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Perpetua Resources Corp. - $PPTA STOCK NEWS

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Rhea-AI Summary
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-6.42%
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Rhea-AI Summary
Perpetua Resources Corp. (PPTA) announced unaudited financial results for the period ended June 30, 2023. The company aims to provide the US with a domestic source of critical mineral antimony, develop one of the largest and highest-grade open pit gold mines in the country, and restore an abandoned brownfield site. The company reported zero lost time incidents or reportable environmental spills, advanced the permitting for the Stibnite Gold Project and construction readiness, and added to the Russell 2000® Index and the broad-market Russell 3000® Index. Additionally, they signed a Definitized Agreement for Critical Minerals Award of $24.8 million under the Defense Production Act and filed a Clean Water Act Settlement Agreement with the Nez Perce Tribe. The company's President and CEO, Laurel Sayer, highlighted their strong safety record and progress in advancing the Stibnite Gold Project.
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-2.39%
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Rhea-AI Summary
Perpetua Resources Corp. has reached a settlement agreement with the Nez Perce Tribe to resolve a Clean Water Act lawsuit. The agreement includes total payments of $5 million over four years, with $4 million going towards a water quality enhancement fund and $1 million for legal expenses. The water quality improvement projects will be coordinated with the EPA and Forest Service.
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Perpetua Resources has definitized its Technology Investment Agreement with the U.S. Department of Defense, receiving $24.8 million in funding to support the Stibnite Gold Project. The project aims to establish a domestic supply of antimony trisulfide, a critical mineral for national defense.
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Perpetua Resources Corp.

Nasdaq:PPTA

PPTA Rankings

PPTA Stock Data

386.42M
33.91M
0.45%
72.54%
2.09%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
BOISE

About PPTA

midas gold (max.tsx / mdrpf.otcqx) controls the world class stibnite gold project, located in the historic stibnite-yellow pine mining district in central idaho, consolidating ownership of this important past-producing gold district under one owner for the first time in its history. with a preliminary economic assessment indicating potential for a large scale, low cost mining operation and significant room for further growth, the golden meadows project is one of north america’s premier development stories.