Perpetua Resources Idaho, Inc
PPTAPerpetua Resources Corp. engages in the mineral exploration activities in the United States. The company primarily explores for gold, silver, and antimony. Its principal asset is the 100% owned Stibnite gold project located in Valley County, Idaho. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp. in February 2021. Perpetua Resources Corp. was incorporated in 2011 and is headquartered in Boise, Idaho.
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Key Information
Legal Entity
Perpetua Resources Idaho, Inc
Sector
Precious Metal
Founded
July 20, 2011
Employees
36
Reporting Currency
USD
Contact Phone
208 901 3060
Website
www.perpetuaresources.comHeadquarters Address
405 South 8th Street , Boise , ID 83702 , US
Identifiers
ISIN
CA7142661031Commodity Portfolio
Stock Exchanges
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Videos
Lab Report | Sep 28 Deep Dives on NevGold, Equinox, Sirios, Ashley, and Emperor Metals
Key Highlights
brief- Mentioned as the US-based antimony story investors use when comparing NevGold; the host says he evaluates projects individually and does not trade on such comparisons.
High-grade hits below and beside known resources, NevGold feeders, Sirios margins, and Emperor deep shoots, drive the next re-ratings. The Lassonde Curve, a mine developer's typical share-price lifecycle, warns that publishing a resource puts juniors in a development discount window. Equinox Gold's Orla acquisition and 45-rig, 308,000-metre drilling program show majors must replace mined ounces through exploration to keep growing. Chasing high-grade feeders under low-grade open pits can excite the market, cut financing costs, and limit dilution for juniors. Judge juniors on market cap, not share count: rollbacks and warrant pressure matter less than discovery and valuation potential.
Rua Gold ($RUA | $NZAUF): Unlocking Reefton’s Historic Goldfield
Key Highlights
brief- Rob uses Perpetua's Stibnite mine in Idaho (0.05% antimony) as a comparison point, highlighting that RUA's recent drill results showed ~80 g/t gold with ~25% antimony.
- The host notes that Morgan Stanley wrote up Perpetua in 2024, which he cites as the catalyst that originally drew him into the antimony subsector in 2023.
Reefton's Old Creek targets first antimony-gold concentrate by mid-2028 from a 25,000 oz/year starter mine with $130M CapEx. Nine undrilled historic mines at Reefton support a hub-and-spoke expansion that could roughly double throughput. Antimony co-product (25% antimony, 80 g/t gold) drew metal trader Mercuria into a $5M strategic investment. New Zealand's fast-track permitting compresses mine approvals to about six months; application is due October. Three oversubscribed, warrant-free raises let Rua Gold fund the permitting path with minimal dilution overhang.
American Tungsten ($TUNG | $TUNGF) CEO Ali Haji on Restarting the Historic IMA Mine
Key Highlights
brief- He cites Perpetua Resources' Stibnite project as a fellow Idaho operator recently awarded over $2 billion from Exim, using it to argue the jurisdiction is friendly to mining.
American Tungsten is racing to be among the first new US tungsten producers in decades by restarting the high-grade IMA mine in Idaho. Tungsten prices are up roughly 600% as China chokes off supply, but the metal also powers automotive (about 28% of demand), aviation, microchips, and nuclear. A staged plan starts with $5 million in tailings capex generating $45–75 million over two years, then commissions the main mill around April next year. The IMA deposit is on private patented land above the water table, with 0.55% tungsten grade (about 2.5x peer averages) plus moly and silver byproducts. Funding includes a $25.5M EXIM (US Export-Import Bank) LOI and a $40M raise from Stifel, Nicklaus, and Canaccord; CEO Ali Haji says no more capital raises are planned.
Dave Erfle - Why the Precious Metals Bull Market Is Resuming and Where Value Remains
Key Highlights
brief- Erfle says he announced on the show a couple of weeks earlier that he had bought into Perpetua Resources, citing the Stribnite mine and US government funding tied to its antimony credit.
- He argues that an antimony credit materially expands the upside of a precious-metals miner and is a specific feature he looks for in names now.
Gold miners are up roughly 42% this month while silver and TSX Venture juniors have lagged, creating the rotation setup Dave Erfle finds most attractive. Producers are generating record cash flow because AISC (All-In Sustaining Cost — what it really costs to produce an ounce) averages well below $2,000 an ounce against gold near $4,500. Dave Erfle argues silver stocks are better value than gold stocks now, since silver typically lags early in rallies then catches up in exaggerated fashion. The TSX Venture still trades about 70% below its 2007 high set when gold was under $800 an ounce, signaling substantial relative upside in junior miners. Strategic capital matters: when Agnico Eagle took a roughly 10.5% stake in Radisson Mining, that stock ripped higher — the source of a junior's funding can drive the breakout.
“I Sold My Oil Stocks to Buy These Three Gold Stocks” - Pro Investor David Erfle
The guest rotated from oil into three gold-stock buys — Alamos Gold, New Pacific Metals, and Perpetua Resources — after a 30–55% correction. Erfle reads junior miners leading the move: GDX and GDXJ hit their 18-week moving average resistance near $85 and $110 this week. Newmont returned $1.9B of its $2.2B Q2 free cash flow to shareholders — Erfle calls it a 'gun shy' M&A stance after last cycle's deals. Erfle says retail has not arrived: the TSX Venture has stalled near $1,000–$1,100 for 13 years, so the 200% rally has not drawn new buyers.
Dave Erfle – Technical Outlook On PMs, 3 New Gold Stocks In Retirement Acct, 3 JMJ Portfolio Winners
Key Highlights
detailed- Erfle says he bought Perpetua around $20, down from about $37-38, viewing the sell-off as a second chance at a name he sold for tax losses years ago and missed on the way up.
- He notes the Stibnite gold project in Idaho is fully funded and backed by the US government thanks to its antimony credit.
- Host Shad Markwitz adds that US government support helped secure the final permit and raises the odds the project becomes a mine, though execution risk remains.
Precious metals look to be basing after a normal correction: gold held $4,000 and GDX/GDXJ held weekly support, suggesting the secular bull remains intact. Rising rates historically coincide with gold rallies — the '70s and 2022 onward both saw gold climb while the Fed hiked, countering rate-hike fears. Clearing 90 on GDX and 120 on GDXJ (the gold miner ETFs) would give the all-clear; sentiment and open interest already sit at bear-market lows. Erfle rotated oil profits into Alamos Gold, Perpetua Resources, and New Pacific Metals, buying quality during drawdowns and diversifying across jurisdictions. His top JMJ winners — Montage Gold, AbraSilver, and GoGold — show why management quality, tight share structures, and jurisdiction diversification drive junior returns.
THE NEXT CRITICAL METAL? U.S. Has ZERO Mines | Guardian Metals Resources
Key Highlights
brief- Starzecki says Ron Aspell, Guardian Metal's Nevada permitting expert, was instrumental in helping Perpetua Resources get its permits in place, and adds that anyone following the antimony market knows what a success story Perpetua has been.
The United States mines no tungsten domestically, and China, Russia and North Korea — about 90% of world supply — have cut off exports. A 2024 law bars Chinese and Russian tungsten from defense use, straining supply just as the Defense Logistics Agency needs to rebuild its depleted stockpile. Guardian Metal's Pilot Mountain pre-feasibility study shows a $1.3 billion NPV (net present value — future cash flows in today's dollars) and a one-year payback. The Tempayute asset adds surface stockpiles, tailings and $35-40 million of built infrastructure — mill, power station, water rights — creating a near-term revenue path. Tungsten has repriced from roughly $30,000 to over $300,000 a ton as defense demand climbs, with nuclear fusion a potential future demand driver.
Dakota Gold – Richmond Hill 2026 Drill Program Completed, Upcoming Resource Estimate & PFS In Q4
Richmond Hill's 2026 drilling is finished, with an updated resource, PFS and possible reserve conversion all due in Q4. A $107 million February raise funds construction to shovel-ready, and already secures the scarce power substation build slot. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) sits at $1,047, with initial capital of $384 million. Management's value levers are pulling high grade forward, doubling crusher throughput, and holding the mine plan inside private land. Production is targeted for 2029, with feasibility in the first half of 2027 and a maiden Maitland resource due around Q1 2027.
Highland Copper: U.S. Copper Production in 2029 | Barry O’Shea and Jimmy Connor
Key Highlights
brief- The guest notes that Highland Copper board member John Cherry recently converted a US Export-Import Bank loan to a binding debt product worth nearly $2 to $3 billion at Perpetua Resources.
Copperwood is a fully permitted, near-dated US copper project: 3.7B pounds defined, $400M capex, and a 2029 production target. AISC (All-In Sustaining Cost — what it truly costs to produce) sits at $250-275/lb; annual output of 30,000 tons addresses 5-10% of the US shortfall. NPV scales steeply with copper: $170M at $4/lb, $507M at $5/lb, and $850M at $6/lb, the guest argues. Federal capital is central: a $250M US Export-Import Bank LOI plus grant visibility could fund up to 75% of capex; equity need is ~$75M. An updated feasibility study at near-$5 copper is due early 2027; construction is targeted for 2027-2028 with first production H2 2029.
Rua Gold Anticipating July Decision on New Zealand Fast Track Qualification
Key Highlights
brief- Cites Perpetua Resources' recently announced $2.5 billion EXIM financing for its US gold-antimony mine as the contrast case: a project he says will supply roughly 30% of US antimony needs but is not online until 2031.
- Uses that comparison to argue the Rua Gold project has roughly 20 times the grade at a fraction of the capital cost, so a comparable share of antimony supply can arrive much sooner.
Roughly $130M capex, including a $30M contingency, against a market cap near $150M makes the starter mine financeable. The PEA (Preliminary Economic Assessment) shows a net present value of $40-45M at $3,300 gold, near $120M at spot. A 20,000-metre drill program extends the deposit from 200 to 500 metres deep ahead of a Q4 2026 pre-feasibility study. Antimony byproduct, not gold, is the permitting lever, and the guest says a starter mine could outproduce all of Australia. A six-month fast-track permit decision is expected in early July, with New Zealand's November 7 election the main schedule risk.
Junior Miner Junky’s David Erfle: ‘Buy the Boredom’ in Gold Stocks (before the next leg up)
Erfle argues the current sideways price action in gold stocks is a normal consolidation phase, not a collapse, setting up for another upward move. Strong Q1 miner profits, historically low sector open interest, and ongoing central-bank gold buying create a compelling contrarian buying opportunity. Specific catalysts like the Equinox-Orla merger and Perpetua's EXIM Bank loan signal increasing sector momentum and institutional interest.
American Tungsten ($TUNG | $TUNGF): Restarting U.S. Tungsten Production
Key Highlights
brief- The CEO says Austin Zinsser was Perpetua's geologist from inception until the roughly $2 billion in EXIM funding the company recently received, after which Zinsser joined American Tungsten.
Tungsten prices are up 570% in a year as China, producer of half of global supply, restricts exports while defense and technology demand builds. CEO Ali Haji presents the IMA Mine in Idaho as a brownfield — a past-producing asset — on private patented land, easing permitting. Reprocessing legacy tailings first — a $4 million plant targeting $45-50 million in cash flow over 2.5 years — funds the restart while limiting dilution. The company reports $49 million in treasury, a $25.5 million EXIM letter of intent, and targets commercial IMA production in 2027. Stated catalysts: a resource estimate due June-July, a PEA (preliminary economic assessment) in Q3, and a first concentrate sale in December.
Nick Hodge – Investing Strategies in Gold, Copper, Lithium, Uranium, And Critical Minerals Stocks
Nick Hodge is applying a pruning and planting strategy, taking profits in overweight gold positions like GDXJ and Royal Gold to deploy capital into pullbacks or other mineral sectors. Copper stocks are rebounding from steep March corrections, with M&A activity like Hudbay's acquisition of Arizona Sonoran highlighting the value of advanced assets in desirable jurisdictions. Growing investor interest in defense metals is accelerating, with antimony, rare earths, and uranium gaining macroeconomic and political traction for domestic production and energy security.
Don Durrett & John Feneck Interview Rua Gold ($RUA | $NZAUF) CEO on Exploration Strategy
Key Highlights
brief- Rua Gold's CEO uses Perpetua as his grade benchmark, pegging Perpetua's antimony mine at about 0.05% antimony versus over 1% at Reefton, roughly 20 times the grade.
- Don Durrett says he was early to critical minerals, looking at Perpetua (PPTA) at $3-4 in 2023, and argues Rua having 20 times PPTA's antimony grade matters more because China controls about 80% of the antimony market as of April 2026.
Rua Gold is fast-tracking a small, high-grade gold-antimony starter mine in New Zealand's Reefton district, targeting a fully permitted mine by April 2027. New Zealand's six-month permitting and a PEA (Preliminary Economic Assessment, an early study of mine economics) due within a month anchor the path to production. Grades above 1% antimony, roughly 20 times what the CEO cites at Perpetua's Utah project, would make Reefton New Zealand's biggest critical mineral deposit. About $63 million raised since October leaves a strong treasury and sticky institutional shareholders, including metals traders seeking future antimony offtake. Analysts see contained political risk: the pro-mining South Island and fast-track approval shield the project even if government changes, with $4,000-plus gold underpinning economics.
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