Mentioned:
The American government has been on a quest to find meaningful antimony production outside of China. And now, they’re betting on a publicly traded company to do it.
What’s happening:
- Perpetua Resources (NASDAQ: PPTA) has announced that their Stibnite Gold Project located in Idaho has been officially been selected as a Transparency Project by the White House
Why it matters:
- The White House’s declaration of the Stibnite Gold Project in Idaho being a Transparency Project is expected to dramatically accelerate regulatory approvals and potential federal funding
Going deeper:
- The White House recently signed an executive order focused on scaling up critical minerals in the United States of America and has deemed ten mining projects in the United States to be Transparency Projects that are deserving of expedited permitting, regulatory guidance and access to non dilutive government funding
- Antimony continues to be a highly important material input for everything from military ammunition to energy technology, which has only accelerated since China officially banned antimony exports to North America
- It is anticipated that Perpetua Resources could produce roughly a third of all the antimony needed annually in the United States once the Stibnite Gold Project is in full production
The intrigue:
- Perpetua Resources recently made waves when they received an official approval from the United States Forest Service to advance their Stibnite Gold Project, which came after more than a decade of political challenges and repeated negotiations with environmental groups
