Perpetua rises on US nod to begin construction on Stibnite mine
ReutersSep 19, 2025 10:21 AM
Shares of mining company Perpetua Resources PPTA.O up 2% at $17.8 premarket
Company receives conditional notice from U.S. Forest Service (USFS) to proceed with construction of its Stibnite gold and antimony project
Notice says project may begin construction conditioned only on PPTA posting joint financial assurance bonding agreed to by USFS, Idaho Department of Lands and U.S. Army Corps of Engineers
Mine is expected to supply more than 35% of annual antimony needs in U.S. by 2028 and produce 450,000 ounces of gold per annum
As of last close, stock up 63% YTD
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