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Perpetua Resources' Stibnite Gold Project Selected as Priority Project by White House
Prnewswireยท 2025-04-21 11:00
Core Points - The Stibnite Gold Project has been designated as a Transparency Project under President Trump's Executive Order aimed at enhancing U.S. mineral production and reducing reliance on foreign minerals [1][2] - The project is expected to supply critical mineral antimony, essential for national security and energy technology, with a decision on the final federal permit anticipated in Q2 2025 [2][5] Project Recognition and Strategic Importance - The recognition as a Transparency Project highlights the strategic value of the Stibnite Gold Project for America's economic and national security [2] - The project is positioned to produce gold and the only domestically mined source of antimony, potentially meeting up to 35% of U.S. antimony demand during its initial six years of production [5] Federal Support and Funding - The Executive Order directs federal agencies to streamline permitting for Priority Projects and utilizes Defense Production Act Title III awards to support domestic mining [3][4] - Perpetua Resources has received nearly $75 million in awards from the Department of Defense and a Letter of Interest from the U.S. Export-Import Bank for $1.8 billion [3] Environmental and Economic Benefits - The Stibnite Gold Project aims to create hundreds of family-wage jobs, restore salmon habitats, and address environmental contamination at a previously abandoned mine site [6] - The project will be powered by one of the lowest carbon emissions grids in the nation, aligning with Perpetua Resources' ESG and sustainable mining goals [7][8]