- Perpetua Resources (TSX:PPTA) has begun early works construction on the Stibnite Gold Project after securing US$139 million in financial assurance and receiving final approval from the U.S. Forest Service.
- The project is the only domestic source of antimony, a critical mineral for defense and industry, and is expected to produce 450,000 ounces of gold annually in its first four years.
- Stibnite will create over 950 construction jobs, restore environmental damage at the historic mine site, and is progressing toward US$2 billion in financing through U.S. EXIM Bank programs
- Perpetua Resources stock (TSX:PPTA) last traded at C$2.41
Perpetua Resources (TSX:PPTA) has officially commenced early works construction at its flagship Stibnite Gold Project in central Idaho, marking a pivotal moment in the development of one of the United States’ most strategically significant mining ventures.
In a media release, the company said the groundbreaking follows the posting of US$139 million in construction-phase financial assurance and confirmation from the U.S. Forest Service (USFS) that all requirements outlined in the 2025 Record of Decision (ROD) have been satisfied. With the Plan of Operations signed and the conditional Notice to Proceed received in September, Perpetua secured the final green light to begin construction on October 17.
The Stibnite Gold Project is the only known domestic reserve of antimony, a critical mineral used in defense and industrial applications. With China currently restricting antimony exports, the project is seen as a vital step toward securing U.S. supply chains. In addition to antimony, the site holds approximately 4.8 million ounces of gold and is expected to produce 450,000 ounces annually during its first four years.
Beyond its economic and strategic importance, the project is designed to remediate environmental damage from historical mining operations. Plans include reconnecting fish to native spawning grounds and restoring aquatic habitats.
Perpetua anticipates creating over 950 direct jobs during construction and more than 550 during operations. The company is also progressing toward securing up to US$2 billion in debt financing through the U.S. Export-Import Bank’s export programs, with final board consideration expected by spring 2026.
The project has received US$80 million in federal funding and is prioritized under the U.S. government’s Transparency Project initiative, underscoring its national significance.
Perpetua Resources explores, restores and redevelops gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho.
Perpetua Resources stock (TSX:PPTA) last traded at C$2.41 and has risen 116.08 per cent since the year began and has also grown 124.71 per cent since time last year.
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