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Stock impact report

Resolution Minerals acquires Johnson Creek tungsten mill in US [Yahoo! Finance]

Perpetua Resources Corp. - Common Shares (PPTA) 
Company Research Source: Yahoo! Finance
Australian company Resolution Minerals has completed the acquisition of the Johnson Creek Tungsten & Antimony Mill and related infrastructure, along with 2,000t of tungsten ore stockpiles in Idaho, US. This acquisition of the mill, which is located adjacent to the Horse Heaven project, supports Resolution's push towards US production and in-house processing of antimony, tungsten and gold. However, the current resource estimates are classified as both a historical estimate and a foreign estimate and have not been evaluated under the Joint Ore Reserves Committee (2012) Code standards. Historically, the Horse Heaven project contributed to US antimony supplies during major conflicts including the First and Second World Wars and the Korean War, and was mined for tungsten into the 1980s. The company seeks to expedite production in response to rising demand for critical metals and high market prices. The acquisition includes significant assets such as the processing mill, two hist Show less Read more
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