Perpetua Resources is Being Added to the S&P/TSX as of Sept 22, 2025 (Materials, Gold)

https://ca.finance.yahoo.com/news/p-dow-jones-indices-announces-211500983.html

If you recall, PPTA is on the verge of getting their final permits signed off. As well as gold, the property holds enough Antimony to supply up to 37% of the USA's requirements. America does not produce any Antimony, and it is critical for national defense munitions manufacture. No military bullets can be made without antimony. China has banned its export to the USA, and no, it is not a rare earth metal and so that ban has not been lifted. The antimony will get the mine built, the gold will make the money. The Company in a web presentation has stated that it will sell antimony concentrate created during the gold production to offset that production, making it the lowest cost gold producer in the USA, as well as the largest privately owned gold mine. All finances are in place for getting this started up (500M recently raised), and there is a 2B ExIm loan in the works already.

They only have one real permit left to get (I'm pretty sure, if not it is a dubious second). And that one permit has it's public comment period by the Idaho DEQ ending on Sept 8 (this Monday). After that there is some time to address the comments. I'm not sure of the timing but somewhere soon it goes into a draft permit if there are no significant issues. Given the federal permits take years to address, I'm thinking it's close (EDIT: i.e. all the big questions have been resolved with the federal permits and the state permits are much quicker to resolve). The company in one of their recent updates think it should be any time now. They have already stated that they are ready to present the go forward plan to shareholders anytime the permit(s?) complete which they expected in the summer. Likely production/refining by 2029.

Look for this from June on YouTube (this sub doesn't allow YouTube links): "Webinar: Perpetua Resources Unlocking the Stibnite Gold Project". It's the best overview out there. Also there are monthly updates on their site. Their projected share price in that was based on gold being $3000/oz is $38/share and $50/share at $3500/oz. If you've noticed, gold is climbing above 3600 and likely to go higher. Some speculate that gold will reach 5K in the next few years. And this is based on the current reserves they are about to open. But in fact there is high likelihood that there is nearly double that on their property, based on past exploratory drilling.

The only pain point is the the Nez Pierce tribe filing constant lawsuits. However I don't think any have stuck so far and they seem to be along the same vein. They're trying another one now but I think the counter argument to sink it is, why did you wait till now, this just seems like some blocking/delaying action. And many of their members want the mine for the jobs. They are trying to cause pain to block it, but simply put the mine is too important to the USA not to go forward.

More importantly is the fact that the mine is of significant strategic interest to the United States. Critical strategic interest in fact. Personally I think it is a done deal. It was on Biden's list to get built, Trump's top ten list, the DoD funded much of the permitting work, etc. That's my $0.02. As one should always do, do your own homework. 🙂 Cheers.