Perpetua Stibnite Gold Project gets notice to proceed from Forest Services

Perpetua Resources (PPTA) received its conditional notice to proceed from the U.S. Forest Service for the Stibnite Gold Project, which stated the project has satisfied all requirements outlined in the January record of decision and that the project may begin construction conditioned only on the company posting the joint financial assurance bonding agreed to by USFS, Idaho Department of Lands and U.S. Army Corps of Engineers for the project. “After 8 years of extensive permitting review and over $400 million invested, it is finally time for the Stibnite Gold Project to deliver for America,” said Jon Cherry, President & CEO of Perpetua Resources. “A united vision to produce critical resources urgently needed for national security and to restore an abandoned site, along with the feedback from our communities, have guided us to this monumental milestone. With the U.S. Forest Service’s Notice to Proceed and the joint financial assurance package approved, we are ready to begin to bring Stibnite back to life as a national strategic asset.” The Stibnite Gold Project plans to produce America’s only mined resource of the critical mineral antimony, a key component in munitions and advanced defense systems, and seeks to clean up legacy contamination at the historical mine site, reconnect fish to their native spawning grounds, restore habitat, and provide hundreds of family-wage jobs. In 2025, the Trump Administration placed the Stibnite Gold Project on the Transparency Projects list under the FAST-41 Program, which is intended to support increased domestic mineral production through streamlined and focused permitting.