JPMorgan and Agnico Eagle Pour $255 Million into Perpetua Resources’ Stibnite Project
Wall Street and Bay Street unite behind Perpetua Resources as JPMorgan and Agnico Eagle inject $255 million into Idaho’s Stibnite gold-antimony project — a landmark moment for America’s critical minerals revival.
When the biggest name on Wall Street and one of Canada’s most respected gold miners throw their weight behind a single company, you know something is shifting in the resource world. Perpetua Resources (NASDAQ, TSX: PPTA) has just locked in $255 million from JPMorgan Chase and Agnico Eagle Mines Ltd. (TSX: AEM), a deal that cements Idaho’s Stibnite gold-antimony project as a cornerstone of North America’s critical minerals future.
For readers of JuniorStocks.com, we’ve been tracking antimony’s return to the spotlight for months — and this move by JPMorgan and Agnico is a thunderclap moment. It’s not just about gold anymore. This is about strategic metals, national security, and the West’s fight to regain control over supply chains that have been dominated by China for decades.
JPMorgan Makes a Strategic Power Play
JPMorgan’s $75 million stake in Perpetua is part of its newly launched $1.5 trillion Security and Resiliency Initiative, a massive fund dedicated to fortifying U.S. industrial and mineral independence. The bank now holds nearly a 3% position in Perpetua, plus the right to exercise $42 million in warrants over the next three years.
Doug Petno, JPMorgan’s co-CEO of commercial and investment banking, made it clear this isn’t just an investment — it’s a mission. “With this investment, we are supporting a company in an industry critical to national security and American resiliency,” he said. That message resonates with Washington’s growing focus on resource sovereignty, especially as China continues to weaponize exports of strategic materials.
In 2024, China abruptly halted all antimony exports — a move that sent shockwaves through Western supply chains. With Perpetua now advancing construction on a $1.3 billion domestic source, JPMorgan’s backing sends a powerful signal: Wall Street is betting on antimony as a pillar of America’s industrial comeback.

