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Biden Administration Issues Final Permit for Perpetua Resources' Idaho Antimony and Gold Mine; $PPTA Up 10%

Jan 3, 2025, 10:16 PM

The Biden administration has issued the final mining permit for Perpetua Resources' antimony and gold mine in Idaho. This move is part of a broader strategy to reduce the United States' reliance on China, which currently dominates the antimony market. The permit is expected to facilitate the extraction of these critical minerals, as the West increasingly seeks to secure its mineral resources. Following the announcement, Perpetua Resources' stock, trading under the ticker $PPTA, rose by 10% in after-hours trading.