Jim Cramer Prefers Agnico over Perpetua Resources

Perpetua Resources Corp. (NASDAQ:PPTA) is one of the stocks Jim Cramer recently discussed. Answering a caller’s query about the stock during the lightning round, Cramer said, “It’s a hot stock, but let’s go with Agnico. Let’s go with Agnico.”

Perpetua Resources Corp. (NASDAQ:PPTA) is a mining company in the development stage that focuses on acquiring and exploring properties for gold, silver, and antimony. On December 9, the company announced that it entered an agreement with Idaho National Laboratory (INL) under which INL will host, commission, and operate a modular pilot processing plant to recover important defense minerals, including antimony, from the Stibnite Gold Project. The pilot plant will test production of military-specification antimony trisulfide for munitions and advanced U.S. defense systems using project material. President and CEO of Perpetua Resources, Jon Cherry, said:

“This partnership highlights Idaho’s role in national security and demonstrates our ongoing commitment to responsible resource development, job creation, and workforce training in Idaho. The successful demonstration of this plant will contribute to sustained growth in American mineral independence and resilience.”

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Disclosure: None. This article is originally published at Insider Monkey.