Stillwater Secures $3.89M in Oversubscribed Funding

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

Stillwater Critical Minerals has successfully completed a $3.89 million funding round, with Glencore Canada Corporation leading the investment by purchasing $2.1 million in units. The proceeds will go towards the exploration and development of Stillwater’s North American nickel projects, as well as for general corporate expenses. The investment also grants Glencore increased shareholder rights, including the potential appointment of a board member.

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