Perpetua Resources in discussions with Glencore, others on U.S. antimony processing

Perpetua Resources (NASDAQ:PPTA [https://seekingalpha.com/symbol/PPTA]) is in talks with Glencore (OTCPK:GLCNF [https://seekingalpha.com/symbol/GLCNF]), Trafigura, and others about a partnership to refine antimony in the U.S., _Reuters_ reported on Thursday.

"We are encouraged by emerging opportunities to expand domestic mineral processing capacity in America and intend to make well-informed, market-based decisions when selecting a partner," said Jon Cherry, Perpetua's (NASDAQ:PPTA [https://seekingalpha.com/symbol/PPTA]) CEO.

The company, which counts billionaire John Paulson as its largest shareholder, last week received permission from the U.S. government to begin construction of its antimony and gold mine about 138 miles (222 km) north of Boise in Idaho.

The mine will be the largest supplier of antimony in the U.S., which is used to make bullets, solar panels, and other goods. There are no current U.S. sources of the metal.

Perpetua Resources' (PPTA [https://seekingalpha.com/symbol/PPTA]) U.S.-listed shares have risen 78% so far this year.

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