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Perpetua Resources Awarded Department of Defense Funding to Study Antimony from Stibnite Gold Project
Perpetua Resources Awarded Department of Defense Funding to Study Antimony from Stibnite ...
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[{"type":"text","content":"\n \n \n \n Perpetua Resources Awarded Department of Defense Funding to Study Antimony from Stibnite Gold Project\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 Global conflict and fractured supply chains have strained U.S. ammunition supplies.\n \n \n \n \n Grants will be used to evaluate if antimony samples from the Stibnite Gold Project can meet military specifications for U.S. ammunition supply chain.\n \n \n \n \n The Stibnite Gold Project is expected to be the only mined source of the critical mineral antimony in\n \n the United States\n \n .\n \n \n \n \n \n BOISE, ID\n \n \n ,\n \n \n Sept. 19, 2022\n \n \n /CNW/ - Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or \"Perpetua\" or the \"Company\") announced today the Company was awarded two funding grants from the U.S. Department of Defense (\"DOD\") Defense Logistics Agency (\"DLA\") to study the domestic production of military-grade antimony trisulfide, an essential component in ammunition and dozens of other defense materials. Perpetua will receive\n \n $200,000\n \n in total to evaluate whether antimony from the Stibnite Gold Project (\"Project\") can meet military specifications (\"Mil-Spec\") to help secure America's defense and commercial ammunition supply chain while also evaluating alternate methods for purifying antimony trisulfide.\n \n \n \"Antimony from the Stibnite Gold Project site served our national defense needs during World War II (\"WWII\") and Perpetua is confident we can be part of the solution again,\" said\n \n Laurel Sayer\n \n , President and CEO of Perpetua Resources. \"We are grateful for this opportunity to work with the Department of Defense to demonstrate that our Project can develop reliable and domestically sourced antimony trisulfide for defense and commercial ammunition. It would be a great honor to support the independence of our country's defense supply chains and the brave men and women who serve our country.\"\n \n \n Perpetua submitted two proposals to DLA's \"Producti...