Perpetua Resources (PPTA) Wins $2.9 Billion Loan Approval. What Comes Next?

We just published our list of the 10 Best Materials Stocks to Invest in According to Wall Street Analysts, and Perpetua Resources Corp. (NASDAQ:PPTA) ranked ninth.

A quarry can sell crushed stone cheaply and still lose a job to a closer supplier. Stone is heavy and inexpensive per ton, so freight can wipe out a price advantage at the quarry. The U.S. Justice Department has treated construction aggregates as local markets in merger reviews for that reason. A well-located quarry may face only...