U.S. Secretary of Labor, Idaho Governor Visit Perpetua Resources to Discuss Stibnite Gold Project Importance to Securing U.S. Jobs and Critical Minerals Stibnite Gold Project Listed as a White House Transparency Project
405 S 8th Street #201, Boise, ID 83702
NEWS RELEASE
August 6, 2025
U.S. Secretary of Labor, Idaho Governor Visit Perpetua Resources to Discuss
Stibnite Gold Project Importance to Securing U.S. Jobs and Critical Minerals
Stibnite Gold Project Listed as a White House Transparency Project
Perpetua Anticipates 550+ Direct Jobs in Idaho during operations
Perpetua Announces Stibnite Launch Scholarship with College of Western Idaho
BOISE, ID – Today, U.S. Secretary of Labor Lori Chavez -DeRemer and Idaho Governor Brad
Little met with Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources”
or “Perpetua” or the “Company”) in Valley County, Idaho to discuss the Stibnite Gold Project’s
strategic importance to the United States and Perpetua’s plans to provide family-wage, in-
demand jobs to rural Idaho during the construction and operations of the Stibnite Gold Project.
During the visit, Perpetua Resources announced a new education and job training partnership
with the College of Western Idaho (CWI).
The Secretary’s visit underscores
the Trump administration’s focus
on domestic critical mineral
projects that are essential to U.S.
national security, like the Stibnite
Gold Project. The Stibnite Gold
Project is designed to restore the
environment, provide family -
wage jobs to rural Idaho, and
produce gold and the critical
mineral antimony. The Stibnite
Gold Project, which was
identified as a “Transparency
Project” by the National
Economic Development Council,
is expected to provide the United States its only domestically mined source of the critical
mineral antimony. Given antimony's essential role in hundreds of defense applications, the
Department of Defense has granted Perpetua Resources more than $80 millio n to date to
advance the Stibnite Gold Project.
“Perpetua is committed to Idaho,” said Jon Cherry, CEO of Perpetua Resources. “We want our
project to benefit local communities , and one of the most tangible ways we can do that is by
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providing meaningful, well-paying careers. For years, we have been laying the foundation –
providing internships, working with local schools and investing in career education for local
students – and soon we intend to offer quality, family-wage jobs to hundreds of Idaho workers
at the Stibnite Gold Project . It was a true honor to host U.S. Secretary of Labor Lori Chavez -
DeRemer and Governor Brad Little and tell them about our efforts to bring jobs to rural Idaho.”
“The Stibnite Gold Project represents exactly the kind of American -led initiative we need to
secure our critical mineral supply chains, strengthen national security, and create in -demand,
mortgage-paying jobs,” said Secretary Chavez-DeRemer. “Under President Trump’s leadership,
the U.S. Department of Labor is committed to working with employers like Perpetua to ensure
they have the skilled workforce they need to ramp up domestic production. I’d like to thank
Governor Little and Perpetua Resources for hosting me today and providing an update on this
important project, which fulfills our mission to put American workers first.”
To advance Perpetua’s commitment to hiring locally, during the Secretary and Governor’s visit,
Perpetua Resources announced the creation of the Stibnite Launch Scholarship to support
CWI’s Geosciences Department, helping prepare students with real -world, hands-on training
for rewarding, high -skill jobs in Idaho’s mining sector. Perpetua presented CWI with a
$250,000 check to fund scholarships for 12 or more CWI Geosciences and Mining Technician
students each year for the next three years and at least three students per year thereafter.
“Partnerships like this between Idaho
businesses and our higher education
institutions mean we can keep jobs,
economic benefits, and expertise
right here in Idaho. I appreciate
Perpetua Resources for its
commitment to supporting students
and families and s trengthening rural
Idaho,” Governor Little said.
Designed to complement the Idaho
LAUNCH grant program, which
provides students a one -time
opportunity to have 80 percent of
their tuition and fees covered at an eligible institution, the Stibnite Launch Scholarship can fund
the remaining 20 percent of a CWI student recipient’s tuition and fees, closing the funding gap
and providing financial relief to [eligible students.
“CWI is proud to be named the official education partner of Perpetua Resources,” said CWI
President Gordon Jones. “This partnership expand s hands-on learning and workforce
opportunities for our students, while also supporting the economic vitality of Idaho. By working
together, we are preparing Idahoans for essential careers and ensuring our communities thrive
for generations to come.”
Idaho LAUNCH was created by Governor Little in 2023 to help Idaho students receive the
training they need ed to fill rewarding , well-paying jobs in the state. To date, nearly 11,000
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Idaho graduating high school seniors and over 10,000 adults have taken advantage of
LAUNCH grants.
During their visit, Secretary Chavez-DeRemer and Governor Little held a roundtable discussion
with Perpetua Resources, project partners , and local education leaders to learn more about
the opportunities mining is creating for Idahoans. Roundtable participants encouraged
permitting reform to advance critical mining projects and pointed to LAUNCH as an essential
program to advance Idaho’s workforce readiness.
Since her appointment as U.S. Secretary of Labor, Chavez-DeRemer has prioritized putting
American workers first. As part of her “America at Work” listening tour, Secretary Chavez-
DeRemer has traveled across the country to meet with American businesses and workers to
identify the skills and training programs our country needs to power the economy. Her stop in
Valley County , Idaho, demonstrates her ongoing commitment to understanding the labor
needs of Idaho’s rural workforce and underscores how the Stibnite Gold Project can fuel the
region’s economic success.
For further information about Perpetua Resources Corp., please contact:
Chris Fogg
Investor Relations Manager
Mckinsey Lyon
Vice President External Affairs
Website: www.perpetuaresources.com
About Perpetua Resources and the Stibnite Gold Project
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site
restoration and redevelopment of gold -antimony-silver deposits in the Stibnite -Yellow Pine district of
central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the
highest-grade, open pit gold deposits in the United States and is designed to apply a modern,
responsible mining approach to restore an abandoned mine site and produce both gold and the only
mined source of antimony in the United States. Antimony trisulfide from Stibnite is the only known
domestic reserves of antimony that can meet U.S. defense needs for many small arms, munitions, and
missile types.
FORWARD-LOOKING INFORMATION
Investors should be aware that the Stibnite Gold Project’s designation as a Transparency Project does not
imply endorsement of or support for the project by the federal government, or create a presumption that
the Project will be approved, favorably reviewed by any agency, or receive federal funding. The
designation of a project as a Transparency Project may be reconsidered based on updated information.
Statements contained in this news release that are not historical facts are "forward -looking information"
or "forward -looking statements" (collectively, "Forward -Looking Information") within the meaning of
applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act
of 1995. Forward -Looking Information includes, but is not limited to, disclosure regarding expected
benefits from the Project, including providing a domestic source of antimony, local employment
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opportunities, national defense benefits and environmental benefits; expected benefits from the Stibnite
Launch Program and other educational and training initiatives; and the number and nature of jobs
expected to be created . In certain cases, Forward -Looking Information can be identified by the use of
words and phrases or variations of such words and phrases or statements such as "anticipate", "expect",
"plan", "likely", "believe", "intend", "forecast", "project", "estimate" , "potential", "could", "may", "will",
"would" or "should". Forward -Looking Information in this news release are based on certain material
assumptions and involve, known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Perpetua Resources to be materially different from any
future results, performance or achievements expressed or implied by the Forward -Looking Information.
Such risks and other factors include those factors discussed in Perpetua Resources' public filings with the
U.S. Securities and Exchange Commission (the "SEC") and its Canadian disclosure record. Although
Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and
may cause actual actions, events or results to differ materially from those described in Forward -Looking
Information, there may be other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that Forward -Looking Information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on Forward -Looking Information. For
further information on these and other risks and uncertainties that may affect the Company's business,
see the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of
Operations" sections of the Company's filings with the SEC, including Perpetua’s Annual Report on Form
10-K filed with the SEC on March 19, 2025 and subsequent filings on Form 10-Q and Form 8-K, which are
available at www.sec.gov and with the Canadian securities regulators, which are available at
www.sedarplus.com. Except as required by law, Perpetua Resources does not assume any obligation to
release publicly any revisions to Forward -Looking Information contained in this news release to reflect
events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.