Perpetua in talks with Glencore, others for US antimony processing; shares rise

Shares of mining company Perpetua Resources PPTA.O rise 3.1% to $19.58 premarket

Co says it is in talks with Glencore GLEN.L, TrafiguraTRAFG.UL, Clarios and Sunshine Silver about partnership to refine antimony in U.S.

PPTA plans to seek proposals in coming weeks, with decision expected by end of year

Co is expected to begin construction of its antimony and gold mine in Idaho; mine will be largest U.S. supplier of antimony

PPTA says it "is pursuing processing arrangements that maximize value for shareholders while securing an antimony supply chain for U.S. consumers"

Co only plans to extract antimony but not refine it, fueling push to secure processing partnerships

As of last close, stock is up 78% YTD