Perpetua Resources Corp. (NASDAQ:PPTA) announced on Monday that it has received the Final Record of Decision (ROD) from the United States Forest Service (USFS) for its Stibnite Gold Project. The ROD, issued on January 3, 2025, signifies the USFS's approval of the company's mine plan, marking a significant milestone for the British Columbia-based mining company, previously known as Midas Gold Corp (NASDAQ:PPTA).
The Final ROD outlines the USFS's rationale for approving the project, which aims to develop a gold and silver ore mine in the state of Idaho. The document is available on the USFS web page dedicated to the project. With this critical approval in hand, Perpetua Resources is now focusing on moving the project forward towards a construction decision. The company's next steps involve finalizing the remaining federal and state permits and securing financing for the project.
The Stibnite Gold Project has been a focal point for Perpetua Resources, with the company emphasizing its commitment to advancing the project in a manner that aligns with environmental and regulatory standards.
The news above is based on an SEC filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.