Perpetua Resources Secures $6.9 Million to Boost Domestic Antimony Supply Chain

Perpetua Resources ( (PPTA) ) just unveiled an update.

Perpetua Resources has secured up to $6.9 million in additional funding from the U.S. Army to advance a domestic supply chain for antimony trisulfide, a critical mineral for defense applications. This funding, part of a broader partnership with the Department of Defense, will support the expansion of a pilot plant and enhance the company’s ability to meet a significant portion of U.S. antimony demand, addressing supply chain vulnerabilities exacerbated by China’s export restrictions.

The most recent analyst rating on (PPTA) stock is a Buy with a $18.25 price target. To see the full list of analyst forecasts on Perpetua Resources stock, see the PPTA Stock Forecast page.

Spark’s Take on PPTA Stock

According to Spark, TipRanks’ AI Analyst, PPTA is a Neutral.

Perpetua Resources presents a mixed picture. The strong technical momentum could attract speculative interest, but financial fundamentals are weak, with no revenue and reliance on financing for cash flow. The stock’s valuation is unappealing due to the lack of profitability and dividend yield. Investors should be cautious of the overbought technical indicators and consider the company’s long-term revenue generation challenges.

To see Spark’s full report on PPTA stock, click here.

More about Perpetua Resources

Perpetua Resources Corp. operates in the mining industry, focusing on responsible mining practices and critical resource extraction. The company is primarily involved in the development of the Stibnite Gold Project, which aims to supply antimony trisulfide, a crucial component for munitions and defense systems, thereby contributing to U.S. national security and supply chain resilience.

Average Trading Volume: 1,114,766

Technical Sentiment Signal: Buy

Current Market Cap: $1.02B

Learn more about PPTA stock on TipRanks’ Stock Analysis page.