Perpetua Resources Corp. (PPTA) saw its stock soar 5.00% in pre-market trading on Monday, following the announcement that the company has broken ground on its highly anticipated Stibnite Gold Project in Idaho. This development marks a significant milestone for one of the most substantial gold projects in the United States.

The Stibnite Gold Project is poised to become a major producer of both gold and antimony, with the latter being a critical mineral for U.S. military and industrial applications. Perpetua Resources has made considerable progress in recent months, securing over $330 million in equity investments and receiving a conditional Notice to Proceed from the U.S. Forest Service after placing financial assurance.

Early works construction for the project commenced in October 2025, demonstrating the company's commitment to advancing the development. Perpetua is currently focusing on further project financing and detailed engineering, with a full construction decision anticipated in spring 2026. The positive market reaction reflects investor confidence in the project's potential and the company's ability to execute its plans, potentially leading to significant future revenue streams and strategic importance in the U.S. critical minerals sector.