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Perpetua Resources Corp. Common Shares - PPTA STOCK NEWS

Welcome to our dedicated page for Perpetua Resources Common Shares news (Ticker: PPTA), a resource for investors and traders seeking the latest updates and insights on Perpetua Resources Common Shares stock.

Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) is a renowned mineral exploration company focused on the redevelopment and restoration of the historic Stibnite Gold Project in central Idaho's Stibnite-Yellow Pine mining district. The project consolidates ownership of this past-producing gold district under a single entity for the first time in history.

Perpetua Resources aims to bring a modern, responsible mining approach to one of the highest-grade open-pit gold deposits in the United States. The company is committed to restoring the abandoned mine site while producing both gold and antimony— an essential mineral for national defense and clean energy applications. Their exploration includes gold, antimony, and silver deposits.

Currently, Perpetua Resources is advancing the permitting process through the National Environmental Policy Act (NEPA) and preparing for construction readiness. The company received significant funding, including a $15.5 million award from the Department of Defense and recent additional funding of up to $34.6 million under the Technology Investment Agreement (TIA) through the Defense Production Act (DPA).

In recent developments, Perpetua announced several milestones:

  • Appointment of Michael Wright as Vice President of Projects.
  • A settlement agreement with the Nez Perce Tribe.
  • Continued cleanup activities of legacy waste.
  • Receipt of a Letter of Interest from the Export-Import Bank of the United States for potential debt financing of up to $1.8 billion.
  • Completion of a royalty agreement with Franco-Nevada Corporation for future payable silver production.

Perpetua Resources' commitment to ESG (Environmental, Social, and Governance) principles is evident in their efforts to minimize carbon emissions and supply antimony to Ambri, a US-based company developing low-cost liquid metal batteries. The company's initiatives include using the lowest carbon emissions grid in the nation.

Despite advancements, the company faces challenges such as dependency on key personnel, permitting delays, and financial uncertainties. As of their latest filings, Perpetua also explores various funding opportunities to support development and maintain liquidity.

For more information, visit the company’s filings on EDGAR and SEDAR.

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Perpetua Resources Corp. (Nasdaq: PPTA) has appointed Iron Woman Construction to conduct significant environmental restoration in the Stibnite Mining District, starting June 2023.

The initiative aims to relocate over 300,000 tons of legacy mine waste to enhance water quality in the area. This project is part of Perpetua's commitment to safe and sustainable mining practices.

Iron Woman, a Native American-owned firm, will employ a local workforce and oversee cleanup under EPA and USDA supervision. The project is expected to contribute to improved environmental conditions and community engagement while continuing ongoing cleanup efforts initiated in 2022.

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Perpetua Resources Corp. (NASDAQ: PPTA) announced a schedule update from the U.S. Forest Service indicating the Final Environmental Impact Statement and draft Record of Decision for the Stibnite Gold Project are expected by year-end 2023, with a final decision in early 2024. Supported by $24.8 million from the U.S. Department of Defense, the project aims to establish domestic antimony sources critical for defense needs. The project is recognized as the Preferred Alternative, which is projected to enhance environmental conditions while creating economic opportunities in Idaho.

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Perpetua Resources Corp. (PPTA) filed its Annual Report for the year ending December 31, 2022, detailing significant achievements and future plans. Highlights include zero lost time incidents and environmental spills, and funding awards totaling $224,000 from the Department of Defense to study antimony production. The US Forest Service identified Perpetua's proposed action as the Preferred Alternative in the Supplemental Draft Environmental Impact Statement for the Stibnite Gold Project. The company strengthened its leadership and initiated early restoration activities to enhance environmental conditions. These efforts position Perpetua for future success in advancing the Project.

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Perpetua Resources Corp. (Nasdaq: PPTA) announced that over 15,000 supportive comments were submitted during the 75-day comment period for its Supplemental Draft Environmental Impact Statement (SDEIS) on the Stibnite Gold Project. This significant milestone advances the permitting process towards a Final Environmental Impact Statement (FEIS). The project aims to secure the only domestic source of antimony, enhance national security, restore a former mining site, and create hundreds of jobs in Idaho. Final decisions are anticipated by mid-2023.

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Perpetua Resources Corp. (Nasdaq: PPTA) has received up to $24.8 million in funding under the Defense Production Act to support the Stibnite Gold Project. This funding will facilitate environmental studies and construction readiness, ensuring the domestic supply of antimony, critical for national defense. The project aims to restore environmental conditions while becoming the only mined source of antimony in the U.S. Additionally, Perpetua anticipates this funding will provide sufficient liquidity to advance permitting and early restoration activities.

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Perpetua Resources Corp. (Nasdaq: PPTA) reported its financial results for the period ending September 30, 2022. The company aims to develop a significant gold mine while restoring a brownfield site, focusing on the Stibnite Gold Project. Highlights from Q3 include zero lost time incidents, completion of fieldwork, and progress in mediation discussions with the Nez Perce Tribe. The U.S. Forest Service designated Perpetua's Modified Mine Plan as the Preferred Alternative in the Supplemental Draft Environmental Impact Statement, marking a key milestone. The public review period ends on January 10, 2023.

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Perpetua Resources Corp. announced that the United States Forest Service identified its Modified Mine Plan as the Preferred Alternative in the Supplemental Draft Environmental Impact Statement. The plan aims to improve water quality and fish habitats while reducing long-term water treatment needs at the Stibnite Gold Project. Significant benefits include a net increase in fish habitats, improved water quality with reductions in arsenic and antimony levels, and enhanced stream temperatures. The USFS's recognition is a major milestone for the Project as it progresses through the NEPA process.

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Perpetua Resources Corp. (Nasdaq: PPTA) announced that the U.S. Forest Service has identified its Stibnite Gold Project's Modified Mine Plan as the Preferred Alternative in the Supplemental Draft Environmental Impact Statement (SDEIS). This designation represents a significant milestone in the National Environmental Policy Act (NEPA) process, allowing the project to advance. The Stibnite Gold Project aims to restore an abandoned mine while providing the only U.S.-mined source of antimony, crucial for national defense and clean energy. Public comments on the SDEIS are open for 75 days until January 10, 2023.

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Perpetua Resources Corp. (Nasdaq: PPTA) completed its summer 2022 field program aimed at improving water quality in the historic Stibnite mining district. This initiative, authorized in 2021 via an agreement with the EPA and USDA, addresses contamination from past mining activities. Key actions included enhancing diversion channels and removing legacy waste to restore streamflow. Future plans involve relocating 325,000 tons of historical mine waste in 2023. The Stibnite Gold Project aims to implement sustainable mining practices while restoring the environment.

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FAQ

What is the current stock price of Perpetua Resources Common Shares (PPTA)?

The current stock price of Perpetua Resources Common Shares (PPTA) is $11.08 as of January 3, 2025.

What is the market cap of Perpetua Resources Common Shares (PPTA)?

The market cap of Perpetua Resources Common Shares (PPTA) is approximately 754.3M.

What does Perpetua Resources Corp. focus on?

Perpetua Resources focuses on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho.

What is the Stibnite Gold Project?

The Stibnite Gold Project is one of the highest-grade open-pit gold deposits in the U.S., aimed at modern, responsible mining while restoring an abandoned site and producing gold and antimony.

What recent funding has Perpetua Resources received?

Perpetua Resources received funding including $15.5 million from the Department of Defense and up to $34.6 million through the DPA's TIA. They also received a Letter of Interest from the Export-Import Bank of the United States for potential debt financing up to $1.8 billion.

What are some recent achievements of Perpetua Resources?

Recent achievements include the appointment of key personnel, a settlement agreement with the Nez Perce Tribe, continued waste cleanup, and a royalty agreement with Franco-Nevada for future silver production.

What are Perpetua Resources' ESG commitments?

Perpetua Resources is committed to environmental stewardship, transparency, community engagement, and safety. Their ESG initiatives include minimizing carbon emissions and producing critical minerals for the low-carbon energy transition.

Where can I find financial information about Perpetua Resources?

Financial information about Perpetua Resources can be found in their filings available on EDGAR and SEDAR.

What challenges does Perpetua Resources face?

Challenges include dependency on key personnel, potential permitting delays, financial uncertainties, and the need for additional funding for project development.

What role does antimony play in Perpetua Resources' projects?

Antimony is essential for national defense as a key component for munitions and clean energy applications. The Stibnite Gold Project aims to re-establish a U.S. source of mined antimony.

How is Perpetua Resources advancing its projects?

Perpetua Resources is advancing its projects by securing funding, progressing through the NEPA permitting process, and preparing for construction readiness while engaging in environmental and community initiatives.

What is the significance of the royalty agreement with Franco-Nevada?

The royalty agreement with Franco-Nevada allows Perpetua Resources to monetize its future payable silver production, enhancing liquidity and supporting near-term priorities not covered by government funding.
Perpetua Resources Corp. Common Shares

Nasdaq:PPTA

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