Perpetua Resources Corp Stock Price, News & Analysis

Perpetua Resources Corp. received the Clean Air Act Permit to Construct for the Stibnite Gold Project from the Idaho Department of Environmental Quality on June 17, 2022. This permit is crucial for compliance with air standards during construction and operation. The approval signifies a major milestone for the project, aligning with the company's commitment to state and federal regulations. The permit process has involved public input and expert evaluations, ensuring emissions will meet regulatory requirements. Perpetua anticipates a Supplemental Draft Environmental Impact Statement by Q3 2022.

Perpetua Resources (PPTA) commends Congress for addressing antimony supply chain vulnerabilities critical to U.S. national security. The House Armed Services Committee's NDAA report and related appropriations include $10 million to study domestic sourcing of antimony trisulfide for defense applications. Antimony, a mineral dominated by China and Russia, is vital for military munitions. The Stibnite Gold Project, located in Idaho, could become the only domestic source of antimony, currently reliant on foreign production. Legislative actions signal bipartisan support for strengthening the National Defense Stockpile.

Perpetua Resources Corp. (Nasdaq: PPTA) has selected IMCO Construction to initiate water quality improvements at the historical Stibnite mining district from July to October 2022. This effort follows the company's authorization from the EPA and USDA for time-critical cleanup due to contamination from past mining activities. Key actions include stream diversions and the removal of pollutants to restore the area. The project emphasizes Perpetua's commitment to environmental stewardship and aims to improve water quality in Idaho.

Perpetua Resources Corp. (Nasdaq: PPTA) announces the addition of Kopernik Global Investors LLC as a new shareholder following market purchases. The CEO, Laurel Sayer, highlights that Perpetua shares are undervalued compared to the Stibnite Gold Project's potential. The project aims to provide a domestic source of antimony and develop a significant gold mine while restoring a brownfields site. Currently, the project is advancing through the permitting process, with a Supplemental Draft Environmental Impact Statement expected in Q3 2022.

On May 26, 2022, Perpetua Resources Corp. (Nasdaq: PPTA) announced the results of its annual general meeting held on May 25. A total of 43,798,425 common shares were represented, amounting to 69.55% of the votes. Shareholders overwhelmingly approved the election of nine directors (99.64% in favor) and ratified PricewaterhouseCoopers as the independent auditor for the fiscal year 2022 (99.71% in favor). Additionally, a special resolution to amend quorum requirements was approved with 98.54% support.

Perpetua Resources Corp. (Nasdaq: PPTA) reported its unaudited financial results for Q1 2022 and detailed progress on the Stibnite Gold Project. Highlights include zero lost time incidents and environmental spills, the appointment of experienced board members, and the launch of a Sustainability Roadmap. The company continues to work on the permitting process through NEPA and expects the U.S. Forest Service to publish the Supplemental Draft Environmental Impact Statement in Q3 2022. Perpetua aims to produce critical minerals while restoring the brownfield site responsibly.

Perpetua Resources Corp. commended U.S. President Biden's invocation of the Defense Production Act to enhance domestic critical minerals supply for large-capacity batteries. This initiative supports the Stibnite Gold Project in Idaho, the only source of domestically mined antimony. The partnership with Ambri aims to utilize this antimony to power 13 GWh of energy storage, sufficient for 1 million homes. The project addresses national security by reducing reliance on foreign sources, as 90% of global antimony production is controlled by China, Russia, and Tajikistan.