Stillwater Critical Minerals Corp. has kicked off its 2024 field activities at its flagship Stillwater West project in Montana, with a significant collaboration with Glencore International Plc. The company has initiated a property-wide airborne electromagnetic geophysical survey in collaboration with Expert Geophysics Ltd. using the latest technology to identify priority conductive drill targets across the main resource area.
Glencore, holding a 15.4% position in Stillwater, has been providing technical support to fine-tune these targets and prioritize additional conductive areas across the property. This collaboration aims to support various studies and potential production scenarios, including an updated mineral resource estimate to facilitate resource expansion drilling.
Stillwater’s President and CEO, Michael Rowley, highlighted the importance of these activities in preparing for continued drilling across the deposit area. The company has been focusing on the expansion potential of the lower Stillwater Igneous Complex with detailed geological and structural interpretive work.
The company’s efforts align with the growing demand for nickel, copper, cobalt, and platinum group metals in the green energy transition. Despite recent price declines in the nickel market, analysts project a positive long-term outlook, driven by demand from various industries.
Additionally, Stillwater emphasized the strategic importance of having the largest nickel resource within an active U.S. mining district, particularly in light of geopolitical factors impacting the global nickel market. The company’s ownership structure includes management and insider ownership of approximately 20%, with institutions and high net-worth investors holding the majority of shares.
As Stillwater continues its field activities and collaborations with major mining companies, it remains well-positioned to capitalize on the increasing demand for critical minerals essential for the green energy transition.
