financetom
Business
financetom
/
Business
/
Perpetua says environment report for first US antimony mine completed
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Perpetua says environment report for first US antimony mine completed
Sep 6, 2024 1:06 PM

Sept 5 (Reuters) - Perpetua Resources ( PPTA ) said on

Thursday a final environmental impact statement on its Stibnite

mine in Idaho would be released by the U.S. Forest Service on

Friday, ahead of a final approval likely by 2024 end.

Shares of the company were up 17.3% at $9.49.

The Pentagon-backed mine, which would be the country's first

antimony project, has an estimated reserve of 148 million pounds

of the metal used in bullets and tanks, as well as in flame

retardants and alloys for electric vehicle batteries.

The move comes against the backdrop of China, the world's

largest antimony producer with about 50% market share, planning

to restrict exports of the metal and related elements from Sept.

15, citing national security reasons.

Earlier this year, Perpetua had received a letter of

interest from the U.S. Export-Import Bank, the government's

export credit agency, for a loan worth up to $1.8 billion.

The Stibnite mine also has 4.8 million ounces of gold

reserves.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oil Rises Off Four-Year Low Even as OPEC+ Supply Hikes Unbalance Market
Oil Rises Off Four-Year Low Even as OPEC+ Supply Hikes Unbalance Market
May 26, 2025
09:03 AM EDT, 05/06/2025 (MT Newswires) -- Oil prices rose off a four-year low early on Tuesday as traders buy the dip even as OPEC+'s weekend decision to add another outsized tranche of supply to the market in June threatens to push the market into surplus. West Texas Intermediate crude oil for June delivery was last seen up US$1.45 to...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Madison Square Garden Entertainment's Fiscal Q3 Earnings, Revenue Rise
Madison Square Garden Entertainment's Fiscal Q3 Earnings, Revenue Rise
May 26, 2025
09:03 AM EDT, 05/06/2025 (MT Newswires) -- Madison Square Garden Entertainment ( MSGE ) reported fiscal Q3 earnings Tuesday of $0.17 per diluted share, up from $0.06 a year earlier. Analysts polled by FactSet expected $0.27. Revenue for the quarter ended March 31 was $242.5 million, up from $228.3 million a year earlier. Analysts surveyed by FactSet expected $231.1 million....
Soma Gold Provides Initial Drill Results, Exploration Update at Machuca Project in Colombia
Soma Gold Provides Initial Drill Results, Exploration Update at Machuca Project in Colombia
May 26, 2025
09:04 AM EDT, 05/06/2025 (MT Newswires) -- Soma Gold ( SMAGF ) reported Tuesday initial results from its ongoing exploration program at the Psyche 2 target area, including the Colossa mine, on the Machuca project in Colombia. Drill core highlights include 1.3 meters at 8.0 grams per tonne gold, including 0.6 meters at 17.4 g/t gold. Orion mine channel samples...
Copyright 2023-2026 - www.financetom.com All Rights Reserved