BOISE,
Idaho, Aug. 15, 2022 /PRNewswire/ - Perpetua
Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or
"Perpetua" or the "Company") announced today that its unaudited
condensed consolidated financial results for the period ended
June 30, 2022 were filed. For
details, please see the Company's filings available on EDGAR and
SEDAR.
Perpetua Resources' vision is to provide the U.S. with a
domestic source of the critical mineral antimony, develop one of
the largest and highest-grade open pit gold mines in the country
and restore an abandoned brownfield site. Perpetua Resources is
focused on advancing the permitting for the Stibnite Gold Project
through the National Environmental Policy Act ("NEPA") process.
Second Quarter 2022 and Recent
Highlights:
- Zero lost time incidents or reportable environmental spills in
the second quarter of 2022
- Received first permit, the Clean Air Act Permit to Construct
("Air Permit") from the Idaho Department of Environmental
Quality
- Launched Sustainability Roadmap which outlines 13 goals to
guide the Company
- Held 2022 Annual General Meeting and shareholders voted in
favor of all proposals
- Welcomed value-oriented Kopernik as a new shareholder
- Awarded contract for stream diversion work as part of Phase 1
early cleanup activities
- Began early environmental cleanup activities and held
groundbreaking ceremony with local elected officials and community
members
- Published 2021 Sustainability Report, the Company's ninth
annual sustainability report
- Applauded United States Congress for taking steps to address
vulnerabilities in the antimony supply chain, including the
addition of an antimony reporting requirement under the National
Defense Authorization Act
- Continued productive mediation discussions with the Nez Perce
Tribe; an extension to the stay on the Clean Water Act matter was
recently granted through October 31,
2022
- Hosted 14 site tours year-to-date for stakeholders including
investors, regulators, environmental groups, media, elected
officials, and community members
- Held over 30 antimony and project briefings year-to-date for
government and administrative stakeholders
"Perpetua Resources had another productive quarter as we
advanced our project through the permitting process, continued
mediation discussions with the Nez Perce Tribe, and broke ground on
early environmental cleanup activities at Stibnite," said
Laurel Sayer, President and CEO of
Perpetua Resources. "We received our first permit, marking a
significant milestone for the Stibnite Gold Project and our goal to
provide critical minerals essential for our national interests. We
continue to anticipate the Supplemental Draft Environmental Impact
Statement will be published in the third quarter of 2022 including
a designated preferred project alternative."
Permitting Update:
In May 2022, Perpetua announced
the U.S. Forest Service ("USFS")
completed all of the 17 specialist reports in the first quarter of
2022 and circulated the preliminary Supplemental Draft
Environmental Impact Statement ("SDEIS") for cooperating agency
review. The SDEIS is anticipated to be released for public review
in the third quarter of 2022.
Perpetua also continued to advance other local, state and
federal permits in parallel with the NEPA process. The Clean Air
Act Permit to Construct was received from the Idaho Department of
Environmental Quality ("IDEQ") on June 17,
2022. The Air Permit mandates compliance with state and
federal air standards and regulates emissions from construction and
operation of the project. In late July, a Petition was filed by
external groups requesting IDEQ to administratively review the Air
Permit. The Company petitioned to intervene in the administrative
process on August 12, 2022 to join
IDEQ in defending the permit and the record justifying its
requirements.
About Perpetua Resources and the
Stibnite Gold Project
Perpetua Resources Corp., through its wholly owned subsidiaries,
is focused on the exploration, site restoration and redevelopment
of gold-antimony-silver deposits in the Stibnite-Yellow Pine
district of central Idaho that are
encompassed by the Stibnite Gold Project. The Project is one
of the highest-grade, open pit gold deposits in the United States and is designed to apply a
modern, responsible mining approach to restore an abandoned mine
site and produce both gold and the only mined source of antimony in
the United States. Further
advancing Perpetua Resources' ESG and sustainable mining goals, the
Project will be powered by the lowest carbon emissions grid in the
nation and a portion of the antimony produced from the Project will
be supplied to Ambri, a US-based company commercializing a low-cost
liquid metal battery essential for the low-carbon energy
transition. In addition to the company's commitments to
transparency, accountability, environmental stewardship, safety and
community engagement, Perpetua Resources adopted formal ESG
commitments which can be found here.
Forward-Looking
Information
Statements contained in this news release that are not
historical facts are "forward-looking information" or
"forward-looking statements" (collectively, "Forward-Looking
Information") within the meaning of applicable Canadian securities
legislation and the United States Private Securities Litigation
Reform Act of 1995. Forward-Looking Information includes, but is
not limited to, disclosure regarding possible events, next steps
and courses of action including environmental clean up actions by
us and our contractors; our ability to comply with and obtain
permits related to the Stibnite Gold Project; actions to be taken
by the State of Idaho and other
government agencies and regulatory bodies; predictions regarding
improvements to water quality and other environmental conditions at
the site; reduction of the Project footprint and the anticipated
benefits and other effects thereof; our and Ambri, Inc.'s ability
to perform under the supply agreement, which agreement is subject
to certain conditions, including identification of one or more
refiners to transform our antimony concentrate into antimony metal,
and mutual agreement on certain material terms, including volume
and pricing. In certain cases, Forward-Looking Information can be
identified by the use of words and phrases or variations of such
words and phrases or statements such as "anticipate", "expect"
"plan", "likely", "believe", "intend", "forecast", "project",
"estimate", "potential", "could", "may", "will", "would" or
"should". In preparing the Forward-Looking Information in this news
release, Perpetua Resources has applied several material
assumptions, including, but not limited to, assumptions that the
current exploration, development, environmental and other
objectives concerning the Stibnite Gold Project can be achieved and
that its other corporate activities will proceed as expected; that
the goals outlined in the Sustainability Roadmap are achievable;
that we and Ambri will be able to agree on the terms of the Ambri
agreement; that the general business and economic conditions will
not change in a materially adverse manner and that permitting and
operations costs will not materially increase; and that the
review process under the NEPA (including any joint review process
involving the USFS, the State of
Idaho and other agencies and regulatory bodies) as well as
the public review process and SDEIS will proceed in a timely manner
and as expected; and that all requisite information will be
available in a timely manner. Forward-Looking Information are based
on certain material assumptions and involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Perpetua Resources to be
materially different from any future results, performance or
achievements expressed or implied by the Forward-Looking
Information. Such risks and other factors include those factors
discussed in Perpetua Resources' public filings with the U.S.
Securities and Exchange Commission (the "SEC") and its Canadian
disclosure record. Although Perpetua Resources has attempted to
identify important factors that could affect Perpetua Resources and
may cause actual actions, events or results to differ materially
from those described in Forward-Looking Information, there may be
other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
Forward-Looking Information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on Forward-Looking Information. For
further information on these and other risks and uncertainties that
may affect the Company's business, see the "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" sections of the Company's filings with the
SEC, which are available at www.sec.gov and with the
Canadian securities regulators, which are available at
www.sedar.com. Except as required by law, Perpetua Resources
does not assume any obligation to release publicly any revisions to
Forward-Looking Information contained in this news release to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
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SOURCE Perpetua Resources Corp.