Stillwater Critical Minerals Launches C$6 Million Private Placement

An update from Group Ten Metals ( (TSE:PGE) ) is now available.

Stillwater Critical Minerals Corp. has announced a brokered private placement with Red Cloud Securities Inc. to raise up to C$6 million through the sale of units consisting of common shares and warrants. The proceeds will be used to advance the company’s flagship Stillwater West project and for general corporate purposes. Glencore Canada Corporation intends to participate in the offering, which is expected to close by June 25, 2025, pending regulatory approvals.

Spark’s Take on TSE:PGE Stock

According to Spark, TipRanks’ AI Analyst, TSE:PGE is a Neutral.

Group Ten Metals faces significant financial challenges with no revenue and sustained losses, heavily impacting its stock score. Despite this, technical indicators suggest bullish momentum, and corporate strategies align well with national policies, potentially supporting future growth if financial health improves.

To see Spark’s full report on TSE:PGE stock, click here.

More about Group Ten Metals

Stillwater Critical Minerals Corp. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of nickel, platinum group elements (PGE), copper, cobalt, and gold, with a significant project in the Stillwater mining district in Montana, USA.

Average Trading Volume: 240,135

Technical Sentiment Signal: Buy

Current Market Cap: C$61.73M

Find detailed analytics on PGE stock on TipRanks’ Stock Analysis page.