Perpetua Resources Stock

Perpetua Resources Corp., a development-stage company, engages in acquiring mining properties with the intention of exploring, evaluating, and placing them into production, if warranted.

The company's principal business is the exploration and, if warranted and subject to receipt of required permitting, redevelopment, restoration and operation of the Stibnite Gold Project in Idaho, the U.S.A. The company is undertaking an extensive permitting process for redevelopment and restoration of the Project.

The company's principal mineral project is the Stibnite Gold Project, which contains several gold, silver and antimony mineral deposits. The company's focus is to explore, evaluate and potentially redevelop three of the deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit, all of which are located within the Stibnite Gold Project, as well as reprocess certain historical tailings located on the Project. These development activities would be undertaken in conjunction with a major restoration program designed to address legacy impacts related to historical mining activities in the Project area.

The company's subsidiaries' property holdings at the Stibnite Gold Project are consisted of a contiguous package of unpatented federal lode claims, unpatented federal mill sites, patented lode mining claims and patented mill sites. As of December 31, 2022, this land position encompassed approximately 11,548 hectares held in 1,668 unpatented lode claims and mill sites and patented land holdings. A subsidiary of the company acquired these rights through a combination of purchases and transactions and staking under the 1872 Mining Law and holds a portion under an option agreement.

Permitting and Environmental Matters

The company's project is, therefore, subject to numerous environmental regulations, including federal, state, and local laws. Significantly, the company is subject to formal review under NEPA and extensive permitting requirements.

Government and Environmental Regulations

The company's Project is subject to environmental review under National Environmental Policy Act.

The company entered into an ASAOC with the U.S. EPA and the United States Department of Agriculture to conduct a number of time critical removal actions focused on improving water quality in several areas of the site.

The company's operations are subject to several environmental regulations and guidelines regarding various protected species and their habitats and include the federal Endangered Species Act, the Migratory Bird Treaty Act, and the Bald and Golden Eagle Protection Act, alongside similar state laws.

History

The company was incorporated under the Business Corporations Act (British Columbia) in 2011. It was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp. in 2021.