Perpetua Resources Corp Stock Price, News & Analysis

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.

On July 12, 2022, Perpetua Resources Corp. (Nasdaq: PPTA) marked the commencement of environmental cleanup activities in Idaho's Stibnite mining district. This multi-million-dollar project aims to remove 325,000 tons of legacy mine waste and improve water quality, addressing long-standing contamination from historical mining. The initiative, supported by local officials and the EPA, signals a commitment to responsible mining and environmental stewardship. The Stibnite Gold Project will also aim to produce gold and antimony while advancing sustainable mining practices.

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.