This is very interesting from yesterday's announcement as well. May be more benefits from strategic resource perspective.
Antinomy (Sb) – Highest Priority Critical Mineral for United States of America Antinomy is a critical mineral which plays a vital role in ensuring a more secure and sustainable future. Antinomy has numerous applications in defence, technology and energy, including its use in munitions (military equipment and ammunition), semi-conductors and clean energy storage batteries. China has recently announced restrictions on the export of Antimony (Sb). China and its allies Russia & Tajikistan account for a total of 90% of world Antimony production. Within the United States of America (USA), Perpetua Resources Corp.s (Nasdaq: PPTA / TSX: PPTA) Stibnite Gold Project will provide the only locally mined source of Antimony once in production. Their current production plans will only meet 35% of the USA’s demand. Stibnite Gold project holds proven and probable mineral reserves of 104Mt at 0.064% Sb for 67,442t contained Sb. Project resources include inferred and indicated resource of 132Mt at 0.07% Sb for 93,387t contained Sb and inferred resource of 36mt at 0.04% Sb for 13,277t contained Sb. PPTA has secured US$59.4M in funding via the Defense Production Act Title III to advance its Stibnite Gold Project
SS1 Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
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