24/7 Market News Snapshot 05 September, 2024 – Perpetua Resources Corp. Common Shares (NASDAQ:PPTA)

September 5, 2024

DENVER, Colo., 05 September, 2024 (247marketnews.com) – (NASDAQ:PPTA) are discussed in this article.
Perpetua Resources Corp. has reported a notable surge in its stock price, with shares opening at $8.90 and climbing to $9.545, reflecting an impressive increase of approximately 17.99%. Following a previous close of $8.09, this upward momentum is accompanied by a robust trading volume of 518,530 shares, indicating strong investor interest. Technical assessments suggest that the stock may be breaching important resistance levels, which could lead to further gains. Investors are advised to closely monitor underlying support levels and volume trends as the company garners attention in the market, showcasing positive sentiment towards its performance.

In a significant development, Perpetua Resources is on the cusp of advancing its Stibnite Gold Project, with the United States Forest Service (USFS) set to publish the Final Environmental Impact Statement (FEIS) alongside the Draft Record of Decision (DROD) in the Federal Register on September 6, 2024. This milestone marks a critical phase in the project’s approval journey. The DROD authorizes the implementation of the 2021 Modified Mine Plan, shaped by extensive scientific evaluations, public feedback, and collaboration among federal agencies.

This announcement comes in response to China’s recent export restrictions on antimony, a strategic mineral vital for various national defense and clean energy applications. Positioned as the sole U.S. source of mined antimony, the Stibnite Gold Project is projected to yield over 450,000 ounces of gold annually during its initial four years of operation at a remarkably low all-in sustaining cost of less than $450 per ounce.

Jon Cherry, President and CEO of Perpetua Resources, emphasized the project’s multifaceted benefits to the community, the environment, and national security, predicting significant economic opportunities alongside the restoration of public trust in the mining industry. By pursuing responsible development, the Stibnite Gold Project exemplifies Perpetua’s commitment to Environmental, Social, and Governance (ESG) principles while delivering essential resources crucial for America’s independence from foreign supply chains.

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