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4 stories mentioning PPTAUpdated 37d ago

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Wire

Perpetua Resources Shares Rise After Gold, Antimony, Tungsten Discoveries in Idaho Project

Perpetua Resources (PPTA) shares rose more than 6% in premarket activity Friday after the company said that exploratory drilling revealed significant, high-grade gold, antimony and tungsten results between the Yellow Pine and West End reserve pits in Valley County, Idaho.The results showed that there are further opportunities to grow and unlock the 3.1 million ounces of indicated and inferred gold resources and 99.8 million pounds of antimony resources that are located outside current reserves, the company said.Perpetua said it has also submitted proposals seeking US grant funding to undertake drilling, sampling, metallurgical analysis and resource evaluation due to the discovery of high-grade antimony and tungsten in certain areas of the Hangar Flats deposit of the Stibnite mining district.Price: $24.40, Change: $+1.57, Percent Change: +6.88%

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Wire

Perpetua Resources, US Army, Idaho National Laboratory Launch Pilot Plant to Support Antimony Supply

Perpetua Resources (PPTA), the US Army and Idaho National Laboratory said Thursday they are opening a mineral processing pilot plant to help establish a domestic supply chain for antimony, a critical mineral essential to US national security.The facility in Idaho Falls was designed to use antimony samples from Perpetua's Stibnite gold project in central Idaho with the objective of demonstrating how to process antimony trisulfide for use in specialized applications, according to the statement.Perpetua shares were up 6% in morning trading.Price: $18.32, Change: $+1.06, Percent Change: +6.14%

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Treasury

RBC Maintains Perpetua Resources' Outperform Rating, US$42 Price Target

RBC Capital Markets on Thursday reiterated its outperform, speculative risk, rating on the shares of Perpetua Resources (PPTA.TO, PPTA) and its US$42.00 price target after the company secured a US$2.9-billion loan from the Export Import Bank of the United States to fund construction of Perpetua's Stibnite gold project in Idaho.This U.S. decision follows a 25-day Congressional notification period and due diligence by EXIM, RBC said.The loan allows Perpetua to reach a final investment decision and shift focus to execution and full construction in the second half, RBC said.Price: $35.30, Change: $-1.52, Percent Change: -4.13%

$PPTA$PPTA.TO
Treasury

Perpetua Resources Shares Jump 14% After EXIM Approves US$2.9 Billion Loan for Stibnite Gold Project

Perpetua Resources (PPTA.TO), up 14% in Nasdaq after-hours trade, said Thursday the Export-Import Bank of the United States approved a US$2.9 billion senior secured long-term loan to support the development of its Stibnite Gold Project in Idaho.The company said the loan was unanimously approved by EXIM's board under the Make More in America Initiative following technical, financial, environmental and social due diligence, as well as a 25-day congressional notification period."When the federal government and private industry work together on a shared national priority, big things are made possible. We are immensely proud of our role in strengthening America's national security, creating hundreds of jobs in rural Idaho, and reducing our dependence on foreign adversaries for a mineral we cannot do without," said chief executive Jon Cherry.The loan will be available upon completion of definitive documentation and satisfaction of customary conditions precedent, which is expected to occur in the second half of 2026. The loan is to be structured as a 13-year senior secured credit facility of US$2.9 billion, consisting of an upfront facility of US$2.4 billion with the remainder to cover capitalized interest during construction and EXIM's exposure fee.PPTA's shares were at last look up US$3.68 at US$30.40, after closing down C$0.99 at C$36.82 on Toronto Stock Exchange.

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