On May 1, 2024, Stillwater Critical Minerals Corp closed the transaction. The company issued 27,798,000 units at an issue price of CAD 0.14 per unit for the gross proceeds of CAD 3,891,720. Certain directors and officers of the Company subscribed for 2,017,142 units of the Offering for gross proceeds of CAD 282,399.88. Glencore Canada Corporation a wholly owned subsidiary of Glencore plc, subscribed for 15,000,000 Units under the Offering. In connection with the private placement, Stillwater has paid commissions to eligible parties totaling CAD 64,582.56 and issued 461,304 finder's warrants, on the same terms as Warrants. Each finder's warrant is non-transferable and entitles the holder to purchase one common share at the price of CAD 0. 21 for a period of three years from the date of issuance subject to acceleration.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 66 placees, 5 existing insiders for 2,017,142 units and 2 pro groups for 858,000 units.