changes include extending Heritage's deadline to incur $1,000,000 in exploration expenditures to January 25, 2025, and extending the deadline for $5,000,000 in aggregate qualifying expenditures to the fifth anniversary. In exchange, Heritage will issue 3 million units, each comprising one common share and one warrant exercisable at $0.10 for 36 months. The agreement maintains Stillwater's 10% free carried interest and includes provisions for discovery payments capped at $10 million.
Stillwater Critical Minerals (TSX.V:PGE, OTCQB:PGEZF) has entered into a Letter of Intent with Granite Creek Copper for the sale of a 90% interest in the Duke Island Cu-Ni-PGE project in Alaska. The transaction will be structured as a non-arm's length, all-share deal. The project features nickel, copper, and platinum group element mineralization, along with potential for carbon sequestration and geologic hydrogen generation. Stillwater will maintain its focus on its flagship Stillwater West project in Montana's Stillwater mining district, aiming to become a key player in the US critical mineral supply chain.
Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) has been invited to present at the Emerging Growth Conference on October 30th, 2024. This live, interactive online event will allow shareholders and investors to engage directly with the company's President & CEO, Michael Rowley.
The presentation is scheduled to begin at 3:00pm ET. Mr. Rowley will provide an update on the company and its flagship Stillwater West Ni-PGE-Cu-Co + Au project in Montana, USA, followed by a Q&A session. Participants can submit questions in advance to Questions@EmergingGrowth.com or ask them during the event.
To attend, interested parties need to register through the provided link. An archived webcast will be available on EmergingGrowth.com and the Emerging Growth YouTube Channel after the event.
Stillwater Critical Minerals Corp. has completed a property-wide geophysical airborne survey and developed the first-ever 3D geologic model of the lower Stillwater Igneous Complex in Montana, USA. The model demonstrates continuity of mineralization across 9.5 kilometers of the Stillwater West Ni-PGE-Cu-Co + Au project. Key highlights include:
- Completion of property-wide geophysical surveys in September 2024
- Demonstration of mineralization continuity across the 9.5-kilometer length of the lower Stillwater Igneous Complex
- Current resources of 1.6 billion pounds of nickel, copper, and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold
- Resources hosted in five deposits open for expansion along trend and at depth
The new data will drive continued project advancement, including drill campaigns and resource expansion. The company is also pursuing government funding and exploring potential production scenarios.
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.