Perpetua Resources: Stibnite Gold Project Draft Decision Expected By Year End
March 31 2023 - 6:02PM
Dow Jones News
By Stephen Nakrosis
Perpetua Resources Corp. said it expects the U.S. Forest
Service's draft decision on the Stibnite Gold Project by the end of
this year, a project that has implications for the Defense
Department's ammunition shortage.
The Forest Service updated the National Environmental Policy Act
permitting schedule for the project, with a final environmental
impact statement and draft record of decision expected by year-end
and a final record of decision expected in early 2024, the Boise,
Idaho mining company said Friday.
Perpetua said its work toward a final decision is supported with
funding received through the Department of Defense to develop a
domestic source of antimony trisulfide for the production of small
arms, medium caliber cartridges and other missile and munition
items.
Antimony from the Stibnite Gold Project is the sole domestic
geologic reserve of antimony that can meet Defense Department's
requirements, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 31, 2023 18:47 ET (22:47 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Perpetua Resources (TSX:PPTA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Perpetua Resources (TSX:PPTA)
Historical Stock Chart
From Apr 2023 to Apr 2024
