BOISE,
Idaho, April 6, 2022 /PRNewswire/ - Perpetua
Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or
"Perpetua" or the "Company") launched its Sustainability
Roadmap ("Roadmap") today which outlines 13 goals to guide the
Company as it advances the Stibnite Gold Project ("Project")
towards development. The Roadmap provides additional transparency
and accountability measures for stakeholders, including community
members and employees to track how Perpetua's Environment, Social,
and Governance ("ESG") commitments will be integrated as the
Project advances. Each goal within the Roadmap is informed by the
United Nations' Sustainable Development Goals ("UNSDGs") to align
Perpetua's path with global objectives to promote a more
sustainable future.
"Our actions over the last decade demonstrate our deep
commitment to building a company where responsible redevelopment of
the historical Stibnite Mining District can bring environmental,
social and economic benefits," said Laurel
Sayer, President and CEO of Perpetua Resources. "Launching
Perpetua's Sustainability Roadmap provides an additional level of
transparency for all of our stakeholders as we advance the Stibnite
Gold Project."
Perpetua Resources and the Stibnite Gold Project are uniquely
positioned to demonstrate an industry-leading sustainability
approach. The Project is designed to restore an abandoned mine area
through reprocessing and safely storing millions of tons of legacy
mine tailings, restoring river habitat and fish migration access,
and improving wetlands. The Project can also support the clean
energy transition as the only domestically mined source of the
critical mineral antimony, which is an essential component in
Ambri's long-duration storage batteries. Additionally, the Perpetua
team has prioritized gender diversity with over 40% female
employees and over 65% female senior leadership, led by CEO
Laurel Sayer.
"Sustainability has always been at the forefront for Perpetua,"
said Sayer. "We began by prioritizing community partnerships,
designing for environmental uplift and recruiting a diverse team
that represents some of the best in the industry. Now, we are
advancing our efforts by defining a path for responsible mineral
development here at home."
The Company's vision to responsibly restore an abandoned mine
site, produce critical minerals required for U.S. security and
clean energy, and bring benefits to surrounding communities formed
the foundation for the Roadmap. The goals were developed in
alignment with Perpetua's ESG policy and broader sustainability
strategy and support multiple UNSDGs.
Perpetua Resources' Sustainability Roadmap goals are:
- Improve and protect water quality. Perpetua Resources'
Plan of Restoration and Operation is designed to improve water
quality at Stibnite to be better than it is today.
- Conserve water. Conserving and reusing water are
key to minimizing the impacts of the Stibnite Gold
Project.
- Limit our footprint. The Company has already
reduced the footprint of its Project by 13% compared to the
original design. Additionally, 51% of the footprint is on
previously disturbed land. It is one of the only projects in
North America that plans to
reprocess previously mined material to restore a brownfields
site.
- Be a responsible link in the clean energy supply
chain. Perpetua signed an agreement to supply a portion of
the antimony produced at Stibnite to Ambri Inc, for the development
of grid-scale storage batteries that can help decarbonize the U.S.
energy grid.
- Work with communities and regulators to refine environmental
outcomes of the Stibnite Gold Project. Public and agency
feedback has been essential in the design of the Project. Perpetua
will use this feedback to identify ways to improve
the social and environmental outcomes of our
project.
- Nurture connections with tribal communities and identify
opportunities to collaborate. Perpetua is committed to
continuing to work with tribal leadership, staff and their
membership to ensure the Project honors and protects tribal treaty
rights.
- Foster an open and transparent relationship with local
communities. The Stibnite Advisory Council, which was formed by
the 2018 Community Agreement, is a vehicle for the Company to
connect directly with the communities closest to our site
throughout the life of the Project.
- Create economic partnerships that sustain beyond the life of
the mine. Perpetua Resources entered into a profit-sharing
agreement to fund the Stibnite Foundation. This locally-run
charitable endowment is designed to have a lasting impact by
supporting local social, environmental and health programs.
- Develop a diverse and inclusive team. The Company is
committed to recruiting, building and retaining a diverse team.
- Adopt a long-term Environment, Social and Governance
reporting framework. Perpetua Resources will strive to align
its ESG disclosure with the SASB reporting framework beginning with
its 2021 sustainability report to be released later this year.
- Disclose and report current and future GHG emissions.
Perpetua plans to report annual greenhouse gas (GHG) emissions
through a certified third-party to ensure transparency in emissions
reporting.
- Set science-based GHG target. Once a Project design
is approved by regulators, the Company will establish an
anticipated baseline for GHG emissions and intends to develop
targets based on feasible offsets, mitigations and reductions.
- Protect our people and our communities.
Perpetua will continue to implement best practices and set high
safety and training standards to keep our people and our
communities safe.
Perpetua Resources has published annual sustainability reports
since 2013, detailing the Company's actions in communities and for
the environment and will launch its ninth report later this year.
These reports can be viewed on Perpetua's website at
https://perpetuaresources.com/sustainability/. Perpetua Resources
expects to set more specific and measurable ESG targets based on
the final project design and anticipated outcomes once all permits
for the Stibnite Gold Project have been issued.
Website: www.perpetuaresources.com
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 actions to be taken by 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;
the Sustainability Roadmap and the goals outlined thereunder; and
the Stibnite Gold Project and the success of such project. 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;
and that general business and economic conditions will not change
in a materially adverse manner and that permitting and operations
costs will not materially increase. Forward-Looking
Information involves 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, among others, uncertainty surrounding input to be
received from regulators and community stakeholders; 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"
section 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.