On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended selling BP p.l.c. (NYSE:BP) .On the earnings front, BP, on Nov. 4, posted third-quarter adjusted earnings of 85 cents per American depositary share, topping the consensus estimate of 75 cents. Total revenue rose to $48.42 billion from $47.25 billion in the same quarter last year, falling short of analyst projections of $51.38 billion.Cramer said, although he likes Cencora, Inc. (NYSE:COR) a lot, Cardinal Health, Inc. (NYSE:CAH) has “got them all ...

U.S. stocks were mixed, with the Dow Jones gaining more than 600 points on Thursday.Shares of Diamond Hill Investment Group Inc (NASDAQ:DHIL) rose sharply during Thursday's session after First Eagle agreed to acquire the company for $175 per share in a $473 million all-cash deal.Diamond Hill Investment Group shares jumped 45.3% to $170.74 on Thursday.Here are some other big stocks recording gains in today’s session.Planet Labs PBC (NYSE:PL) gained 29.7% to $16.79 after the company reported better-than-expec ...

周四，稀土概念股走强，Perpetua Resources(PPTA.US)大涨10%，TMC the metals(TMC.US)涨超4%，克 利夫兰克里夫(CLF.US)涨超3%，MP Materials(MP.US)、USA Rare Earth(USAR.US)涨超1%。消息面 上，12月9日，Perpetua Resources宣布与爱达荷国家实验室合作建设模块化试点加工厂，旨在恢复锑等 关键矿物并用于国防应用，提升国内防御矿产加工能力。公司拥有Stibnite Gold项目，预计在矿山生命 周期内生产近1.5亿磅锑，支持国防矿物供应链和军事规格锑三硫化物生产。 ...

智通财经APP获悉，周四，稀土概念股走强，Perpetua Resources(PPTA.US)大涨10%，TMC the metals(TMC.US)涨超4%，克利夫兰克里夫(CLF.US)涨超3%，MP Materials(MP.US)、USA Rare Earth(USAR.US)涨超1%。消息面上，12月9日，Perpetua Resources宣布与爱达荷国家实验室合作建设模 块化试点加工厂，旨在恢复锑等关键矿物并用于国防应用，提升国内防御矿产加工能力。公司拥有 Stibnite Gold项目，预计在矿山生命周期内生产近1.5亿磅锑，支持国防矿物供应链和军事规格锑三硫化 物生产。 ...

Stibnite gold-antimony project in central Idaho. (Image: Amanda Stutt.) Perpetua Resources (Nasdaq, TSX: PPTA) partnered with the Idaho National Laboratory (INL) to host, commission and operate a flexible, modular pilot processing plant expected to be capable of recovering critical and defense-related minerals.The initiative — part of the Battelle Energy Alliance — is intended to demonstrate the feasibility of producing high-quality, military specification antimony trisulfide using material from Perpetua’s ...

BOISE, Idaho, Dec. 9, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") today announced that it has entered an agreement with the Idaho National Laboratory ("INL") via Battelle Energy Alliance LLC ("Battelle") for the INL to host, commission, and operate a flexible, modular pilot processing plant expected to be capable of recovering various critical and defense-related minerals, including antimony from the Company's ores. This init ...

Core Insights - Perpetua Resources Corp. aims to provide a domestic source of antimony while developing a significant gold mine in the U.S. [2][5] - The company has initiated construction on the Stibnite Gold Project, marking a key milestone for stakeholders and the state of Idaho [3] - A comprehensive project financing plan is in progress, with expectations for U.S. EXIM debt financing consideration by Spring 2026 [3][7] Financial Highlights - The company reported a successful equity offering in June and July 2025, raising $49 million [7] - A strategic equity investment closed on October 28, 2025, generating $255 million in gross proceeds [7] - A registered equity offering and concurrent private placement on October 30 and 31, 2025, raised an additional $78 million [7] Project Development - The Stibnite Gold Project is recognized as one of the highest-grade open pit gold deposits in the U.S. [5] - The project is designed to restore an abandoned mine site while producing gold and antimony, crucial for U.S. defense needs [5] - Early works construction began on October 21, 2025, following the receipt of financial assurance and the signed Plan of Operations from the U.S. Forest Service [7] Management Changes - Mark Murchison was appointed as Chief Financial Officer effective October 1, 2025, succeeding Jessica Largent [7] - Joe Fazzini was appointed as Vice President of Investor Relations on November 10, 2025 [7]

Financial Performance - The company reported a net loss of $25.76 million for the three months ended September 30, 2025, compared to a net loss of $3.56 million for the same period in 2024, indicating an increase in losses of about 620%[19] - For the nine months ended September 30, 2025, net loss was $40.0 million compared to $10.2 million in the same period of 2024, driven by a $24.7 million increase in exploration expenses[129] - Net loss for Q3 2025 was $25.8 million, up from a net loss of $3.6 million in Q3 2024, primarily due to a $17.6 million increase in exploration expenses[128] Assets and Liabilities - Total assets increased significantly to $544.89 million as of September 30, 2025, compared to $117.61 million at December 31, 2024, representing a growth of approximately 363%[18] - Total liabilities stood at $12.89 million as of September 30, 2025, compared to $8.75 million at December 31, 2024, reflecting an increase of approximately 47%[18] - Shareholders' equity increased to $531.99 million as of September 30, 2025, from $108.86 million at December 31, 2024, representing a growth of about 388%[21] Cash Flow and Financing - Cash and cash equivalents rose to $445.83 million at the end of September 2025, a substantial increase from $44.10 million at the beginning of the period, marking an increase of about 910%[23] - The company raised $473.76 million from the sale of common shares during the nine months ended September 30, 2025, compared to $11.01 million in the same period of 2024, indicating a significant increase in financing activities[23] - The company raised $807 million in aggregate gross proceeds from several equity offerings from June 2025 through October 2025[111] Exploration and Development Costs - Exploration expenses surged to $32.13 million for the three months ended September 30, 2025, up from $14.51 million in the same period of 2024, reflecting a year-over-year increase of approximately 121%[19] - Total exploration expenses for the nine months ended September 30, 2025, were $56.2 million, compared to $31.5 million in the same period of 2024[132] - Engineering costs for the nine months ended September 30, 2025, reached $32,486,009, more than double the $16,778,292 reported in 2024[94] Grants and Funding - The Company has been awarded government grants by the U.S. Department of War to fund research and development related to the Stibnite Gold Project[89] - For the three months ended September 30, 2025, the total grant income was $3,332,365, a decrease from $12,920,417 in the same period of 2024[90] - The DPA grant received cash of $592,242 during the three months ended September 30, 2025, compared to $11,667,011 in 2024, indicating a significant decline[90] Project Financing and Development - The Company received a preliminary financing term sheet from U.S. EXIM for $2 billion in debt financing for the Stibnite Gold Project, with due diligence expected to be completed by spring 2026[29] - The Company has a long-term plan to develop the Stibnite Gold Project, which will require additional financing expected to be secured in 2026[28] - The estimated total initial capital cost for the Stibnite Gold Project is approximately $2,215 million, excluding debt service and other financing costs[174] Legal and Regulatory Matters - The Company is involved in ongoing legal proceedings related to environmental claims, with a settlement agreement requiring total payments of $5.0 million over four years[79] - The Idaho Board of Environmental Quality upheld the air permit for the Project, but challenges to this permit are ongoing[169] - The Company believes the USFS ROD and other federal approvals were conducted thoroughly, but outcomes of ongoing lawsuits remain uncertain[167] Environmental and Community Engagement - The Company contributed $450,000 in cash to the Stibnite Foundation during the nine months ended September 30, 2025, totaling $750,000 since its establishment[74] - Future cash payments to the Stibnite Foundation include $500,000 upon commercial production and annual payments of at least $500,000 during commercial production[74] Management and Personnel - The company appointed Mark Murchison as Chief Financial Officer effective October 1, 2025[108] - The company is dependent on a small number of key personnel for critical management decisions, and the loss of any key personnel could adversely affect its operations[202] Risks and Challenges - The successful development of the Project requires obtaining committed financing and completing a multi-year construction process, with significant risks associated with establishing new mining operations[189] - Legal challenges may impact the company's mining, exploration, and development operations, potentially resulting in increased defense costs and delays in project approvals[196] - A prolonged U.S. federal government shutdown could materially affect the company's operations and financial condition, delaying regulatory approvals and impacting construction activities[204]

Core Insights - The article discusses the strategic advancements of Locksley Resources in U.S. antimony production, emphasizing its potential to enhance U.S. independence in critical minerals amidst global supply chain challenges [3][4][11]. Industry Overview - Antimony is experiencing high demand globally due to its critical role in defense and technology, with the global market projected to grow from USD 2.62 billion in 2025 to USD 4.83 billion by 2033 [4]. - A significant trade deal between the U.S. and China has temporarily paused export controls on rare earth minerals, impacting antimony stocks positively [4][5]. Company Developments - Locksley Resources is advancing its Mojave Project in California, focusing on antimony and rare earth elements [3]. - The company has achieved key technical milestones, including underground modeling and metallurgical processing updates, which support its Mine-to-Market strategy [5][6][12]. - The Desert Antimony Mine (DAM) Prospect has established an Exploration Target containing between 19,400 to 67,700 tonnes of antimony metal, providing a framework for future development [7]. - Recent bulk sampling has shown a head grade averaging 7.6% to 7.8% Sb, with flotation tests producing a premium concentrate grading 68.1% Sb, validating the company's processing pathway [8][10]. - Locksley is collaborating with Rice University to develop advanced antimony extraction technology and has signed a Memorandum of Understanding (MoU) with Hazen Research for U.S.-based processing capabilities [10]. Financial Performance - Perpetua Resources has announced a $71 million offering to fund the construction and development of its Stibnite Gold Project, indicating confidence in the long-term prospects of antimony [14]. - United States Antimony Corporation reported a significant increase in revenues for the first nine months of 2025, reaching $26.23 million, a 182% increase compared to the same period in 2024 [16][17].

Core Insights - Perpetua Resources Corp. (PPTA) is positioned to become one of the lowest-cost gold producers in a Tier 1 jurisdiction with its Stibnite project located in the US [1] Company Overview - Perpetua Resources Corp. is a single-asset developer focusing on gold production [1] - The Stibnite project is highlighted for its potential to deliver high-quality gold at low costs [1] Investment Perspective - The mining industry is believed to be entering an upward supercycle, particularly in base metals, which may present significant investment opportunities [1]