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Perpetua Resources and U.S. Army Open New Antimony Processing Plant
Perpetua Resources, the U.S. Army and Idaho National Laboratory, managed by Battelle Energy Alliance, announced the opening of a new modular mineral processing plant. The pilot plant is designed to demonstrate and help establish a secure, end-to-end domestic supply chain for antimony, a critical mineral essential to U.S. national security. Located at the INL in Idaho Falls, the modular mineral pilot plant is designed to utilize antimony samples from Perpetua's Stibnite Gold Project in central Idaho with the goal of demonstrating how to process high-quality antimony trisulfide for use in specialized military and industrial applications. The pilot plant is the culmination of a multi-year collaboration between the U.S. Army via the Defense Ordnance Technology Consortium and Perpetua Resources to advance a fully domestic, "ground-to-round" antimony supply chain. The facility also has the potential to support future processing of additional critical minerals.
Stock Futures Edge Higher, IMAX Shares Up 14%
Stock futures edged higher Friday morning as markets headed toward a weekly gain despite continued volatility. Treasury yields have eased, lifting megacaps and chip stocks, though markets continue to be on watch for signs of a breakthrough in negotiations to end the war in Iran.In pre-market trading, S&P 500 futures increased 0.35%, Nasdaq 100 futures were up 0.38% and Dow futures gained 0.60%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Imaxup 14% following a WSJ report that the company is considering a saleEstee Lauderup 12% after the company and Puigconfirmed that they have ended talks about a potential combinationMerckup 3% after its treatment for lung cancer in partnership with Chinese-based Kelun-Biotech cut tumor progression risk by 65% in a Phase 3 studyPerpetua Resourcesup 8% after the company announced that it has secured a $2.9B loan from the U.S. Export-Import BankSweetgreenup 9% after being upgraded at JPMorgan on its ramping brand transformationUP AFTER EARNINGS -Ross Storesup 5%Workdayup 7%Zoom Communicationsup 8%Take-Twoup 4%Booz Allenup 4%DOWN AFTER EARNINGS -Deckers Outdoordown 3%LOWER -Futudown 38% after Reuters reported that China is launching a crackdown on illegal cross-border securities trading
Perpetua Resources Secures $2.9B Loan for Stibnite Gold Project
Perpetua Resources announced that the Board of the Export-Import Bank of the United States has unanimously approved a $2.9B senior secured long-term loan under the Make More in America Initiative to support the development of Perpetua's Stibnite Gold Project. EXIM's approval comes after extensive technical, financial, environmental and social due diligence and a 25-day notice period to Congress.
Stibnite Project Progressing Well, Final Investment Decision Expected in H2 2026
"After breaking ground late last year at our Stibnite project, we maintained our momentum in Q1 2026," said Jon Cherry, CEO. "Q1 saw considerable progress towards securing our comprehensive project financing plans with U.S EXIM and a final vote is expected in the coming weeks. Meanwhile, we significantly advanced detailed engineering, continued early works construction and began procurement for long-lead time items ahead of our Final Investment Decision expected in the second half of 2026."
Perpetua Resources Selects Hatch as EPCM Contractor for Stibnite Gold Project
Perpetua Resources has selected Hatch as the Engineering, Procurement, and Construction Management, or EPCM, contractor for the Stibnite Gold Project, or SGP. The appointment of Hatch marks a milestone in Perpetua's transition from planning to development, ahead of a final investment decision expected in the spring of 2026. Hatch is also making a $4M equity investment in the company. Under the EPCM model, Hatch will be responsible for: comprehensive process plant and site infrastructure engineering and design; procurement management for all major site equipment and systems; construction management across the full process facility scope and other site infrastructure; integrated project controls, reporting, and performance management standards. The selection of Hatch supports ongoing financing due diligence with the U.S. Export-Import Bank. The company and Hatch are currently negotiating terms of the definitive EPCM contract to reflect the terms of Hatch's winning bid. The EPCM contract is expected to be finalized in the coming weeks. The private placement will comprise the issue of 138,696 common shares at the price of $28.84 per share. The private placement is expected to close in two equal tranches upon reaching certain milestones. Stibnite remains the only known domestic reserve of antimony capable of meeting U.S. defense requirements for munitions.
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