Perpetua Resources Unveils Next Steps to Secure Commercial Downstream Antimony Processing

Core Viewpoint - Perpetua Resources Corp. is advancing efforts to secure the American antimony supply chain through the Stibnite Gold Project, which is the only domestic reserve of antimony in the U.S. The company is preparing to issue a Request for Proposal (RFP) to explore off-site processing arrangements for commercial-grade antimony [1][2][3]. Group 1: Project Overview - The Stibnite Gold Project is the only domestic source of antimony in the United States, with a reserve of 148 million pounds designated for commercial purposes [2][5]. - The project aims to restore an abandoned mine site while producing both gold and antimony, which is crucial for U.S. defense needs [5]. Group 2: RFP Process - The RFP will assess the technical and economic feasibility of potential off-site processing facilities, focusing on factors such as production capacity, environmental track record, and creditworthiness [1][2]. - The final selection of a processing partner is expected to occur in the fourth quarter of 2025, following a due diligence review [4]. Group 3: Strategic Partnerships - The company has engaged in discussions with various parties, including Clarios, Glencore, Nyrstar, Sunshine Silver, and Trafigura, to secure processing arrangements that maximize shareholder value [3]. - The ongoing collaboration with the U.S. Army aims to secure the domestic supply chain of mil-spec antimony trisulfide, with the company awarded up to $22.4 million under an Ordnance Technology Initiative Agreement [2][3].