Company Overview

Stillwater Critical Minerals Corp. is a Canadian mineral exploration company focused on the discovery and development of critical minerals, primarily platinum group elements (PGEs), nickel, copper, cobalt, chromium, and gold. The company operates in the mining and critical minerals sector, with a strategic emphasis on metals essential for electrification, decarbonization, and advanced industrial applications. Its core value proposition is exposure to large-scale, polymetallic PGE–nickel–copper mineral systems in a stable North American jurisdiction.

The company’s principal asset is the Stillwater West Project, which is positioned adjacent to and geologically analogous with the historic Stillwater Mining District in Montana, home to long-producing PGE operations. Stillwater Critical Minerals was established to consolidate and systematically explore this underexplored portion of the district using modern geophysical, geochemical, and geological techniques, positioning itself as a potential future domestic supplier of U.S.-designated critical minerals.

Business Operations

Stillwater Critical Minerals generates value through mineral exploration, resource delineation, and asset advancement rather than production. Its operations are centered on exploration activities such as drilling, geophysical surveys, metallurgical testing, and technical studies aimed at defining economically viable mineral resources. The company does not currently generate operating revenue and is funded primarily through equity financing.

The company’s activities are conducted through its U.S.-based subsidiary, Stillwater West LLC, which holds the mineral rights and manages on-the-ground operations. Exploration programs are periodically supported by strategic partnerships and technical collaborations with major mining companies, providing industry validation and access to expertise while allowing Stillwater Critical Minerals to retain significant project ownership.

Strategic Position & Investments

Strategically, Stillwater Critical Minerals is focused on advancing the Stillwater West Project as a scalable, multi-decade critical minerals asset aligned with U.S. supply chain security initiatives. Growth initiatives emphasize systematic district-scale exploration, resource expansion, and the advancement of targets toward compliant mineral resource estimates. The company’s strategy leverages the project’s proximity to existing infrastructure and historical PGE production.

A key strategic milestone has been its technical collaboration and investment by Sibanye-Stillwater, a global PGE producer with operations in the adjacent Stillwater mining district. This relationship has included equity investment and data-sharing arrangements, reinforcing the geological credibility of the project. The company remains focused on PGEs and battery metals rather than diversification into unrelated commodities or sectors.

Geographic Footprint

Stillwater Critical Minerals’ operational footprint is concentrated in North America, with all exploration activities located in Montana, United States. The Stillwater West Project spans a large land package along the western extension of the Stillwater Igneous Complex, a globally significant geological formation for PGEs and associated metals.

The company is headquartered in Canada, reflecting its public listing on the TSX Venture Exchange, while maintaining a strong operational presence in the United States through local teams, contractors, and regulatory engagement. Its geographic focus provides exposure to jurisdictions with established mining laws, infrastructure, and strategic relevance to critical mineral supply chains.

Leadership & Governance

Stillwater Critical Minerals is led by an experienced management team with backgrounds in mineral exploration, mine development, and capital markets. The leadership emphasizes disciplined exploration, technical rigor, and strategic partnerships as core elements of its governance and operational philosophy.

Key executives include:

• Michael Rowley – President & Chief Executive Officer
• Philips S. P. DeFilippo – Vice President, Exploration
• David C. Smith – Chairman of the Board
• Marc Bamberger – Director
• Andrew Cheatle – Director

The board and management team collectively bring experience in PGE systems, large-scale exploration programs, and public company oversight, guiding the company’s long-term objective of advancing a significant U.S.-based critical minerals resource.