Agnico Eagle and JP Morgan Chase to invest $255m in Perpetua Resources.

Agnico Eagle, a Canadian-based gold mining company that primarily focuses on the exploration, development, and production of mineral properties with a focus on gold, and JP Morgan Chase, a financial holding company primarily engaged in investment banking, agreed to invest $255m in Perpetua Resources, a company 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 investments from Agnico Eagle and JPMorganChase are a vote of confidence in the Stibnite Gold Project and America’s critical mineral strategy. Investments from two leading, world-class institutions strengthens our capital position, reduces financing risk, and accelerates the development of one of the nation’s most strategic resource projects,” Jon Cherry, Perpetua Resources President and CEO.