Stillwater Urges Shareholders to Vote the WHITE Proxy FOR Stillwater’s Director Nominees

Exposes Lack of Experience and Qualifications of Clinton Group Nominees

Highlights Clinton Group’s Value Destroying Track Record

BILLINGS, Mont.–(BUSINESS WIRE)– Stillwater Mining Company (NYS: SWC) (TSX:SWC.U) (“Stillwater” or the “Company”) today announced that it has sent a letter to shareholders in connection with the Company’s 2013 Annual Shareholders Meeting, which will be held on May 2, 2013.

The letter details Stillwater’s many concerns with the Clinton Group, a 1.3% shareholder, and its attempt to take control of the Company. In particular, the Clinton Group offers no new strategy or detailed operating plan and has shown through its communications that it does not understand the Company’s business. Several of Clinton Group‘s misguided demands, the company believes, will be value-destructive for Stillwater’s shareholders.

The letter exposes the fact that Clinton Group‘s director nominees are not qualified to oversee a U.S. public company, nor are they qualified to oversee complex, PGM underground mining operations. Certain individuals also have questionable professional backgrounds and educational representations. The letter goes on to detail Clinton Group‘s poor investment track record and the significant value they have destroyed at other companies.

All shareholders of record as of March 6, 2013 are entitled to vote at the 2013 Annual Shareholders Meeting. Stillwater encourages all shareholders to carefully review its definitive proxy filing and other materials and vote only their WHITE proxy card. For more

information about Stillwater’s 2013 Annual Shareholders Meeting, please visit www.supportstillwater.com.

The full text of the letter follows:

April 8, 2013

Dear Fellow Shareholder:

ENSURE THE CONTINUED SUCCESS OF STILLWATER –

PLEASE VOTE THE WHITE PROXY CARD TODAY

Since 2001, we have transformed Stillwater from a single low-volume, high-cost mine into an integrated set of highly competitive, industry-leading PGM operations and core growth prospects based in Montana. We have managed to accomplish this despite extreme PGM price volatility, critical auto contract expirations, ever deeper and receding mine operations and an ore body weighted 3.4:1 toward lower-priced palladium. Today, the …read more

Source: FULL ARTICLE at DailyFinance

Stillwater Issues Letter and Mails Definitive Proxy Materials to Shareholders

Details Strong Performance and Positive Fundamentals for Platinum Group Metals

Urges Shareholders Vote FOR its Eight Highly-Qualified Director Nominees

BILLINGS, Mont.–(BUSINESS WIRE)– Stillwater Mining Company (NYS: SWC) (TSX:SWC.U) (“Stillwater” or the “Company”) today announced that it has filed definitive proxy materials with the Securities and Exchange Commission (SEC) in connection with the Company’s 2013 Annual Shareholders Meeting, which will be held on May 2, 2013.

The Board of Directors of Stillwater has also issued a letter to its shareholders urging them to vote for Stillwater’s highly-qualified slate of director nominees who have positioned the Company for meaningful platinum group metals (PGM)-focused growth at a time when PGM market dynamics are increasingly robust.

All shareholders of record as of March 6, 2013 are entitled to vote at the 2013 Annual Shareholders Meeting. Stillwater encourages all shareholders to carefully review its definitive proxy filing and other materials and vote only their WHITE proxy card. For more information about Stillwater’s 2013 Annual Shareholders Meeting, please visit www.supportstillwater.com.

The full text of the letter follows:

March 20, 2013

Dear Fellow Shareholder:

YOUR VOTE IS IMPORTANT –

PLEASE VOTE THE WHITE PROXY CARD TODAY

Under the leadership of our current Board and through the execution of a multi-year plan, Stillwater has positioned itself for meaningful platinum group metals (PGM)-focused growth at a time when PGM market dynamics are increasingly robust. Today, Stillwater is in a position to deliver increased shareholder value as many of our industry peers face significant operational and financial challenges. As such, we are pleased to inform you that the Company has nominated all of Stillwater’s qualified directors for reelection at the annual meeting.

Given the Company’s strong position and positive momentum, it is disappointing that a hedge fund, the Clinton Group, is waging a battle for control of your Company even though it only recently acquired just 1.2% of our outstanding shares and has no relevant experience investing in mining companies. In fact, according …read more
Source: FULL ARTICLE at DailyFinance