Perpetua Resources' Stibnite Gold Project Gains Priority Recognition from White House

In a significant move for the U.S. mining industry, Perpetua Resources Corp. has announced that its Stibnite Gold Project has been selected as a Priority Project by the White House. This designation comes in response to an Executive Order aimed at bolstering domestic mineral production and decreasing reliance on foreign suppliers for critical minerals. The project is one of only ten selected by the National Energy Dominance Council (NEDC) to be highlighted on the Federal Permitting Improvement Steering Council’s dashboard.

CEO Jon Cherry expressed pride in this recognition, which reflects the strategic importance of the Stibnite Gold Project. Cherry stated that the selection underscores not just the project’s economic value but also its implications for national security. By restoring the Stibnite site, Perpetua aims to enhance U.S. mineral independence, especially in the wake of rising tensions surrounding global supply chains.

The Stibnite Gold Project, which recently secured a Record of Decision from the U.S. Forest Service, is uniquely equipped to supply antimony, a mineral deemed crucial for various national security and energy technologies. The project's timeline includes a federal decision on the U.S. Army Corps of Engineers’ Clean Water Act 404 permit, anticipated in the second quarter of 2025.

The Executive Order, issued on March 20, 2025, instructs federal agencies to streamline the permitting process for selected Priority Projects. This directive not only enhances efficiency but also empowers the utilization of Defense Production Act Title III awards to promote domestic mining initiatives. Perpetua has already made significant strides in securing federal support, having received awards exceeding $75 million from the Department of Defense, along with a Letter of Interest from the Export-Import Bank for $1.8 billion.

Cherry remarked on the need for the U.S. to level the playing field against China, leveraging federal tools to empower domestic mining operations. The Stibnite Gold Project is set to be a key player in the supply of antimony, which is particularly vital in defense and energy sectors, especially as recent export bans from China threaten U.S. supply chains. It is estimated that the project could provide up to 35% of U.S. antimony demand during its initial production phase.

In addition to bolstering the national mineral supply, the Stibnite Gold Project promises numerous local benefits. It is designed to create hundreds of high-paying jobs in rural Idaho while also addressing environmental concerns. The initiative includes restoring critical salmon spawning habitats and improving water quality at a previously contaminated site, showcasing a commitment to responsible mining practices.

Since entering the formal permitting process in 2016, Perpetua Resources has achieved numerous milestones in environmental assessment, including the issuance of several Environmental Impact Statements leading up to the recent Record of Decision. As the project moves forward, it aims to balance economic growth with environmental stewardship, aligning with broader trends toward sustainable and responsible mining operations.

As the Stibnite Gold Project progresses, it stands as a vital example of how strategic mining initiatives can enhance U.S. mineral independence while addressing environmental and community needs. Perpetua Resources is dedicated to ensuring transparency, environmental safety, and community engagement throughout the project's lifecycle, committing to advance its Environmental, Social, and Governance (ESG) goals effectively.

For more information on the Stibnite Gold Project and Perpetua Resources, visit www.perpetuaresources.com.