Perpetua Resources Corp Stock Price, News & Analysis

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.

Perpetua Resources Corp. (Nasdaq: PPTA) announced the appointment of Laura Dove to its Board of Directors, effective immediately. With over 30 years of government relations experience, Dove previously led federal government relations at Ford Motor Company. Her expertise aims to strengthen Perpetua's role in supporting critical mineral supply chains in the U.S. This appointment enhances the board's gender diversity and aligns with Perpetua's goal to develop a high-grade gold mine while adhering to strong ESG principles.

Perpetua Resources Corp. (Nasdaq: PPTA) announced the promotion of Jessica Largent to Chief Financial Officer, effective April 1, 2022. Largent, who joined the company in February 2021, previously served as Vice President of Finance. She played a vital role in securing a $57.5 million public equity offering in August 2021 and establishing a supply agreement for antimony production to support U.S. energy decarbonization. Additionally, Chris Fogg has been hired as Manager of Investor Relations, enhancing the leadership team as it advances the Stibnite Gold Project.