The stock of Perpetua Resources Corp. (NASDAQ: PPTA) rose by 20.15% on Friday to close the sessions at $7.81. The PPTA stock remained rising 30.17% in the past 5 sessions while over the month it is almost stable with a slight rise of 2.09%. The PPTA stock came to be rising for the last two sessions after an Executive order by U.S. President Joe Biden regarding the exploration of critical minerals including antimony.
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What’s in the EO for PPTA:
With the Stibnite Gold Project, Perpetua Resources Corp. is exploring, restoring, and redeveloping gold, antimony, and silver deposits in central Idaho through its wholly-owned subsidiaries. Despite being one of the U.S.’s largest open-pit gold deposits, the Project is one of the lowest-grade gold deposits in the United States. To restore and produce gold and antimony from abandoned mines and to restore natural habitats at the site, this project will employ a modern, responsible mining methodology.
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Antimony so recovered will be utilized in national defense, aerospace, and technology sectors, and is a critical mineral according to federal law. Further to its commitments to transparency, accountability, the environment, safety, and community engagement, Perpetua Resources also adopted formal Environmental, Social, and Governance (ESG) commitments.
A recent Executive Order by President Biden discusses securing the country’s critical supply chains. Antimony mined by Perpetua Resources is widely used in the national defense, technology, and energy sectors; and has been designated a critical mineral by the federal government.
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PPTA’s Potential:
An integral part of the future of a strong and more sustainable the United States depends on sourcing minerals responsibly. And Perpetua Resources (PPTA) will be well-positioned to leverage its market position in the industry, so PPTA could succeed rapidly in the segment.
