Stillwater Critical Minerals Signs MOU With US Strategic Metals

Stillwater Critical Minerals Corp.
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VANCOUVER, BC / ACCESSWIRE / October 9, 2024 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") is pleased to announce that it has signed a comprehensive, non-binding Memorandum of Understanding ("MOU") with US Strategic Metals ("USSM") for the establishment of a strategic relationship to consider a range of critical minerals-related business opportunities. The MOU reflects the strong alignment in corporate values between the parties, recognizing both the significance of Stillwater West to the USA and the development of the green economy, as well as USSM's position as a burgeoning leader in US critical minerals production.

The MOU includes, but is not limited to, opportunities related to:

  • Marketing support, including lobbying collaboration with particular reference to US government bodies including the Department of Energy and the Department of Defense;

  • Technical support including metallurgical and mineral processing development;

  • Supply chain development;

  • Offtake and logistics;

  • Potential strategic financing, including an equity or debt investment in Stillwater; and

  • Collaborating on the introduction of additional strategic partners as deemed necessary for the advancement of one or both of Stillwater or USSM.

Stillwater Critical Minerals President and CEO, Michael Rowley, stated, "Stillwater West is a special asset and almost entirely unique in the United States at a time when all stakeholders, from the federal government to industry and investors, recognize the overwhelming need for domestic supplies of the very critical minerals this project hosts. We have built a world-class team that includes Glencore at both an equity and management level and are pleased to be aligning ourselves with another very high-quality strategic partner like USSM to continue to advance this world-class project.

This MOU has the potential to accelerate necessary engineering and metallurgical studies and is an excellent follow-on to our expanding base of government grant funding and partnerships with the US Geological Survey, Cornell University, and Lawrence Berkeley National Laboratory for CO2 sequestration, hydrogen production, and hydrometallurgical studies. This MOU also reflects our broad alignment on ESG values and a shared vision for a large-scale, low-carbon American critical mineral supply chain based in an iconic and famously metal-rich US mining district that has produced critical minerals for over a century. In addition to our mutual connection with top-tier global miner Glencore, we expect this collaboration will further advance our mutual relationships with OEMs, vehicle/battery manufacturers, major mining companies and, perhaps most importantly in the near term, federal government agencies and legislators providing funding opportunities."

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