Perpetua Resources Welcomes Executive Order Powering Domestic Critical Mineral Production

Core Viewpoint - The Executive Order by President Trump aims to enhance American mineral production and reduce reliance on foreign sources, with the Stibnite Gold Project positioned as a key initiative for domestic antimony supply and gold production [1][2][3] Company Overview - Perpetua Resources Corp. focuses on the exploration, restoration, and redevelopment of gold-antimony-silver deposits in Idaho, specifically through the Stibnite Gold Project, which is one of the highest-grade open-pit gold deposits in the U.S. [5] - The Project is designed to implement modern mining practices while restoring an abandoned mine site and producing both gold and antimony, the latter being critical for national defense and energy industries [5][4] Project Significance - The Stibnite Gold Project is expected to supply up to 35% of annual U.S. antimony demand in its first six years of production, addressing national defense needs and countering China's market dominance [3] - Antimony is essential for various applications, including fire retardants, batteries, semiconductors, and is a key component in munitions [3][4] Financial Aspects - Perpetua Resources received a Letter of Interest from the U.S. Export-Import Bank for $1.8 billion in 2024, and is assessing new financing programs to support the Stibnite Gold Project [2] - The company has been awarded over$70 million from the Department of Defense to advance the Project, highlighting its strategic importance [3][5] Environmental and Community Impact - The Project aims to create hundreds of family-wage jobs, improve water quality, and restore fish habitats, while also addressing legacy contamination at the mine site [4][5] - The Project will be powered by one of the lowest carbon emissions grids in the nation, aligning with Perpetua's ESG and sustainable mining goals [5]