Live News • Aug 01
Perpetua Resources Launches Pilot Plant With US Army to Advance Domestic Antimony Supply Perpetua Resources, the US Army and Idaho National Laboratory have launched a modular pilot plant to process antimony trisulfide using samples from the Stibnite Gold Project in Idaho, which is described as the only identified domestic reserve of this critical mineral.
The project is intended to support a secure US antimony supply chain for military and industrial uses, linking Perpetua’s resource base directly to national security and reducing reliance on foreign sources.
Perpetua Resources’ shares trade at about CA$25.78, with the stock down about 30.9% over the past 90 days, which frames this announcement against a period of weaker recent share performance.
This pilot plant ties Perpetua Resources’ future more closely to US defense and critical minerals policy, which could affect funding access, permitting priorities and long‑term offtake risk if the initiative progresses beyond testing. Live News • Jul 04
Perpetua Resources Faces Probe Into Potential Fiduciary Duty Breaches by Insiders Halper Sadeh LLC, an investor rights law firm, has opened an investigation into whether certain officers and directors of Perpetua Resources breached their fiduciary duties to shareholders, with potential outcomes including governance reforms, return of funds, financial incentive awards or other relief.
The firm says the probe is aimed at improving transparency and accountability at Perpetua Resources. If issues are identified, this could lead to changes in board oversight, executive incentives or internal controls.
Perpetua Resources shares trade around CA$31.25, with the stock down about 23.6% over the past 90 days, a backdrop that can often increase shareholder focus on governance and board decisions.
This kind of investigation can introduce legal and reputational risk for Perpetua Resources, while also creating a possible catalyst for corporate governance changes that some shareholders may view as supportive of longer-term oversight quality. New Risk • Jul 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$139m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$139m free cash flow). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$66m net loss in 2 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). 
