Glencore Strengthens Stake in Stillwater Critical Minerals with New Investment

Swiss commodities giant Glencore is deepening its involvement with Canadian platinum miner Stillwater Critical Minerals by signing a CAD 2.1 million (approximately $1.5 million) agreement to purchase shares in the company. The deal, announced on Thursday, involves the purchase of 15 million units, each consisting of one Stillwater share and a half-warrant.

Each full warrant grants the holder the right to purchase one Stillwater share at a price of CAD 0.21 within 36 months. This latest investment, combined with Glencore’s existing shares, rights, and a planned private placement, would give the company a 15% ownership stake in Stillwater.