24/7 Market News Snapshot 09 December, 2024 – Perpetua Resources Corp. Common Shares (NASDAQ:PPTA)

December 9, 2024

DENVER, Colo., 09 December, 2024 (247marketnews.com) – (NASDAQ:PPTA) are discussed in this article.
Perpetua Resources Corp. is experiencing an impressive surge in pre-market trading, positioned at $12.93, which marks a notable increase of approximately 12.29% from the previous close of $11.51. This upward trajectory is accompanied by a robust trading volume of 1.78 million shares, signaling heightened investor interest and optimism regarding the company’s future prospects. Analysts highlight critical resistance levels at $13.50, while support is identified at $12.00, indicating a need for ongoing monitoring of volume and price movements to evaluate the strength of this bullish trend.

In parallel, Perpetua Resources is advancing the establishment of a domestic antimony supply chain through its subsidiary, Perpetua Resources Idaho, Inc. The company has embarked on a collaboration with United States Antimony Corporation to perform metallurgical testing on antimony concentrate samples from the Stibnite Gold Project. This project possesses a remarkable reserve of 148 million pounds of antimony and is poised to supply around 35 percent of U.S. antimony demand in its first six years of operation.

Jon Cherry, President and CEO of Perpetua Resources, expressed the company’s dedication to exploring all possible avenues to establish a fully American antimony supply, emphasizing the significance of the Stibnite Gold Project in fulfilling national needs. Gary C. Evans, Chairman of U.S. Antimony Corporation, underscored the importance of domestic production in meeting burgeoning demand.

The Stibnite Gold Project not only aims to revive a formerly abandoned mining site but also strives to serve as a critical resource for various defense applications. Set against one of the nation’s lowest carbon emissions grids, this initiative exemplifies Perpetua Resources’ commitment to sustainable mining practices and the broader low-carbon energy transition, reinforcing its role in enhancing environmental stewardship while securing national resource needs for the future.

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