LRV World Class Antimony Project, page-21

Apologies for sharing all I read but hope investors will find these interesting! Perpetua Resources received a letter of interest (not approved yet) for USD1.8bn mainly for antimony. However, Perpetua first production is PLANNED for 2028 and can only supply 35% of the US demand.

https://thedeepdive.ca/why-are-antimony-prices-exploding/

The US has no other alternative but to use the AUKUS relationship to fast track Hillgrove!

When I see these expert comments, I am just thinking how come LRV market cap is not A$500m already?

USA

The USA has not produced antimony domestically since the closure of its last mine in Idaho in 2001, and stockpiles in 2003 were reportedly just 1,100 tons (vs consumption of 23,000 tons).

But, this year, Perpetua Resources received a letter of interest from the US Export-Import Bank (EXIM) for a loan worth up to US$1.8 billion to develop an antimony and gold mine in northern Idaho. It comes after the Department of Defence, through the Defense Production Act Investments Program, awarded US$24.8 million to complete an environmental study and US$60 million to fund the permitting process.

According to the company, the mine has the capacity to meet 35% of US demand in the first 6 years.

Perpetua plans to begin production 2028, hoping final permits are signed this year but, with China’s new restrictions on exports, the company is looking at starting operations sooner.

“We are looking at things that we can do during construction to get antimony out the door sooner for some of these strategic needs,” Jon Cherry, Perpetua’s CEO, told Reuters.

This is a key part of the US strategy to de-risk supply chains of critical minerals, especially from China.