Perpetua Resources to Explore Antimony Supply Chain Options with Sunshine Silver

Dow Jones

2024/12/09

By Adriano Marchese

Perpetua Resources said it will explore antimony processing opportunities with Sunshine Silver Mining & Refining Company.

On Monday, Perpetua on Monday said that it as entered into a memorandum of understanding with Susnhine Silver Mining to evaluate the technical potential for processing and refining antimony from the its Stibnite Gold project in Idaho at the Sunshine Mine Complex.

Antimony is a key component used in national defense products, clean energy and technology applications such as in semiconductors. Currently, China dominates antimony production, refinement, and processing capabilities globally, and recently announced sweeping bans on exports of antimony to the U.S., the company said.

"A fully American antimony supply chain is paramount for U.S. national and economic security," said Sunshine Silver Chief Executive Heather White. "We are confident that Sunshine can process and produce high-grade antimony here in Idaho as we have done in the past.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 09, 2024 07:44 ET (12:44 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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