PPTA - Significant Funding Boost Advances Domestic Critical Mineral Project Through Permitting Stages | Benzinga
Source: Streetwise Reports 05/15/2024
Perpetua Resources Corp. (NASDAQ: PPTA) has released its unaudited condensed consolidated financial results for the first quarter ended March 31, 2024. The company is actively advancing its strategic initiatives to provide the U.S. with a domestic source of the critical mineral antimony and to develop one of the largest and highest-grade open-pit gold mines in the country at a restored brownfield site. The Stibnite Gold Project is progressing through the National Environmental Policy Act (NEPA) permitting process and enhancing its construction readiness.
During this period, Perpetua Resources maintained a strong safety and environmental record with zero lost time incidents or reportable environmental spills. Leadership enhancements were marked by the appointments of Jonathan Cherry as the new President and CEO and Jessica Largent, Chief Financial Officer, as a Director.
The company also entered into a new royalty agreement with Franco-Nevada Idaho Corporation, generating US$8.5 million in cash from net smelter return royalty on future payable silver production from the project properties. Furthermore, it continued to advance constructability reviews, value engineering studies, and detailed engineering.
Why Gold?
Hubert Moolman's Gold and Silver Research Analysis spoke highly of gold on May 5th. Moolman wrote, "Not only is gold in a bull run, but it has entered the phase which can be compared to a bank run (as previously explained) on the world financial system, with the U.S. dollar financial system acting as the world banker."
The previous month, on April 8th, Stockhead spoke to XM Australia CEO Mr Peter McGuire about the reasons for gold's increased demand.
McGuire stated, "With the Chinese stock market suffering and cryptos being banned there, the options for vehicles that local investors can profit from become very limited, and that's maybe one of the reasons for increasing ...