Wednesday, May 21, 2025

Trump Administration gives final federal approval needed for Idaho gold and antimony mine

Via Bloomberg, this news: 

The Trump administration granted the final federal permit for a mine in Idaho that will produce gold and antimony, a critical mineral used in munitions and other applications.

The US Army Corps of Engineers issued the Clean Water Act permit needed for Perpetua Resources Corp.’s Stibnite project in Idaho. The move was facilitated by Interior Secretary Doug Burgum, the chair of the National Energy Dominance Council, according to a statement from his department.

“This mine marks a major step by this administration to secure critical mineral supply chains, reduce reliance on foreign countries, accelerate energy projects, unlock domestic resources, and drive American energy dominance on the global stage,” the department said.

Stibnite was one of 10 mine projects awarded fast-track status in April to speed the approvals process. Others included the Resolution Copper mine in Arizona, owned by Rio Tinto Group and BHP Group.

Perpetua is now focused on securing state permits and financing, the company said in a separate statement Monday. Stibnite can meet about 35% of US antimony demand during the first six years of production, the company estimates. The project is also expected to produce about 450,000 ounces of gold annually during its first four years of output.

 It will be interesting to see how long it takes before this mine actually begins producing antimony...

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looks like Blogger doesn't work with anonymous comments from Chrome browsers at the moment - works in Microsoft Edge, or from Chrome with a Blogger account - sorry! CJ 3/21/20