M&A Deal Summary

Stillwater Mining Acquires Peregrine Metals

On October 4, 2011, Stillwater Mining acquired metals/mining company Peregrine Metals for 451M USD

Acquisition Highlights
  • This is Stillwater Mining’s 2nd transaction in the Metals/Mining sector.
  • This is Stillwater Mining’s largest (disclosed) transaction.
  • This is Stillwater Mining’s 2nd transaction in Canada.
  • This is Stillwater Mining’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2011-10-04
Target Peregrine Metals
Sector Metals/Mining
Buyer(s) Stillwater Mining
Deal Type Add-on Acquisition
Deal Value 451M USD

Target

Peregrine Metals

Vancouver, British Columbia, Canada
Peregrine Metals holds a 100% interest in the Altar property, subject to a one percent NSR royalty granted to Rio Tinto and another one percent NSR royalty granted to the underlying concession owners that may be purchased by Peregrine Metals from the underlying owners at any time for US$1 million. The Company also holds under option a 100% interest in the Rio Cenicero property which surrounds the Altar property, subject to a one percent NSR royalty granted to the Instituto Provincial de Exploraciones y Explotaciones Mineras.

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Buyer(S) 1

Buyer

Stillwater Mining

Littleton, Colorado, United States
Category Company
Founded 1992
Sector Metals/Mining
Employees1,426
Revenue 668M USD (2016)
DESCRIPTION

Stillwater Mining Company is the only U.S. miner of platinum group metals (PGMs) and the largest primary producer of PGMs outside of South Africa and the Russian Federation. PGMs are rare precious metals used in a wide variety of applications, including automobile catalysts, fuel cells, hydrogen purification, electronics, jewelry, dentistry, medicine and coinage. The Company is engaged in the development, extraction and processing of PGMs from a geological formation in south-central Montana recognized as the J-M Reef. The J-M Reef is the only known significant source of PGMs in the U.S. and the highest-grade PGM resource known in the world. The Company also recycles PGMs from spent catalytic converters and other industrial sources. The Company owns the Marathon PGM-copper deposit in Ontario, Canada, and the Altar porphyry copper-gold deposit located in the San Juan province of Argentina.

DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-16 Benton Resources - Bermuda Property

United States

Benton Resources - Bermuda Property is located along the eastern and northern margins of the Coldwell Complex near Marathon, Ontario and adjoins Stillwater's recently purchased Marathon PGM-Copper Project and Geordie Lake exploration properties.

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