BOISE,
Idaho, May 16, 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
March 31, 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.
First Quarter 2022 and Recent
Highlights:
- Zero lost time incidents and zero reportable environmental
spills in the first quarter of 2022
- Strengthened Board with appointment of Laura Dove who brings three decades of external
affairs and stakeholder management experience
- Promoted Jessica Largent to CFO
and hired Chris Fogg as Investor
Relations Manager
- Launched Sustainability Roadmap outlining 13 goals that will
guide Perpetua
- Released the Company's first annual report as a U.S. domestic
issuer
- Continued productive mediation discussions with the Nez Perce
Tribe and an extension to the stay on the Clean Water Act matter
was recently granted through July 31,
2022
- Prepared contractor competitive bid package for the stream
diversion clean up work expected to begin this summer under the
Administrative Settlement and Order on Consent ("ASAOC")
- Welcomed Idaho's Congressional
Delegation submitting floor remarks and issuing a statement
supporting critical mineral independence
- Stibnite Advisory Council began review of the first data
collected from the Independent Water Quality Monitoring
program
"Perpetua Resources had a productive quarter as we continued to
advance our project through the permitting process, further
strengthened our team and launched our Sustainability Roadmap,"
said Laurel Sayer, President and CEO
of Perpetua Resources. "I look forward to the public seeing how our
project improvements are designed to leave water quality and
overall habitat in better shape than today while also responsibly
producing critical minerals for our national interests. I remain
confident that the additional evaluation of our project will
address the concerns raised during the last public review and we
are hopeful that it will allow the U.S. Forest Service to designate a preferred project
alternative in the third quarter of 2022."
Permitting Update:
On February 22, 2022, Perpetua
announced the U.S. Forest Service
("USFS") is expected to publish the Supplemental Draft
Environmental Impact Statement ("SDEIS") for public review early in
the third quarter of 2022. In the first quarter of 2022, the USFS
completed all of the 17 specialist reports for cooperating agency
review and recently circulated the preliminary SDEIS for
cooperating agency review. The comprehensive scientific analysis by
the USFS and cooperating agencies, combined with the additional
public review of the SDEIS, fortify the rigorous process mandated
by NEPA.
The Company also advanced work on several ancillary permits in
the first quarter of 2022, which are being progressed in parallel
with the NEPA process. The Air Permit to Construct draft permit was
released for public comment by the Idaho Department of
Environmental Quality ("IDEQ") in January
2022. The public comment period closed in March 2022 after a 30 day extension. In addition,
the Idaho Pollution Discharge Elimination System ("IPDES")
application for industrial outfalls was submitted in January and
deemed complete in early March. Perpetua's water rights permit
application is continuing through the administrative process after
being submitted to the Idaho Department of Water Resources ("IDWR")
in 2021.
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; 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 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,
changes in laws and regulations and changes in the application of
standards pursuant to existing laws and regulations which may
result in unforeseen results in the permitting process; uncertainty
surrounding input to be received from regulators and community
stakeholders; risks related to unforeseen delays in the review
process including availability of personnel from the USFS,
State of Idaho and other stated,
federal and local agencies and regulatory bodies (including, but
not limited to, future US government shutdowns); risks related to
opposition to the Project; 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.
View original
content:https://www.prnewswire.com/news-releases/perpetua-resources-announces-first-quarter-2022-highlights-301547529.html
SOURCE Perpetua Resources Corp.