Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Investing

Perpetua Gets US Forest Service Approval for Stibnite Gold-Antimony Project

by Invest Daily Pro
January 8, 2025
in Investing
0
Perpetua Gets US Forest Service Approval for Stibnite Gold-Antimony Project
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Perpetua Resources (TSX:PPTA,NASDAQ:PPTA) has secured final approval from the US Forest Service (USFS) for its Stibnite gold project in Idaho, advancing the redevelopment of the long-dormant site.

The approval follows eight years of interagency review, environmental assessment and public consultation.

According to the company, Stibnite is notable for containing the only identified reserve of antimony in the US. The mineral is critical to the defense, energy storage and advanced technology sectors.

While Stibnite is expected to be one of the country’s highest-grade open-pit gold mines, Perpetua also believes the asset will help reduce US dependence on foreign supply chains, particularly in light of Chinese export restrictions.

The site, located in Valley County, Idaho, has been inactive for decades. The company’s redevelopment plan includes extracting gold, silver and antimony, while undertaking comprehensive environmental remediation of the area.

Stibnite is projected to generate over US$1 billion, and will create an estimated 550 jobs during its operational phase.

Jon Cherry, president and CEO of Perpetua, described the approval as a key step in advancing to construction.

“This approval elevates the Stibnite Gold Project to an elite class of projects in America that have cleared (the National Environmental Policy Act),” he said in the company’s Monday (January 6) press release. “The Stibnite gold project can deliver decisive wins for our communities, the environment, the economy, and our national security.’

In addition to future development, Perpetua’s plan outlines the removal of old tailings, waste rock and other materials that have contributed to water quality issues in the area. Cascade Mayor Judy Nissula welcomed the project’s approval, citing its potential economic benefits and Perpetua’s engagement with the local community.

“These are the type of companies we want in Cascade and we look forward to Perpetua’s next chapter in our community now that they received a positive Final Record of Decision from the U.S. Forest Service,” she remarked.

Stibnite is expected to produce approximately 450,000 ounces of gold annually during its initial four years of operation, alongside additional antimony production. The project’s estimated antimony reserves are projected to meet about 35 percent of US annual demand for the critical mineral over the first six years of operation.

Antimony is listed by the US government as a critical mineral due to its use in munitions, batteries and flame retardants.

The approval process for Stibnite began in 2016, and the Forest Service issued a draft environmental impact statement (EIS) in 2020, followed by a supplemental draft EIS in 2022 and a final EIS in late 2024.

Perpetua Resources has secured funding through a technology investment agreement under the Defense Production Act, which allocates US$59.2 million to support construction readiness and permitting.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

ShareTweetPin

Related Posts

NVIDIA Facing Weak Demand for New Chip as Chinese Firms Turn to Homegrown Silicon
Investing

NVIDIA Facing Weak Demand for New Chip as Chinese Firms Turn to Homegrown Silicon

September 17, 2025
Newmont Withdraws from Mount Coolon Joint Venture, GBM Regains Full Ownership
Investing

Newmont Withdraws from Mount Coolon Joint Venture, GBM Regains Full Ownership

September 17, 2025
Angkor Resources: Unlocking Cambodia’s Resource Potential through Energy and Minerals Assets
Investing

Angkor Resources: Unlocking Cambodia’s Resource Potential through Energy and Minerals Assets

September 16, 2025
Alice Queen raises $1M via issue of Convertible Notes
Investing

Alice Queen raises $1M via issue of Convertible Notes

September 16, 2025
Barrick’s Plan to Sell Hemlo Mine for US$1.09 Billion Marks Canadian Exit
Investing

Barrick’s Plan to Sell Hemlo Mine for US$1.09 Billion Marks Canadian Exit

September 15, 2025
Prismo Metals Identifies Porphyry Style Mineralization at Silver King
Investing

Prismo Metals Identifies Porphyry Style Mineralization at Silver King

September 15, 2025
Next Post
Trudeau Resigns, Canadian and US Markets React

Trudeau Resigns, Canadian and US Markets React

Recommended

Pinoy music goes global on Spotify

Pinoy music goes global on Spotify

October 14, 2024
PHL aims to be in top 20% in World Bank’s Business Ready report

PHL aims to be in top 20% in World Bank’s Business Ready report

October 28, 2024
Balancing Fitness, Work, and Mindful Snacking

Balancing Fitness, Work, and Mindful Snacking

September 20, 2024
Optimum Automotive acquired by Shiftmove in pursuit of industry leadership

Optimum Automotive acquired by Shiftmove in pursuit of industry leadership

October 15, 2024
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

April 6, 2025
How SMEs Can Leverage Gamification Techniques to Enhance Customer Engagement

How SMEs Can Leverage Gamification Techniques to Enhance Customer Engagement

November 18, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved