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Perpetua Resources Applauds Congressional Action on Antimony and Defense Stockpile
Perpetua Resources Applauds Congressional Action on Antimony and Defense Stockpile ...
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[{"type":"text","content":"\n \n \n \n Perpetua Resources Applauds Congressional Action on Antimony and Defense Stockpile\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Senate and House Armed Services Committees include antimony in reports for the National Defense Authorization Act (\"NDAA\").\n \n \n \n \n Congress asks for briefing from Defense Logistics Agency (\"DLA\") regarding the defense stockpile of antimony and supply chain vulnerabilities for the Chinese and Russian controlled mineral.\n \n \n \n \n House includes\n \n $10 million\n \n in Defense Appropriation bill to study secure sourcing of antimony trisulfide for the Department of Defense.\n \n \n \n \n Perpetua Resources could provide the only domestically mined source of antimony which is a critical mineral in many military applications and listed as a \"material of interest\" by the DLA.\n \n \n \n \n \n BOISE, Idaho\n \n \n ,\n \n \n June 21, 2022\n \n \n /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or \"Perpetua\" or the \"Company\") applauds\n \n the United States\n \n (\"U.S.\") Congress for taking steps to address vulnerabilities associated with the antimony supply chain – a mineral strategic to our national security efforts. Listed as a defense shortfall material by the Department of Defense and one of 50 critical minerals listed by the United States Geological Survey, antimony is essential for munitions and numerous other military products but is largely controlled by\n \n China\n \n and\n \n Russia\n \n . Within the last two weeks, Congress has shown growing interest in the status and readiness of the National Defense Stockpile, taking specific action to require the Defense Logistics Agency to brief Congress on the status and future supply risks of the antimony stockpile and to increase spending to secure critical defense materials, including antimony. Currently,\n \n the United States\n \n is fully reliant on foreign sources for primary production of antimony.\n \n \n \"I am encouraged by the recogni...