Stillwater West Triples in Size and Pivots Toward Development

Stillwater's tripled polymetallic resource and Glencore/government engagement position it as a re-rating candidate pending a 2027 PEA.

• Resource triples: August 27 update lifted inferred tonnage to 805 million tons plus a new 29 million ton indicated category, containing 5 billion lbs nickel-copper-cobalt and 7.7 million oz PGMs/gold.
• Rare rhodium exposure: Stillwater says it holds North America's largest rhodium resource, a byproduct rarely reported elsewhere outside South Africa's UG2 Reef.

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