Stillwater Critical Minerals Announces Intent to Sell Duke Island Project

Stillwater Critical Minerals Corp. has announced a Letter of Intent for Granite Creek Copper to acquire a 90% interest in the Duke Island Cu-Ni-PGE project in Alaska through an all-share transaction. This deal highlights the project's nickel, copper, and platinum potential, along with its carbon capture and hydrogen generation capabilities. Stillwater aims to focus on its Stillwater West project in Montana while expanding its exposure to North American critical minerals.

The Duke Island project, located within the Alexander Platinum belt, consists of 31 unpatented claims. Although prospective zones have been discovered, the project remains underexplored, with only one zone drilled to date. Terms of the agreement include issuing shares valued at C$150,000, a C$500,000 work commitment, and a 1% net smelter royalty.

The transaction is non-arm's length, as Michael Rowley serves as a director for both Stillwater and Granite Creek. Final agreement terms are subject to change, with TSX Venture Exchange's approval pending.