antimony News & Analysis
2 articles
Market Mood
Perpetua Resources (PPTA) Secures $2.9 Billion Loan for Mining Project
Perpetua Resources (PPTA) has secured a $2.9 billion loan from the U.S. Export-Import Bank to fund its Stibnite Gold Project in Idaho, which aims to produce gold and antimony. This loan is the largest under EXIM's 'Make More in America' initiative and the fourth largest in the agency's history. The project is expected to meet about 35% of U.S. antimony demand within six years of production, essential for defense and renewable energy applications. Following the announcement, Perpetua shares increased by over 12%.
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United States Antimony (UAMY) Restarts Mining Operations in Montana
On April 2, United States Antimony Corporation (NYSE: UAMY) announced the restart of mining operations at its Stibnite Hill property in Montana after a seasonal pause, allowing for earlier ore extraction due to favorable weather conditions. This resumption supports the transportation of antimony ore to the Radersburg Flotation Facility for processing and smelting at the Thompson Falls facility, reinforcing UAMY's vertically integrated production model. On March 24, B. Riley analyst Nick Giles raised the price target for UAMY to $13 from $11 while maintaining a Buy rating, citing increased feedstock procurement. The strategic importance of UAMY's domestic production is underscored by rising demand for antimony amid tightening global supply.
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