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Biden administration issues permit for Perpetua's Idaho antimony and gold mine, Reuters says
By Ernest Scheyder
Reuters
Friday, January 3, 2025
The Biden administration today issued the final mining permit for Perpetua Resources' Idaho antimony and gold project, a move aimed at spurring U.S. production of a critical mineral at the center of a widening trade war between Washington and Beijing.
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Permitting for the mine, backed by billionaire investor John Paulson, comes after Beijing last month blocked exports to the U.S. of antimony, a metal used to make weapons, solar panels, flame retardants, and other goods for which there are no current American sources.
The U.S. Forest Service released the final record of decision for Perpetua's Stibnite project -- essentially the mine's permit -- after an eight-year review process, according to documents published on the agency's website.
Shares of Boise, Idaho-based Perpetua gained 9.1% in after-hours trading after Reuters reported the permit decision. ...
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