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TICKERS: PPTA

Idaho Stock ROD Expected This Year
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Perpetua Resources should receive a final Record of Decision for its Stibnite Gold Project from the U.S. Forest Service, according to a Roth MKM report.

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) offers favorable gold project economics and increasing strategic support from state and federal stakeholders, according to a February 2 research note from Roth MKM analyst Mike Niehuser.

The Stibnite Gold Project in central Idaho is slated to receive its Final Record of Decision from the U.S. Forest Service in October 2024. Additional review is ensuring the process can withstand potential litigation threats before final approval.

Perpetua has aligned project plans with the Nez Perce Tribe through a US$5 million habitat restoration agreement, demonstrating broad local support.

Importantly, Stibnite has also attracted government sponsorship to revive domestic antimony production for defense uses. The Department of Defense awarded over US$30 million in project funding from 2022 to 2023, with the potential for additional support. 

"Given the current level of support for the project, we believe a multiple of ~0.35x NPV5% is justified. Following the ROD, PPTA will update project economics and capital costs, which should result in an adjustment to our price target," Niehuser commented. 

Niehuser maintains a Buy rating and US$7.25 price target on the critical minerals company.


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Important Disclosures:

  1. Perpetua Resources Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. .
  2. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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Disclosures for Roth MKM, Perpetua Resources Corp., February 2, 2024

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Disclosures: Shares of Perpetua Resources Corp. may be subject to the Securities and Exchahange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors. No part of this report may be reproduced in any form without the express written permission of ROTH. Copyright 2024. Member: FINRA/SIPC.





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