Welcome to our dedicated page for Perpetua Resources news (Ticker: PPTA), a resource for investors and traders seeking the latest updates and insights on Perpetua Resources 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.
Perpetua Resources Corp. (Nasdaq: PPTA) announces the addition of Kopernik Global Investors LLC as a new shareholder following market purchases. The CEO, Laurel Sayer, highlights that Perpetua shares are undervalued compared to the Stibnite Gold Project's potential. The project aims to provide a domestic source of antimony and develop a significant gold mine while restoring a brownfields site. Currently, the project is advancing through the permitting process, with a Supplemental Draft Environmental Impact Statement expected in Q3 2022.
On May 26, 2022, Perpetua Resources Corp. (Nasdaq: PPTA) announced the results of its annual general meeting held on May 25. A total of 43,798,425 common shares were represented, amounting to 69.55% of the votes. Shareholders overwhelmingly approved the election of nine directors (99.64% in favor) and ratified PricewaterhouseCoopers as the independent auditor for the fiscal year 2022 (99.71% in favor). Additionally, a special resolution to amend quorum requirements was approved with 98.54% support.
Perpetua Resources Corp. (Nasdaq: PPTA) reported its unaudited financial results for Q1 2022 and detailed progress on the Stibnite Gold Project. Highlights include zero lost time incidents and environmental spills, the appointment of experienced board members, and the launch of a Sustainability Roadmap. The company continues to work on the permitting process through NEPA and expects the U.S. Forest Service to publish the Supplemental Draft Environmental Impact Statement in Q3 2022. Perpetua aims to produce critical minerals while restoring the brownfield site responsibly.
Perpetua Resources Corp. commended U.S. President Biden's invocation of the Defense Production Act to enhance domestic critical minerals supply for large-capacity batteries. This initiative supports the Stibnite Gold Project in Idaho, the only source of domestically mined antimony. The partnership with Ambri aims to utilize this antimony to power 13 GWh of energy storage, sufficient for 1 million homes. The project addresses national security by reducing reliance on foreign sources, as 90% of global antimony production is controlled by China, Russia, and Tajikistan.
Perpetua Resources Corp. (Nasdaq: PPTA) announced the appointment of Laura Dove to its Board of Directors, effective immediately. With over 30 years of government relations experience, Dove previously led federal government relations at Ford Motor Company. Her expertise aims to strengthen Perpetua's role in supporting critical mineral supply chains in the U.S. This appointment enhances the board's gender diversity and aligns with Perpetua's goal to develop a high-grade gold mine while adhering to strong ESG principles.
Perpetua Resources Corp. (Nasdaq: PPTA) announced the promotion of Jessica Largent to Chief Financial Officer, effective April 1, 2022. Largent, who joined the company in February 2021, previously served as Vice President of Finance. She played a vital role in securing a $57.5 million public equity offering in August 2021 and establishing a supply agreement for antimony production to support U.S. energy decarbonization. Additionally, Chris Fogg has been hired as Manager of Investor Relations, enhancing the leadership team as it advances the Stibnite Gold Project.
Perpetua Resources Corp. (PPTA) endorses the Idaho Congressional Delegation's push for expedited permitting of critical mineral projects, vital for U.S. economic security amidst geopolitical tension. The Stibnite Gold Project aims to restore an abandoned mine while producing gold and antimony, a crucial mineral for clean energy and defense. With over 75% of antimony production controlled by foreign nations like China and Russia, the project could secure the only domestically mined antimony source, enhancing energy independence and supporting defense needs.
Perpetua Resources Corp. (Nasdaq: PPTA) announced that the U.S. Forest Service is set to publish a Supplemental Draft Environmental Impact Statement (SDEIS) for the Stibnite Gold Project in early Q3 2022. This project aims to responsibly mine gold and antimony, a critical mineral for clean energy and defense. The USFS has made significant progress in its review, responding to over 850 public comments. The Stibnite Gold Project is crucial for reducing U.S. reliance on foreign antimony sources, with the U.S. Geological Survey reporting substantial dependence on imports.
Perpetua Resources Corp. (Nasdaq: PPTA) has appointed PricewaterhouseCoopers LLP as its new auditor, replacing Deloitte LLP, following a competitive review process. This transition is part of the company's shift to being a U.S. Domestic Issuer. President and CEO Laurel Sayer expressed gratitude towards Deloitte for their support over the past decade. Notably, there were no modified opinions or reportable events from the Former Auditor's audits. The appointment received approval from the Board of Directors and the Audit Committee.
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