Perpetua Resources (TSX: PPTA)
Announced its wholly owned subsidiary, Perpetua Resources Idaho, Inc., has agreed to conduct metallurgical testing of antimony concentrate samples from Perpetua’s Stibnite Gold Project with Montana-based United States Antimony Corporation (NYSE: UAMY).
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| Perpetua Resources | TSX: PPTA |
| Stage | Development + Exploration |
| Metals | Gold, silver, Antimony |
| Market cap | C$1.21 billion @ C$17.21 |
| Location | Idaho, USA |
| Website | www.investors.perpetuaresources.com |
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Perpetua Resources Announces Continued Cooperation with U.S. Antimony
U.S. Antimony Corporation operates an antimony processing facility in Montana with potential capabilities to process certain quantities of antimony concentrate from the Stibnite Gold Project.
BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or “Perpetua” or the “Company”) today announced its wholly owned subsidiary, Perpetua Resources Idaho, Inc., has agreed to conduct metallurgical testing of antimony concentrate samples from Perpetua’s Stibnite Gold Project (“Project”) with Montana-based United States Antimony Corporation (NYSE: UAMY) (“USAC”).
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Jon Cherry, President and CEO of Perpetua Resources said,
“We are focused on exploring all possible avenues to build a fully American antimony supply chain.
“The antimony produced by the Stibnite Gold Project can serve America’s needs, and we’re dedicated to investigating all options to develop a fully domestic antimony supply chain.
The Stibnite Gold Project has an antimony reserve of 148 million pounds, making it one of the largest reserves of antimony not under Chinese influence and the only U.S. domestic reserve. The Project is expected to supply about 35 percent of total U.S. antimony demand in the first six years of operations, based on the 2023 USGS antimony commodity summary.
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To read the full news release, please click HERE
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Live Spot metal prices can be found HERE
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Disclosure
At the time of writing the author holds shares in Perpetua Resources
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