Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Musk officially steps down from DOGE after wrapping...
HHS slams ‘under-tested’ mRNA technology as Trump cuts...
State Department says it will ‘aggressively’ revoke visas...
SEN. JEANNE SHAHEEN: If Trump wants a Ukraine...
Trump’s drastic NSC cuts spark debate: Does fighting...
GOP rails against ‘blatantly false’ Dem claims about...
SCOOP: GOP push for new House committee to...
Elon Musk criticism of Trump tax bill frustrates...
What’s next for DOGE after Elon Musk’s departure?...
Hamas faces ‘legitimacy crisis’ as desperate Gazans flock...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

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

by admin January 8, 2025
January 8, 2025
Perpetua Gets US Forest Service Approval for Stibnite Gold-Antimony Project

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

previous post
Lithium Market Forecast: Top Trends for Lithium in 2025
next post
Trudeau Resigns, Canadian and US Markets React

You may also like

Uranium Price Update: Q3 2024 in Review

October 29, 2024

Trump Administration Fast Tracks Permitting for Key US...

April 24, 2025

Copper Prices Surpass US$10,000 as US Tariff Fears...

March 22, 2025

What are Intrusion-related Gold Systems? (Updated 2025)

January 7, 2025

Mawson Finland Limited

November 5, 2024

Willem Middelkoop: Gold to Benefit as Chaos Rises,...

March 12, 2025

Theia Diamond Drilling Delivers Best Result Yet

January 28, 2025

Entitlement Issue Prospectus

July 24, 2024

US Plans to Triple Nuclear Power Capacity by...

November 16, 2024

NVIDIA Eyeing US$100 Million Investment in OpenAI’s US$100...

September 3, 2024

Recent Posts

  • Musk officially steps down from DOGE after wrapping work streamlining government
  • HHS slams ‘under-tested’ mRNA technology as Trump cuts Moderna’s vaccine funding
  • State Department says it will ‘aggressively’ revoke visas for Chinese students
  • SEN. JEANNE SHAHEEN: If Trump wants a Ukraine deal, he should reread his own book
  • Trump’s drastic NSC cuts spark debate: Does fighting the ‘Deep State’ put national security at risk?

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Categories

    • Business (747)
    • Investing (2,201)
    • Politics (2,719)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) 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.

    Copyright © 2024 Sightful Invest. All Rights Reserved.