Key facts
- Perpetua Resources has begun construction of the Burntlog Route for its Stibnite Gold Project in Idaho.
Perpetua Resources has begun construction on the Burntlog Route for its Stibnite Gold Project in Idaho, following a federal court's rejection of efforts to halt critical path activities. The project aims to supply antimony for U.S. defense interests. Meanwhile, NevGold Corp. is advancing a Nevada project to address the U.S. antimony supply gap, targeting a maiden antimony-gold resource by Q2. Locksley Resources confirmed high-grade rare earth mineralization at its El Campo prospect in California, also noting an extension of Dam Antimony mineralization. Rua Gold reported a positive Preliminary Economic Assessment for its gold and antimony project, which is located in a jurisdiction supporting fast-track development. In unrelated news, Caliche Development Partners III approved a natural gas storage expansion, and Wheaton Precious Metals launched a $1 million mining innovation challenge.
Perpetua Resources has commenced construction of the Burntlog Route for its Stibnite Gold Project located in Idaho. This development follows a federal court's decision to reject attempts to halt critical path activities, thereby allowing the project to move forward. The Stibnite Gold Project's primary objective is to supply antimony, a critical mineral for U.S. defense interests.
In parallel efforts to bolster U.S. mineral supply, NevGold Corp. is advancing a brownfield project in Nevada aimed at addressing the nation's antimony supply gap. The company has a funded treasury and is currently undertaking a drill program with the goal of defining a maiden antimony-gold resource by the second quarter. Locksley Resources Limited has confirmed high-grade rare earth mineralization at its El Campo Rare Element (REE) prospect in California, based on assay reports from its initial diamond drilling program. The company also reported an extension of Dam Antimony mineralization at the same site.
Rua Gold Inc. has announced a positive Preliminary Economic Assessment (PEA) for its gold and antimony project. This project is situated in a jurisdiction conducive to fast-track development, which could significantly reduce the time and costs associated with bringing it into production.
In other mining and energy sector news, Caliche Development Partners III, operating through Golden Triangle Storage, has made a Final Investment Decision (FID) for the initial phase of its Spindletop natural gas storage expansion. This decision was made subsequent to receiving approval from the Federal Energy Regulatory Commission (FERC) and is intended to address the increasing demand for natural gas storage capacity. Separately, Wheaton Precious Metals has launched its third annual Future of Mining Challenge, offering a $1 million prize for innovative solutions aimed at mine optimization and reducing environmental land impacts. Innovators globally are encouraged to submit their proposals for this challenge. GoldHaven is planning a fully funded drill program for 2026 at the Kuhn Tungsten Zone, focusing on exploration and potential development of this tungsten-rich area.
Perpetua Resources has commenced construction of the Burntlog Route for its Stibnite Gold Project located in Idaho. This development follows a federal court's decision to reject attempts to halt critical path activities, thereby allowing the project to move forward. The Stibnite Gold Project's primary objective is to supply antimony, a critical mineral for U.S. defense interests.