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ID SJM103
JM
Status
3/25/2025
Primary Sponsor
State Affairs Committee
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AI Summary
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Idaho Legislature commends approval of Perpetua Resources' Stibnite Gold Project in central Idaho, which received a Final Record of Decision from the U.S. Forest Service on January 3, 2025
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The project contains the only identified domestic reserve of antimony (148 million pounds) and 4.8 million ounces of gold, with antimony capable of satisfying 35% of U.S. demand in the first six years
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China, Russia, and Tajikistan control 90% of global antimony supply, and China restricted all antimony exports to the U.S. in 2024, creating urgent national defense needs
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Perpetua Resources will invest approximately $2.2 billion in construction, employ over 500 people annually, spend $220 million annually in operations, and has already invested $19 million in early site cleanup
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The Legislature urges the Trump administration and state/federal agencies to expedite remaining permits for this and other critical mineral projects without undue delay
Legislative Description
States findings of the Legislature, commends approval of the Stibnite Gold Project, and requests the remaining permits for the project be expeditiously processed and approved.
STIBNITE GOLD MINE
Last Action
Reported signed by the Speaker & ordered delivered to Secretary of State
3/25/2025