Stillwater Completes $375,010 Private Placement for Kluane Project

Stillwater Critical Minerals Corp. has successfully closed its non-brokered private placement of flow-through units, generating gross proceeds of $375,010. This initiative involved the issuance of 2,500,066 units priced at $0.15 each. Each unit features one flow-through share and half of a transferable non-flow-through warrant, which allows the purchase of one common share at $0.225 over 24 months, subject to acceleration if shares trade above $0.34 for 20 days.

The funds from this private placement will be directed towards exploration expenses at the Kluane Critical Minerals Project in Yukon, Canada. The project targets Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures under Canadian tax regulations.

Insiders of the company, including directors and officers, contributed $30,150 to the offering, equating to 201,000 units. These transactions fall under related party transactions but are exempt from certain regulatory requirements due to their valuation not exceeding 25% of the company’s market capitalization.

Securities from this placement are subject to a four-month hold period according to Canadian securities laws and TSX-V policies. Additionally, commissions of $9,299 were paid, and 61,994 finder's warrants were issued in connection with this placement.