Perpetua Resources Corp Stock Price, News & Analysis

Perpetua Resources Corp. (Nasdaq: PPTA) announced that over 15,000 supportive comments were submitted during the 75-day comment period for its Supplemental Draft Environmental Impact Statement (SDEIS) on the Stibnite Gold Project. This significant milestone advances the permitting process towards a Final Environmental Impact Statement (FEIS). The project aims to secure the only domestic source of antimony, enhance national security, restore a former mining site, and create hundreds of jobs in Idaho. Final decisions are anticipated by mid-2023.

Perpetua Resources Corp. (Nasdaq: PPTA) has received up to $24.8 million in funding under the Defense Production Act to support the Stibnite Gold Project. This funding will facilitate environmental studies and construction readiness, ensuring the domestic supply of antimony, critical for national defense. The project aims to restore environmental conditions while becoming the only mined source of antimony in the U.S. Additionally, Perpetua anticipates this funding will provide sufficient liquidity to advance permitting and early restoration activities.

Perpetua Resources Corp. (Nasdaq: PPTA) reported its financial results for the period ending September 30, 2022. The company aims to develop a significant gold mine while restoring a brownfield site, focusing on the Stibnite Gold Project. Highlights from Q3 include zero lost time incidents, completion of fieldwork, and progress in mediation discussions with the Nez Perce Tribe. The U.S. Forest Service designated Perpetua's Modified Mine Plan as the Preferred Alternative in the Supplemental Draft Environmental Impact Statement, marking a key milestone. The public review period ends on January 10, 2023.

Perpetua Resources Corp. announced that the United States Forest Service identified its Modified Mine Plan as the Preferred Alternative in the Supplemental Draft Environmental Impact Statement. The plan aims to improve water quality and fish habitats while reducing long-term water treatment needs at the Stibnite Gold Project. Significant benefits include a net increase in fish habitats, improved water quality with reductions in arsenic and antimony levels, and enhanced stream temperatures. The USFS's recognition is a major milestone for the Project as it progresses through the NEPA process.

Perpetua Resources Corp. (Nasdaq: PPTA) announced that the U.S. Forest Service has identified its Stibnite Gold Project's Modified Mine Plan as the Preferred Alternative in the Supplemental Draft Environmental Impact Statement (SDEIS). This designation represents a significant milestone in the National Environmental Policy Act (NEPA) process, allowing the project to advance. The Stibnite Gold Project aims to restore an abandoned mine while providing the only U.S.-mined source of antimony, crucial for national defense and clean energy. Public comments on the SDEIS are open for 75 days until January 10, 2023.

Perpetua Resources Corp. (Nasdaq: PPTA) completed its summer 2022 field program aimed at improving water quality in the historic Stibnite mining district. This initiative, authorized in 2021 via an agreement with the EPA and USDA, addresses contamination from past mining activities. Key actions included enhancing diversion channels and removing legacy waste to restore streamflow. Future plans involve relocating 325,000 tons of historical mine waste in 2023. The Stibnite Gold Project aims to implement sustainable mining practices while restoring the environment.

Perpetua Resources (NASDAQ: PPTA) has been awarded $200,000 in funding from the U.S. Department of Defense to evaluate the potential of antimony from the Stibnite Gold Project for military ammunition production. The project aims to establish a domestic source of antimony, essential for military-grade materials, amidst geopolitical tensions that threaten supply chains. The awarded grants will facilitate studies that may confirm the Project's capacity to meet military specifications within 6 to 12 months, helping reduce U.S. reliance on foreign antimony suppliers.

Perpetua Resources Corp. (Nasdaq: PPTA) announced that the U.S. Forest Service plans to publish a Supplemental Draft Environmental Impact Statement (SDEIS) for the Stibnite Gold Project in Q4 2022. The SDEIS aims to present improved environmental outcomes and narrow the review scope based on nearly two years of scientific analysis. The Stibnite Gold Project seeks to responsibly mine gold and antimony, a critical mineral for the U.S. defense supply chain, reducing reliance on foreign sources. This project is expected to play a significant role in enhancing national security and supporting clean energy initiatives.

Perpetua Resources Corp. (Nasdaq: PPTA) reported its unaudited financial results for Q2 2022, highlighting advancements in the Stibnite Gold Project permitting. Significant milestones include receiving the Clean Air Act Permit to Construct and commencing environmental cleanup activities. The company aims to establish a domestic supply of antimony and develop a high-grade gold mine. Key achievements include zero safety incidents and successful stakeholder engagement. The Supplemental Draft Environmental Impact Statement is expected to be released in Q3 2022.