- Perpetua Resources stock (TSX:PPTA) is down in mid-day trading after the Trump administration selected the Stibnite gold-antimony project as a Transparency Project under its move to strengthen domestic critical mineral production
- Stibnite, one of the highest-grade, open-pit gold deposits in the United States, is poised to become the country’s only domestic source of antimony
- Perpetua Resources explores, restores and redevelops gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho
- Perpetua Resources stock has added 109.70 per cent year-over-year
Perpetua Resources stock (TSX:PPTA) is down in mid-day trading after the Trump administration selected the Stibnite gold-antimony project as a Transparency Project under its move to strengthen domestic critical mineral production.
Stibnite, one of the highest-grade, open-pit gold deposits in the United States, is poised to become the country’s only domestic source of antimony, a critical mineral used in ammunition, military-grade electronics, batteries and flame retardants. The project could supply about 35 per cent of domestic demand over its first six years of production, according to data from the 2023 U.S. Geological Survey, counteracting China’s recent ban on exports of the critical mineral to the U.S.
The project is one of an initial 10 selected by the National Energy Dominance Council for expedited permitting, benefitting from greater interagency transparency, coordination and oversight. Among these projects, those tied to publicly traded companies include:
- Warrior Met Coal Mines, developed by Warrior Met Coal (NYSE:HCC).
- Libby Exploration Project, developed by Hecla Mining (NYSE:HL).
- South West Arkansas Project, developed by Standard Lithium (TSXV:SLI).
- Silver Peak Lithium Mine, developed by Albemarle (NYSE:ALB).
According to Monday’s news release, management expects the final federal decision for Stibnite, pertaining to the U.S. Army Corps of Engineers Clean Water Act 404 permit, in Q2 2025.
Leadership insights
“Being recognized as a Transparency Project by the White House underscores the immense strategic value of the Stibnite gold project,” Jon Cherry, president and chief executive officer of Perpetua Resources, said in a statement. “We are honored by this selection, which validates the urgency and importance of our project for America’s economic and national security. We stand ready to restore the site and bolster American mineral independence.”
“The President’s Executive Order was right to recognize that if the U.S. is going to seriously compete against China, it needs to deploy federal tools to even the playing field for domestic mining projects,” Cherry added. “Defense Production Act Title III awards, the U.S. Export-Import Bank’s China Transformational Exports Program and Make More in America initiative, and other programs that extend capital for critical mineral production, can help meaningfully push back against China’s attempts to clinch global control over critical minerals.”
About Perpetua Resources
Perpetua Resources explores, restores and redevelops gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho.
Perpetua Resources stock (TSX:PPTA) is down by 1.04 per cent on the news trading at C$18 as of 11:23 am ET. The stock has added 107.85 per cent year-over-year.
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(Top image: Perpetua Resources)
