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Perpetua Resources says Defense Production Act award kept Stibnite antimony project alive and unlocked private investment
Summary
Perpetua Resources told the Senate Banking Committee that a $59 million Defense Production Act award kept permitting on track for the Stibnite Gold Project in central Idaho, helped the company obtain federal permits, attracted additional private investment and put the project on the cusp of significant private spending and new jobs.
Perpetua Resources told the Senate Banking, Housing, and Urban Affairs Committee that a Defense Production Act award of $59 million was decisive in moving the Stibnite Gold Project in central Idaho past a permitting impasse, allowing the company to secure all required federal permits and attract private investment.
Mackenzie Lyon, vice president for external affairs at Perpetua Resources, said the award helped the company finish an extended permitting period, brought federal agencies together to prioritize the project, and "kept our permitting process on track." Lyon said the federal investment attracted an additional $54 million in private capital and put the project on the "precipice of a $2,000,000,000 investment in rural Idaho, meaning hundreds of jobs and more than a half billion dollars in…
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