Topic: How To Invest

Q: Hi Pat: Can I please have your opinion on Perpetua Resources? Its mine looks promising. Thanks.

Article Excerpt

A: Perpetua Resources Corp., $12.24, symbol PPTA on Toronto (Shares outstanding: 70.2 million; Market cap: $863.5 million; www.perpetuaresources.com), is a development-stage company that acquires mining properties with the purpose of exploring, evaluating, and placing them into production. Currently, the company’s primary focus is on resurrecting the Stibnite gold project in Vally County, Idaho. Incorporated in B.C. in 2011, the company operated under the name “Midas Gold Corp.” before changing its name to Perpetua Resources Corp. on February 15, 2021. The Stibnite gold project contains several gold, silver, and antimony mineral deposits. Antimony is a silvery-white metal essential for national defense, clean energy, and technology applications. It’s used in many products including batteries, flame retardants, and alloys. Military applications include night vision goggles, flares, and nuclear weapons production. Mining began at Stibnite in 1899. Mining continued, on and off, during the twentieth century. In 1942, during the Second World War, miners discovered antimony and tungsten at Stibnite. Both minerals played critical roles in the…