Stillwater Critical Minerals CEO Michael Rowley joined Steve Darling from the Vancouver Resources Investment Conference to share news about the company's progress at its flagship project in Montana, located within the renowned Stillwater Complex. The company controls the lower Stillwater Complex, an area of significant geological importance, and is applying advanced geological thinking drawn from South Africa’s Bushveld Complex to unlock its potential.
Rowley outlined major achievements from the past year, including a substantial drill campaign and the debut of a detailed geological model — the first of its kind for the area. “We’re hitting mid-grade to high-grade. Better than ever. That’s been the secret sauce here,” Rowley said, highlighting the project's strong mineralization.
In 2025, Stillwater completed two financings totalling over $25 million, including strategic support from Glencore. These funds position the company to pursue its largest exploration campaigns to date in 2026. A key catalyst expected soon is the release of assay results from recent drilling, which have been delayed but are described as imminent.
Rowley also confirmed work on a new resource estimate is underway, supported by Mine Technical Services — a team with prior experience on South Africa’s Platreef. The project boasts impressive in-ground resources: 1.6 billion pounds of nickel, copper, and cobalt; 3.8 million ounces of gold; and 2.3 billion pounds of chromium, with additional platinum group metals.
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