Perpetua Resources yesterday announced that the Company has entered into agreements to raise $255 million in equity investments from Agnico Eagle Mines Limited and JPMorganChase. The announcement comes days after Perpetua broke ground on the Stibnite Gold Project in central Idaho, which, once in production, will be the only domestic reserve of antimony.
The Wall Street Journal reports that rare earth mining companies are the hottest investment bet, with a flurry of billion-dollar deals reshaping the minerals industry. Since China began flexing its supply chain muscles by restricting exports of rare earths in the last year, private and government funding has flowed into rare-earth companies hoping to reduce US reliance on China. President Trump and Chinese leader Xi Jinping are set to meet on Thursday in South Korea, and rare earths will definitely be that part of the discussion.
Finally, off-year elections in Virginia and New Jersey are proving that surging electricity prices will be a key point of voter concern in next year's midterm elections. Voters are extremely concerned about soaring energy prices and voters are mixed on who's to blame. Democrats point to the One Big Beautiful Bill Act, which terminated tax credits for wind, solar and other clean energy technologies, as well as the administrations's cancellations of renewable energy projects and grants. Republicans label Democrat policies pushing renewables as too much, too fast, leaving the grid without enough energy production to meet the demands. So which side has the winning argument, at least from the voter perspective? We'll soon know from the polls.
