Stillwater Critical Minerals - Funding from the US Department of Energy to Berkeley Lab Collaborating at Stillwater West For Potential Geologic Hydrogen Production

The KE Report

Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins me to review the recent news out regarding the collaboration with Lawrence Berkeley National Laboratory ("Berkeley Lab"), with funding from the U.S. Department of Energy ("DOE") via the Advanced Research Projects Agency program, to study the potential for geologic hydrogen production at its flagship Stillwater West Ni-PGE-Cu-Co + Au project in Montana.

Funding in the amount of U.S. $2 million has been secured by Berkeley Lab to advance the "Cyclic Injection for Commercial Seismic-Safe Geologic H2 Production (CyclicGeoH2)" project, led by Berkeley Lab Research Scientist Dr. Mengsu Hu in collaboration with the University of California at Berkeley and the University of Texas at Austin. The team is developing technologies for geologic hydrogen production that address the challenge of extracting hydrogen both safely and economically at commercial scale. The technology involves the use of adaptive controls of fracture creation followed by serpentinization reactions to generate and subsequently extract hydrogen to a wellhead.

Mike also highlighted that the Company has partnered in 2023 with Cornell University that received government funding to partner with Stillwater Critical Minerals researching the potential for carbon sequestration at Stillwater West. This brings in the larger discussion of navigating the complex series of government bodies and processes to procure funding and partnerships between the government, higher education institutions, and critical minerals companies. Stillwater Critical Minerals has been successful in aligning themselves in the process, which is attracting more interest from funds focused on legitimate ESG initiatives, and has put them on the radar of more government bodies looking to develop supply chains of critical minerals, while doing it in a more green manner. Carbon sequestration and capturing geological hydrogen can only be possible in a development scenario at Stillwater West, and points to the significance of the growing domestic critical minerals resources in Montana.

If you have any questions for Mike regarding Stillwater Critical Minerals, then please email me at [e-mail].

• In full disclosure, Shad is a shareholder of Stillwater Critical Minerals at the time of this recording.

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