Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins me to review the recent news from last week’s Executive Order on critical minerals from the white house putting their flagship Stillwater West Ni-PGE-Cu-Co + Au project in Montana into focus for domestic development.

This Executive Order signed by United States President Donald J. Trump on March 20, 2025, titled “Immediate Measures to Increase American Mineral Production,” invokes emergency powers to prioritize and accelerate domestic production of minerals listed as critical to the United States, with the objective of reducing reliance on imports. This Executive Order is the government’s strongest action yet towards restoring America’s domestic mining industry and is intended to counter the overwhelming control that other countries have over the supply of a number of minerals listed as critical to the economic and national security interests of the United States.  The order describes funding initiatives for domestic mining projects and calls for accelerated permitting and clarifications to the Mining Act, among other actions.

Mike outlines that their Stillwater West Project is a very large polymetallic resource with a substantial copper inventory and the largest nickel project in an active U.S. mining district, in addition to palladium, platinum, rhodium, chromium, cobalt, and gold plus as yet unquantified amounts of ruthenium and iridium. Overall, Stillwater West is uniquely positioned to become a primary source of nine commodities now listed as critical given our location immediately adjacent to Sibanye-Stillwater’s operating mine complex in a historic American mining district where the production of critical minerals dates back to the 1880s.

With regards to this year’s exploration focus, Mike shares that multiple large-scale magmatic sulphide targets generated from a property-wide MobileMTm magneto-telluric (“MMT”) geophysical survey were completed in late 2024 by Expert Geophysics Limited at Stillwater West. Data from the 2024 MMT survey was processed and incorporated into the Company’s 3D geological model of the lower Stillwater Igneous Complex to prioritize targets with a focus on expanding current mid-grade and high-grade mineral resources.  There will be about 6,000 meters of drilling this year focused on those higher-grade targets, with plans to still update the resources from last year’s drilling in 2025, and then further update the resource again with 2025’s drilling and move towards a Preliminary Economic Assessment in early 2026.

If you have any questions for Mike regarding Stillwater Critical Minerals, then please email me at  Shad@kereport.com.

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