Mining Stock Daily

The Stibnite Shockwave: Is the JP Morgan Investment a Turning Point for U.S. Mining?

Oct 31, 2025
Adam Hawkins, an advisor on mining policy, and Chris Temple, a commodities analyst, discuss the U.S. mining landscape post-Idaho conference. They analyze the recent $75 million JP Morgan investment in Perpetua’s Stibnite project, considering its implications for private and government capital. The duo highlights the ongoing regulatory challenges that delay investments and calls for a stronger North American partnership to enhance mineral security. They celebrate the University of Idaho's new geological engineering school as a positive step for the industry.
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INSIGHT

Geology Remains A Strength

  • The U.S. has strong geology and improving discovery technology, making it an attractive mining jurisdiction.
  • Policy turbulence like tariffs and construction cost uncertainty still complicates project economics.
INSIGHT

Capital Interest Is Rising, Policy Lags

  • Investor interest in commodities and energy has rebounded modestly with more coverage and education.
  • But the U.S. lacks a comprehensive industrial policy to truly rebuild its extractive industries.
INSIGHT

JP Morgan Move Is Symbolic, Not Systemic

  • J.P. Morgan's $75M for a 3% stake in Perpetua/Stibnite is notable but small relative to its stated decade plan.
  • Private moves matter, yet their impact could fade in a broad market correction.
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