BOISE, Idaho, Feb. 25, 2021 /PRNewswire/ - Perpetua
Resources Corp. (formerly Midas Gold Corp.) (Nasdaq:
PPTA) (TSX: PPTA) welcomes President Joe Biden's recently issued Executive
Order on securing America's critical supply chains. Perpetua
Resources is in the process of permitting America's only mined
source of antimony, a federally designated critical mineral for its
use in the national defense, technology, and energy sectors.
The Executive Order declares strengthening the resilience of the
American supply chain as a policy of the Administration and
requires that over the next one hundred days supply chain risks and
policy recommendations be brought forward regarding semiconductor
manufacturing, high-capacity batteries, critical minerals, and
pharmaceuticals.
"Securing our country's critical supply chains is a bi-partisan
effort we can all support," said Perpetua Resources President and
CEO Laurel Sayer. "President Biden's
Executive Order places critical minerals in the national spotlight,
and antimony is a key mineral in three out of the four areas the
President has directed federal officials to focus on over the next
100 days. We are encouraged by the recognition that responsible,
domestic sourcing of minerals like antimony is essential to
building resilient supply chains and a stronger, more sustainable,
American future."
Antimony strengthens alloys and makes them resistant to
corrosion. Its properties make it a highly valuable mineral for
many applications across a wide range of sectors. 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 are no U.S. mined sources of antimony, China and Russia dominate the antimony supply with more
than 80 percent of the world's production. Perpetua Resource's
Stibnite Gold Project in Idaho
could supply approximately thirty percent of the American demand
for antimony in the first six years of production.
Website: www.perpetuaresources.com
About Perpetua Resources and the Stibnite Gold
Project
Perpetua Resources Corp., 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.
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SOURCE Perpetua Resources Corp.