US Stock Market Move | Discuss with JNC on joint construction of antimony refining plant in the United States, Perpetua Resources (PPTA.US) rises over 7%.

On Friday, Perpetua Resources (PPTA.US) rose more than 7%, hitting a new all-time high, with a 90% surge in the year. On the news front, the company announced on Thursday that it is in talks with companies like China Minmetals and Toko to establish an antimony refining plant in the United States, as part of its efforts to increase western antimony supply. Last week, the company received approval from the US government to begin construction of its antimony mine approximately 138 miles (222 kilometers) north of Boise, Idaho. This mine will become the largest antimony mining supply location in the United States. Antimony is a critical mineral used in manufacturing bullets, solar panels, and other products. Currently, there is no domestic antimony mining resource in the United States. Perpetua Resources CEO Jon Cherry stated, "We are excited about the new opportunity to expand domestic mineral processing capability in the United States and intend to make wise, market-based decisions when selecting our partners."