Stillwater Minerals Expands Offering to $3.85M

Group Ten Metals (TSE:PGE) has released an update.

Stillwater Critical Minerals has announced a significant upsizing of its private placement from $2.5 million to $3.85 million, following a $2.1 million lead order from mining giant Glencore. The increased offering reflects robust investor interest and will consist of 27.5 million units, expected to close by April 26, 2024, with customary closing conditions and securities laws hold periods. The company, which operates in the renowned Stillwater mining district in Montana, is advancing its critical mineral supply, underscored by a recent substantial mineral resource estimate and ongoing expansion initiatives.

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