NevGold Congratulates Perpetua Resources On US$2.9 Billion Loan for the Gold-Antimony Stibnite Project in Idaho; NevGold Rapidly Advancing its At-Surface Oxide, Antimony-Gold Limo Butte Project to Near-Term U.S. Production
· Financial Post
Perpetua’s Stibnite Project is currently the only large-scale, domestic resource of the Critical Mineral antimony. NevGold is rapidly advancing its maiden antimony-gold Mineral Resource Estimate (“MRE”) at the Limo Butte Project in Nevada, which is nearing completion. Additionally, the Company expects to benefit from the oxide-antimony material contained within the historically mined gold leach pads at surface, potentially providing a faster pathway toward near-term antimony production.
Brandon Bonifacio, NevGold’s CEO comments: “Perpetua has played a foundational role in establishing the framework for a U.S. antimony supply chain, and we congratulate their team on this important milestone. The US$2.9 billion EXIM commitment underscores the strategic importance of antimony and the need for multiple domestic sources to close the large supply deficit in the United States. Even with Stibnite moving toward production, the antimony supply gap remains substantial now and into the future. Advanced U.S. antimony projects must co-exist to achieve true mineral independence and security for America.” Read More
Brandon Bonifacio, NevGold’s CEO comments: “Perpetua has played a foundational role in establishing the framework for a U.S. antimony supply chain, and we congratulate their team on this important milestone. The US$2.9 billion EXIM commitment underscores the strategic importance of antimony and the need for multiple domestic sources to close the large supply deficit in the United States. Even with Stibnite moving toward production, the antimony supply gap remains substantial now and into the future. Advanced U.S. antimony projects must co-exist to achieve true mineral independence and security for America.” Read More
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