Perpetua Resources up after signing agreement to explore antimony processing

Perpetua Resources

09/12/2024 15:11

** Shares of mining company Perpetua Resources  PPTA.O  rise
4.5% to $12.79
    ** Co's Idaho unit to explore antimony processing
opportunities with private firm Sunshine Silver Mining &
Refining Company
    ** Both companies will evaluate technical potential for
antimony processing and refining from the Stibnite Gold Project
at the Sunshine Mine Complex in Idaho
    ** Antimony is widely used in defense, clean energy and
semiconductor applications 
    ** "The Stibnite Gold Project is the only identified
domestic reserve of antimony ... with final federal decisions
expected in a matter of weeks, Perpetua is ready to work with
U.S. companies to help secure domestic production of antimony,"
said Jon Cherry, Perpetua's CEO
    ** Including session's moves, stock up 286.1% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))