Perpetua Resources Receives Final Federal Permit for Stibnite Gold Project

Core Points - The U.S. Army Corps of Engineers has issued the final federal Clean Water Act Section 404 permit for the Stibnite Gold Project, allowing Perpetua Resources to advance towards construction [1][2] - The project aims to be the only domestic source of antimony, enhancing U.S. national security and providing environmental and community benefits [1][2] - The Stibnite Gold Project is expected to create approximately 550 jobs during operations and produce around 450,000 ounces of gold annually in its first four years [2][3] Project Details - The Stibnite Gold Project is designed to redevelop the historical Stibnite Mining District for gold, silver, and antimony while restoring the environment [3][7] - The project holds approximately 4.8 million ounces of gold reserves and an estimated 148 million pounds of antimony, which could meet about 35% of U.S. antimony demand during its initial six years of production [2][3] - The project has undergone eight years of rigorous permitting, including multiple environmental impact statements, with over 23,000 letters of support received during public comment periods [3][4] Economic and Environmental Impact - The project is expected to bring significant investment to rural Idaho and enhance U.S. mineral security, especially after China cut off global antimony exports [2][4] - Environmental restoration efforts include improving water quality, restoring natural water flow, and increasing wetland acres and quality [5][6] - The project has been recognized as a Transparency Project by the Trump Administration, aimed at bolstering American mineral production [4][6] Company Background - Perpetua Resources Corp. focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, applying a modern and responsible mining approach [7] - The company has received $59.2 million in Defense Production Act funding to advance the project [7] - Perpetua Resources is committed to transparency, environmental stewardship, and community engagement as part of its operational strategy [7]