Trump advisers urge ending environmental reviews for mines receiving US funds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Source: Reuters
Trump's Environmental Review Waiver Proposal: Advisers to incoming President Trump are recommending waiving environmental reviews for federally funded critical minerals projects to enhance domestic production and reduce reliance on China, the leading supplier of essential minerals for electric vehicles and electronics.
Impact on NEPA and Mining Regulations: If adopted, this proposal could significantly expedite permitting processes under the National Environmental Policy Act (NEPA), which has been criticized for its complexity and lengthy review times, potentially benefiting U.S. mining companies while raising concerns among conservation groups about environmental oversight.
Analyst Views on PPTA
Wall Street analysts forecast PPTA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PPTA is 32.72 USD with a low forecast of 30.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 34.850
Low
30.00
Averages
32.72
High
40.00
Current: 34.850
Low
30.00
Averages
32.72
High
40.00
About PPTA
Perpetua Resources Corp. is a development-stage company. The Company operates through mineral exploration in the United States segment. It is primarily engaged in acquiring mining properties with the intention of exploring, evaluating, and placing them into production. The Company’s principal business is the exploration and subject to receipt of required permitting, redevelopment, restoration and operation of the Stibnite Gold Project in Idaho, the United States. Its Stibnite Gold Project is located in central Idaho, the United States, which lies over 100 miles northeast of Boise, Idaho, over 38 miles east of McCall, Idaho, and approximately 10 miles east of Yellow Pine, Idaho. Its mineral Stibnite Gold Project contains gold, silver, and antimony mineral deposits. It focuses to explore, evaluate, and potentially redevelop three of the deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
