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

Shares of mining company Perpetua Resources PPTA.O hit more than a 12-year high of $22.62; last up 10.8%

Says 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

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"

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

Including session's moves, stock is up ~96% YTD