Stibnite gold project in Idaho named a priority by White House
Perpetua Resources (NASDAQ: PPTA) (TSX: PPTA) announced Tuesday that its Stibnite project in Idaho has been selected as a transparency project for faster permitting in response to US President Donald Trump’s recent executive order aimed at strengthening domestic production of critical minerals.
As one of 10 initial US projects selected by the newly formed National Energy Dominance Council for placement on the Federal Permitting Improvement Steering Council dashboard, the Stibnite project will have access to increased inter-agency transparency, coordination and oversight.
The Stibnite project, with its recently secured record of decision from the US Forest Service, is uniquely positioned to supply the critical mineral antimony, which is essential to national security and energy technology, the company said.
Antimony, a metal used to make solar panels, flame retardants and weapons, is imported into the US as there is currently no domestic production. China accounted for 60% of globally mined antimony in 2024, according to data from the US Geological Survey.
Last year, China banned exports of the metal to the US.
Perpetua said in March that it plans to submit a formal loan application to the US Export-Import Bank to advance the project after it received a letter of interest, which was non-binding, from EXIM for a loan worth up to $1.8 billion. If the loan is approved, the Stibnite project would be one of Washington’s largest investments ever in a mine. The final mining permit for the project was issued by the Biden administration.
“Being recognized as a transparency project by the White House underscores the immense strategic value of the Stibnite project,” said Perpetua CEO Jon Cherry said in a news release. “This selection validates the urgency and importance of our project for America’s economic and national security. We stand ready to restore the site and bolster American mineral independence.”
Perpetua entered into the formal permitting process under the National Environmental Policy Act (NEPA) in 2016. The USFS issued a draft environmental impact statement in 2020, a supplemental draft environmental impact statement in 2022, a final environmental impact statement and draft record of decision in September 2024, and a final record of decision in January 2025.
The final federal decision, the US Army Corps of Engineers Clean Water Act 404 permit, is on track for a decision in the second quarter of 2025, Perpetua said.
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3 Comments
Jah Broni
I live in Valley County. The highway from Boise is already a absolute mess. The North South highway 95 is currently closed for 6 weeks diverting traffic to 55. Highway 55 can’t handle the traffic in summer is the deadliest in the state. Idaho neglects infrastructure and nobody is talking about it. I’m not against the mine but our highway can’t deal with the tourist traffic let alone mine traffic. Also rent is rising to unsustainable levels without a working mine.
West Coast Commentator
It is surprising that the current president has been a real estate developer all his life but doesn’t prioritize building millions of affordable houses nationwide, not just in Idaho. Love that state, and apparently many new residents too.
Maybe it is time to address that NIMBY mentality in real estate next after securing national mineral independence. There is enough land here out West!
Jon miller
West Coast Commentator. You’ll see the availability of houses and apartments soon. We had the same stuff happen here. But now the illegals are gone and places are sitting mostly empty. It will be possible before long to negotiate a rent whereas things were firm before.