Perpetua Resources: Boosting American Mineral Production with the Stibnite Gold Project
Boise, Idaho, March 21, 2025 – Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA), a leading mineral exploration and development company, expressed its support for President Donald Trump’s Executive Order aimed at enhancing American mineral production and reducing the country’s dependence on foreign sources. The order comes as the Stibnite Gold Project (“Project”), owned by Perpetua Resources, is set to commence production in the United States, providing a domestic source for gold and the critical mineral antimony.
The Stibnite Gold Project: A Domestic Source of Valuable Minerals
Located in Idaho, the Stibnite Gold Project is a significant development for the U.S. mining industry. The Project’s positive Record of Decision from the U.S. Forest Service in January 2025 signaled the green light for the development, which will create jobs and contribute to the local and national economy. The Project is expected to produce approximately 1 million ounces of gold over its 13-year mine life, making it a substantial contributor to the U.S. gold supply
Moreover, the Stibnite Gold Project is the only known domestic source of antimony, a critical mineral used in various industries, including electronics, batteries, and defense applications. Antimony is essential for the production of flame retardants, which are used in numerous products such as plastics, textiles, and building materials. The Project’s ability to provide a domestic source of antimony is especially significant in light of the U.S.’s increasing reliance on foreign sources for this mineral.
Impact on the U.S. and the World
The Executive Order and the Stibnite Gold Project’s development have significant implications for both the United States and the world. For Americans, the order and the Project’s production will:
- Create jobs: The Project is expected to create approximately 450 jobs during construction and 250 jobs during operation, providing a much-needed boost to the local and national economy.
- Reduce dependence on foreign sources: By providing a domestic source for gold and antimony, the Stibnite Gold Project will help the U.S. reduce its reliance on foreign sources for these valuable minerals.
- Contribute to the national security: The Project’s production of antimony, a critical mineral used in defense applications, will help strengthen the U.S. military’s supply chain and bolster national security.
The impact of this development on the world goes beyond the United States:
- Global supply dynamics: The Stibnite Gold Project’s production of antimony will contribute to the global supply of this critical mineral, helping maintain a stable market and potentially driving down prices for consumers.
- Environmental stewardship: Perpetua Resources is committed to responsible mining practices, ensuring the Project’s development aligns with environmental regulations and minimizes its impact on the environment.
- Inspiration for other mining projects: The success of the Stibnite Gold Project could inspire other mining companies to invest in domestic mineral production, further reducing the U.S.’s reliance on foreign sources and contributing to the global economy.
Conclusion
The Stibnite Gold Project and President Trump’s Executive Order mark a significant milestone in the American mining industry’s quest for self-sufficiency. The Project’s production of gold and antimony will create jobs, reduce the U.S.’s reliance on foreign sources, and contribute to the national security. Furthermore, the global implications of this development include maintaining a stable antimony market, promoting environmental stewardship, and inspiring other mining projects. As the world continues to demand valuable minerals, the importance of domestic production cannot be overstated.
Perpetua Resources is proud to be at the forefront of this movement and looks forward to contributing to a stronger, more self-sufficient American economy and global mineral supply chain.
