BOISE, Idaho, May 3, 2021
/PRNewswire/ - Perpetua Resources Corp.
(Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or the
"Company") announces it has signed a collaboration agreement (the
"Agreement") with United States Antimony Corporation (NYSE:
UAMY)("USAC") to study the potential for processing the
Stibnite Gold Project's antimony concentrate at USAC's processing
facilities. Perpetua Resources is in the process of permitting
America's only mined source of antimony. It is estimated the
Stibnite Gold Project has the potential to supply approximately 35
percent of American antimony demand in the first six years of
production1.
"Critical minerals are the building blocks of
a strong domestic supply chain and play a key role
in our transition to a greener economy," said Laurel Sayer, CEO of Perpetua Resources.
"America has the brainpower, spirit of innovation and
work ethic to continue to solve some of the world's
toughest problems. However, we lack the minerals and
materials we need to bring those solutions to life. Perpetua
Resources can play a key role in re-establishing domestic antimony
production and protecting America's energy, technology and defense
future."
The Agreement outlines a plan for the Company to send samples of
Stibnite's antimony concentrate to the facilities owned by USAC to
study the viability of entering into a long-term partnership to
secure the domestic sourcing of the critical mineral antimony.
Antimony is one of 35 federally designated critical
minerals for its use in the national defense, technology
and green energy
sectors. It has also been named a critical
mineral in Canada, Australia
and the European Union. Antimony strengthens alloys and makes
them resistant to corrosion. It is used in munitions for
national defense, flame retardants, wind and hydro turbines, solar
panels, large storage batteries, spaceships, cell phones,
semiconductors, plastics and cable sheathing.
Currently, there is no mined source of antimony in
the United States. The Stibnite
Gold Project, along with USAC's domestic processing
abilities, presents an opportunity
to re-establish the American supply chain of
this critical mineral. China, Russia and Tajikistan control the
overwhelming majority of the world's antimony, supplying more than
90 percent of the global production.2
Perpetua Resources plans to host an in-depth webinar on the
critical mineral antimony at 12:00 p.m.
EDT or 10:00 a.m. MDT on
May 4, 2021. Please RSVP
here. More information can also be found
at https://perpetuaresources.com/antimony/.
1 Based
on the results of an independent feasibility study technical report
titled "Stibnite Gold Project, Feasibility Study Technical Report,
Valley County, Idaho" with an effective date of December 22, 2020
and an issue date of January 27, 2021, which is intended to be read
as a whole and sections should not be read or relied upon out of
context.
|
2 Source:
2021 USGS Antimony commodity summary
|
About Perpetua Resources and the Stibnite Gold
Project
Perpetua Resources, through its wholly owned
subsidiaries, is focused on the exploration, site restoration and
redevelopment of gold-antimony-silver deposits in the
Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite
Gold Project. The Project is one of the highest-grade, open pit
gold deposits in the United States
and is designed to apply a modern, responsible mining approach to
restore an abandoned mine site and produce both gold and the only
mined source of antimony in the United
States. Antimony is a federally designated critical mineral
for its use in the national defense, aerospace and technology
sectors. In addition to the company's commitments to transparency,
accountability, environmental stewardship, safety and community
engagement, Perpetua Resources adopted formal ESG commitments which
can be found here.
Forward-Looking
Information
Statements contained in
this news release that are not historical facts are
"forward-looking information" or "forward-looking statements"
(collectively, "Forward-Looking Information") within the meaning of
applicable Canadian securities legislation and the United States
Private Securities Litigation Reform Act of 1995. Forward-Looking
Information includes, but is not limited to, disclosure regarding
possible events, next steps and courses of action including the
potential for processing the Company's antimony concentrate at
USAC's processing facilities; the potential for re-establishing
domestic antimony production in the
United States; and the anticipated benefits of the
foregoing. In certain cases, Forward-Looking Information can be
identified by the use of words and phrases or variations of such
words and phrases or statements such as "anticipates", "complete",
"expected", "ensure", and "potential", in relation to certain
actions, events or results "could", "may", "will", "would", be
achieved. In preparing the Forward-Looking Information in this news
release, Perpetua Resources has applied several material
assumptions, including, but not limited to, assumptions that the
current objectives concerning the Stibnite Gold Project can be
achieved and that its other corporate activities will proceed as
expected; and that general business and economic conditions will
not change in a materially adverse manner. Forward-Looking
Information involves known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of Perpetua Resources to be materially different from
any future results, performance or achievements expressed or
implied by the Forward-Looking Information. Such risks and other
factors include, among others, changes in laws and regulations and
changes in the application of standards pursuant to existing laws
and regulations which may result in unforeseen results in the
permitting process; risks related to dependence on key personnel;
risks related to opposition to the Project; risks related to the
outcome of litigation and potential for delay of the Project, as
well as those factors discussed in Perpetua Resources' public
disclosure record. Although Perpetua Resources has attempted to
identify important factors that could affect Perpetua Resources and
may cause actual actions, events or results to differ materially
from those described in Forward-Looking Information, there may be
other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
Forward-Looking Information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on Forward-Looking Information. Except as
required by law, Perpetua Resources does not assume any obligation
to release publicly any revisions to Forward-Looking Information
contained in this news release to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
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SOURCE Perpetua Resources Corp.