Stibnite gold-antimony project in central Idaho. (Image: Amanda Stutt, MINING.COM.)
Perpetua Resources (NASDAQ, TSX: PPTA) has secured $255 million in new investments from JPMorgan Chase and Agnico Eagle (TSX: AEM), giving the US-focused gold and antimony miner a major boost as it builds its flagship project in Idaho.
JPMorgan will contribute $75 million from its $1.5 trillion investment fund created to strengthen US national security. The deal, expected to close Tuesday, gives the bank nearly a 3% stake in Perpetua. JPMorgan also holds about 20,000 shares, according to data from the London exchange, and can exercise $42 million in warrants over the next three years.
The investment follows the start of construction last week at Perpetua’s $1.3 billion Stibnite gold-antimony project in central Idaho. Fast-tracked by the Trump administration, Stibnite is part of efforts to rebuild a domestic supply of…
