Stillwater Critical Minerals (TSX-V: PGE) (OTCQB: PGEZF) (FSE: J0G) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-Stillwater.

Corporate Presentation

Projects

Stillwater West Ni-PGE-Cu-Co + Au (Montana)

OVERVIEW

Stillwater Critical Minerals is advancing the Stillwater West PGE-Ni-Cu-Co + Au project towards becoming a world-class source of low-carbon, sulphide-hosted nickel, copper, and cobalt, critical to the electrification movement, as well as key catalytic metals including platinum, palladium and rhodium used in catalytic converters, fuel cells, and the production of green hydrogen.The project consists of 14 multi-kilometer-scale exploration target areas along a 32 km strike length adjoining and adjacent to Sibanye-Stillwater’s high-grade Stillwater mines along the JM Reef in the Stillwater Igneous Complex of Montana, USA. Located in one of the top regions in the world for PGE-Ni-Cu mineralization, the Stillwater mines are the highest-grade major PGE project in the world and the largest outside South Africa and Russia. In June 2017, one month after South African producer Sibanye announced the completed takeover of Stillwater Mining company for USD 2.2 billion, Stillwater Critical Minerals announced the acquisition of Stillwater West project acquisition deal, which positioned the Company as the second largest landholder in the district. In addition to the land package, the Stillwater West acquisition included an extensive historic database of soil and rock geochemistry, geophysical surveys, geologic mapping, and historic drilling with nearly 12,000 metres of preserved core.

The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex. SWCM’s work in the lower Stillwater Complex has demonstrated the presence of large-scale disseminated and high-sulphide battery metals and PGE mineralization, similar to the Platreef in the Bushveld Complex. Drill campaigns by the Company, complemented by a substantial historic drill database, have delineated five deposits of Platreef-style mineralization across a core 12-kilometer span of the project, all of which are open for expansion into adjacent targets. Multiple earlier-stage Platreef-style and reef-type targets are also being advanced across the remainder of the 32-kilometer length of the project based on strong correlations seen in soil and rock geochemistry, geophysical surveys, geologic mapping, and drilling.

Drayton – Black Lake Gold

Project Overview

• 142 km² land package adjoining NexGold’s Goliath Gold Complex which hosts 2.1 million ounces of gold and 3.5 Moz silver (M&I)
• 30km of underexplored Archean greenstone strike
• Well-defined, near-term drill targets over four zones, based on over 100 years of exploration data from 176 diamond drill holes totaling approximately 20km
• Direct road access, close to rail and power
• Discovery and development of Rainy River lead the district in the 1990s, which is now over 10Moz and growing

The Drayton-Black Lake project consists of over 142 square kilometers in the Abrams‐Minnitaki Lake Archean greenstone belt, along the northern margin of the Wabigoon sub-province in Ontario, Canada. This emerging gold belt has already produced over one million ounces gold¹ and currently hosts 6.6 million ounces of gold in Reserves and Measured and Indicated resources in total among New Gold’s Rainy River Mine, NexGold’s Goliath Gold Complex, and First Mining’s Cameron gold project². Drayton-Black Lake has significant exploration potential with demonstrated high-grade gold in drill results and bulk samples across more than 30 kilometers of underexplored strike in a geologic setting that is shared with NexGold’s development-stage Goliath Gold Complex project. Access and infrastructure are excellent on the project, which features direct road access and proximity to rail and power. The project features well-defined, near-term drill targets over four zones, based on over 100 years of exploration data from 176 diamond drill holes totaling approximately 20km that had never been compiled until 2022.

Kluane PGE-Ni-Cu (Yukon)

Kluane Project Overview

Stillwater Critical Minerals’ 260 square kilometre Kluane Project consists of the Spy, Ultra and Catalyst properties, all of which occur within the Kluane Mafic-Ultramafic Belt; a system of PGE-Ni-Cu deposits which are part of a sequence of mafic-ultramafic rocks that extends through the Yukon from northern British Columbia to central Alaska. The Kluane project properties are each within 15km of the Alaska Highway and situated on trend with, and south of, the Nickel Shaw (formerly Wellgreen) deposit, one of the largest undeveloped PGE-Ni-Cu projects in North America at 6 Moz of Pt+Pd+Au and 3 Blbs of Ni+Cu in M&I resources and an additional 2 Moz of Pt+Pd+Au and 1 Blbs of Ni+Cu in Inferred resources¹.

Yankee-Dundee Project (British Columbia)

Project Overview

The Yankee-Dundee project incorporates over 74 square kilometers of mineral claims in prolific and historic Southeast BC, a region that has produced over 5.6 million ounces of gold and over $70 billion in mineral wealth to date starting with placer mining in the 1850s and moving to lode mining in the 1880s.

Stillwater Critical Minerals (operating as Duncastle Gold Corp.) sold the Yankee-Dundee project to Armex Mining in early 2013 as announced in news releases on January 21 and June 25, 2013. Under the terms of the sale agreeement, Stillwater CM may receive $4-million or more by way of cash and royalty payments, depending on mine performance, commodity markets and other factors, including advance royalty payments.

The project comprises most of the historic Ymir Camp which was in the 1930s the largest silver producer in the British Commonwealth. The claims also include the largest mine in the camp, the Yankee Girl Mine. Despite the comparatively primitive methods of the day, the Yankee Girl was significant with 375,000 tonnes mined from over 14 levels between 1907 and 1951, yielding over $180 million in gross value at today’s prices. In addition to the Yankee Girl, the project includes over a dozen other past producing mines and countless mineralized showings. Despite its successful history, Southeast BC was underexplored for a number of years, held back in terms of mineral exploration by a combination of fractured land holdings, markets, politics, and commodity prices. The past few years have seen a turning point and a number of companies are now active in the area. Commodity prices, in particular gold, have brought a return of interest to the high-grade, high profit margin mines of the Kootenays.

Stillwater Critical Minerals was a relatively early entrant, as its founders commenced staking and acquisition in 2003 before acquiring the Yankee-Dundee crown grants in 2006. In keeping with its vision of building land positions covering and surrounding significant past producers, Stillwater CM assembled the more than 74 square kilometer claims package to examine the potential for larger mineralized systems as well as extensions of known systems through application of modern exploration methods in the first systematic programs conducted on the property.

Duke Island Copper-Nickel-PGE Project

The 100% owned Duke Island Copper-Nickel-PGE Project consists of 31 claims located in the Alexander Platinum Belt of SE Alaska, 50 miles south of the city of Ketchikan.

Duke Island Highlights

• Abundance of CU, NI, & PGE sulphide mineralization unlike any known Ural-Alaska complex
• Cu, Ni, and Fe are significantly elevated relative to most Ural-Alaska complexes
• Surface rock samples with up to 1.95% Cu, 0.25% Ni, and 1 gpt combined PGEs in mafic/ultramafic host rocks

• Past drilling has encountered up to 387 feet of disseminated and semi-massive sulphide mineralization with copper and nickel grades
• Conductivity highs occur in relation to large ultramafic bodies with four areas of outcropping sulphides
• Each of the areas have potential to host several large zones of Cu and Ni enrichment at depth
• Only the Marquis target has been tested – partially – by drilling

• Airborne TDEM and surface NSAMT have given the Marquis target a new perspective for mineralization
• Past drilling was not deep enough to test the potentially Cu-Ni-PGE enriched magmatic sulphide along the bsal contact or within a feeder zone
• Each of the areas have potential to host several large zones of Cu and Ni enrichment at depth
• A thick interval of semi-massive (15-25%) net textured magmatic sulphide intercepted by drilling appears as only a moderate conductive anomaly

Management

Michael Rowley

President, CEO, Director

Michael Rowley has over 25 years executive experience in the exploration, mineral testing, and mine environmental industries, including capital markets and operations. One of Stillwater Critical Mineral’s founding shareholders and Directors, Mr. Rowley is active in additional  publicly-traded companies, including fellow Metallic Group member, Granite Creek Copper.

Dr. Danie Grobler

Vice President – Exploration

Dr. Danie Grobler has more than 25 years of industry experience as an exploration and mine geologist including most recently as Head of Geology and Exploration for Ivanplats Pty Ltd (an Ivanhoe Mines company) where since 2011 he led the delineation and advancement of Ivanhoe’s world-class Platreef PGE-Ni-Cu mine on the northern limb of the Bushveld complex. Including previous experience as Project Manager at Platinum Group Metals’ at their project on the Bushveld’s northern limb, Dr. Grobler brings decades of senior level experience focused on the discovery and mining of battery and platinum group metals in ultramafic magmatic systems and has published numerous papers on Ivanhoe’s Flatreef deposit.

Albie Brits

Senior Geologist

Mr. Albie Brits has more than 28 years focused on the advancement of projects from grassroots stage to advanced exploration and full-scale mining operations, starting at Gold Fields of South Africa and including, most recently, the role of Senior Geologist and Manager Project Geology for Ivanplats Pty Ltd (an Ivanhoe Mines company). Focused on exploration for platinum group and base metals on the northern limb of the Bushveld complex since 2001, Mr. Brits was part of the team that discovered Ivanhoe’s Flatreef deposit. He has extensive experience in the exploration of mafic-ultramafic magmatic systems and has presented and co-authored numerous papers on the Flatreef deposit.

Mike Ostenson, P.Geo

Project Geologist

Mr. Ostenson has extensive experience in exploration, mine development and mining in the Stillwater Complex, including the roles of VP Exploration/Qualified Person with Premium Exploration, Exploration Geologist for Beartooth Platinum, and Ore Grade Control Geologist with Stillwater Mining Company. Mr. Ostenson has a Bachelor of Science (Earth Sciences) from the Montana State University, and also worked as a Gold Mine Geologist with AngloGold.

Justin Modroo, P.Geo

Project Geophysicist

Mr. Modroo has 20 years of mineral exploration experience, including as a Geophysical Consultant with Premium Exploration and Beartooth Platinum in the Stillwater Complex as well as with other North American exploration projects. Mr. Modroo’s has extensive first-hand knowledge of the geology and geophysical characteristics of the Stillwater Complex as well as the historic project data. Mr. Modroo has a Bachelor of Science degree in Geophysical Engineering and a Masters of Science in Geophysics from the Colorado School of Mines.

Rebecca Moriarty

Chief Financial Officer

Ms. Rebecca Moriarty is a Chartered Professional Accountant with over 20 years of experience in the mining industry. Her background includes a unique combination of technical and business accounting expertise, having received a degree in geology from Queens University and a CPA designation. Ms. Moriarty is supported by the Malaspina Consultants team, a Vancouver-based financial consulting and advisory firm staffed with highly experienced accounting personnel. Prior to joining Malaspina, Ms. Moriarty worked with PricewaterhouseCoopers LLP where she was a manager working exclusively with resource companies.

Susan Henderson

Finance Manager & Corporate Secretary

With over 20 years of experience in finance management within the mineral resource sector, Ms. Henderson has been a crucial asset to companies from exploration to mine development. Specializing in financial analysis, reporting, and management support, she has played a pivotal role in optimizing financial strategies.

In addition to her financial responsibilities, Susan has taken on the corporate secretarial function, ensuring compliance with regulatory requirements, corporate governance standards, and continuous disclosure obligations.

Board of Directors

Michael Rowley

President & CEO, Director

Michael Rowley has over 25 years executive experience in the exploration, mineral testing, and mine environmental industries, including capital markets and operations. One of Stillwater Critical Mineral’s founding shareholders and Directors, Mr. Rowley is active in additional  publicly-traded companies, including fellow Metallic Group member, Granite Creek Copper.

Greg Johnson

Executive Chairman and Director

Mr. Gregory Johnson has 30 years of experience in the mining industry with a record of success in exploration, development and financing of large-scale base and precious metals projects from discovery stage through advanced economic assessment. In addition to his expertise in the exploration for platinum group elements, gold, silver, nickel and copper, Mr. Johnson has developed broad experience in the capital markets and has been involved in raising over $650-million in project financing for his companies, as well as building their shareholder bases and securing participation of major institutional investors.

He began his career with Placer Dome Inc. (now Barrick Gold Corp.) where he held various senior roles in domestic and international exploration. One of the founders of NovaGold Resources, Mr. Johnson was a co-recipient of the PDAC’s Thayer Lindsay International Discovery Award for his role in the discovery and advancement of the 40-million-ounce Donlin Creek gold deposit in Alaska. As President and CEO of South American Silver and Wellgreen Platinum, Mr. Johnson led the significant expansion and advancement of several major precious and base metal deposits. He currently serves as Chairman and CEO of Metallic Minerals Corp., a leading silver explorer in the Yukon Territory.

Mr. Johnson has also been recognized for his work in sustainable development and community engagement and was awarded the Robert E. Leckie Award by the Yukon government for excellence in environmental stewardship. Mr. Johnson holds a BSc Honors in Geology from Western Washington University.

Bradley Adamson

Independent Director

Mr. Adamson is a veteran resource industry professional with over 25 years of global experience focused on nickel and cobalt in Canada, Africa, Brazil and Australia with Glencore PLC, where he leads Business Development for Glencore’s nickel group. He has led and been involved with many of Glencore’s nickel divestments, mergers and acquisitions and has held various board positions for the group.

He holds a Bachelor of Engineering in Minerals Engineering from the Western Australian School of Mines along with a Post Graduate Diploma in Applied Finance from Kaplan Professional.  He began his career with WMC Resources followed with periods at Anaconda Operations and BHP Billiton. He joined Glencore in 2004 and has developed a strong operational, project development and commercial background over the subsequent 20 years with the group.

Nora Pincus

Independent Director

Ms. Pincus is a veteran resource industry professional with over 15 years of global experience, including senior legal, mine financing, and commercial roles. Throughout her career, Ms. Pincus has worked for both junior and major mining companies with projects and operations in North and South America, Africa, Australia and Asia. She has substantial experience in M&A and capital market transactions in the mining and metals sectors, having served as lead counsel on a number of notable global mining transactions. Ms. Pincus was formerly Managing Director with Nebari Partners, LLC, a private capital provider focused on the mining sector. Prior to joining Nebari, Ms. Pincus was General Counsel of Boart Longyear, a global drilling services, equipment and mining technology company, and was a partner at several boutique and international law firms. A Montana native, Ms. Pincus received a bachelor’s degree from the University of Utah and a Juris Doctorate from the University of Denver.

Gregor Hamilton

Independent Director

Mr. Hamilton has 25 years of experience in the mining sector as a geologist, investment banker and entrepreneur. Mr. Hamilton began his career in mineral exploration in South America and later worked for 11 years in investment banking in London and Sydney, specializing in structured finance and M&A. Since 2010, Mr. Hamilton has been involved in the acquisition and development of mineral properties within both public and private resource companies.

Mr. Hamilton has a BSc in Geology from the University of Edinburgh and an MSc in Mineral Project Appraisal from the Royal School of Mines, Imperial College, London. He also serves on the board of Metallic Minerals Corp.

Gordon Toll

Independent Director

Mr. Gordon Toll is a mining engineer with over 50 years of global mining industry experience as an entrepreneur and developer of large mining operations. His distinguished career in the mining industry has also involved acquisitions and new business development, startups, and public company leadership. Mr. Toll’s senior leadership positions with major companies include commercial and technical executive positions with BHP Billiton, Rio Tinto, Atlantic Richfield and Texasgulf. He was also a founder of Ferrous Resources in Brazil, which is now a subsidiary of Vale, Deputy Chairman of Ivanhoe Mines, and Chairman of Fortescue Metals Group.

Mr. Toll is recognized for his fund-raising abilities for mining projects around the world and has been directly involved with raising over US$5 billion during his recent career. Currently, he manages private investment companies which include Braemar Infrastructure Pty Ltd, which has received Major Development status from the South Australian Government and is proposing a multi‐purpose infrastructure corridor for the Braemar Region.

A mining engineering graduate from the University of Queensland, Mr. Toll also holds a Master’s degree in Business Science from Columbia University.

Advisory Board

Brian Cloney, CPA

Finance

Mr. Cloney has over 35 years experience of public accounting and financial consulting experience with a particular focus on the mining sector, holding the role of Chief Financial Officer with a number of publicly-traded resource companies. Mr. Cloney was a Director of Stillwater Critical Minerals (then Group Ten Metals) from March 2014 to June 2016.

Garth Kirkham, P.Geo, P.Geoph

Geology

Mr. Kirkham has over 34 years experience in the mineral exploration industry as a board member, leader, and geoscientist. He has numerous professional designations and awards for his work. Mr. Kirkham heads Kirkham Geosystems Ltd and was a founding director of Stillwater Critical Minerals (then Group Ten Metals).

Douglas Warkentin, P.Eng

Metallurgy and Mineral Processing

Mr. Warkentin is a Metallurgical and Process Development Consultant with over 30 years of experience in the mining and mineral processing industries. Currently Senior Metallurgist at Kemetco Research Inc. in Richmond, British Columbia, he has conducted mineral processing, hydrometallurgy, minewater treatment and resource recovery on a broad array of base, precious and high-tech metals projects for international clients. He was a co-founder of Stillwater Critical Minerals (previously Group Ten Metals) and served on the Company’s Board to July 2014.

Robert Sennott

Business Development Advisor

Resource investor, entrepreneur, philanthropist and film producer. Founder of Market Intelligence, a real estate information services company, that was acquired by Alleghany Corporation and recently acquired by Berkshire Hathaway. Served on the board of directors of First Community Bank, a USA bank based in Woodstock VT. Currently serves as a business development advisor to Stillwater Critical Minerals Corp., a TSX-V listed company.

Share Structure

Contact

Stillwater Critical Minerals

Suite 904 – 409 Granville Street
Vancouver, BC V6C 1T2

Tel: +1 (604) 357-4790
Toll Free: 1-888-432-0075
Email: info@criticalminerals.com

Montana Office

P.O. Box 1223, Red Lodge, Montana 59068

Yukon Office

434 – 108 Elliott Street
Whitehorse, Yukon Y1A 6C4