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Perpetua Resources Awarded up to $15.5 Million in Department of Defense Funding to Demonstrate a Fully Domestic Antimony Trisulfide Supply Chain
Perpetua Resources Awarded up to $15.5 Million in Department of Defense Funding to Demonstrate a ...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n \n \n \n Perpetua Resources Awarded up to $15.5 Million in Department of Defense Funding to Demonstrate a Fully Domestic Antimony Trisulfide Supply Chain\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 Perpetua Resources signs agreement through the Department of Defense Ordnance Technology Consortium.\n \n \n \n \n Agreement objective is to demonstrate a fully domestic antimony trisulfide supply chain using ore from the Stibnite site that can meet military specifications for use in munitions.\n \n \n \n \n The Stibnite Gold Project is poised to be the only domestically mined source of the critical mineral antimony which is essential for national defense.\n \n \n \n \n \n BOISE, Idaho\n \n \n ,\n \n \n Aug. 21, 2023\n \n \n /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) announced today that its wholly owned subsidiary, Perpetua Resources Idaho, Inc. (collectively, \"Perpetua Resources\" or \"Perpetua\" or the \"Company\"), was awarded an Ordnance Technology Initiative Agreement (\"OTIA\" or \"Agreement\") of up to\n \n $15.5 million\n \n under the Prototype Other Transaction (\"OT\") authority of the Department of Defense (\"DoD\") through the DoD Ordnance Technology Consortium (\"DOTC\"). Managed by the U.S. Army Joint Center of Excellence for Guns and Ammunition at the Picatinny Arsenal in\n \n New Jersey\n \n , the objective of the OTIA is to demonstrate a fully domestic antimony trisulfide supply chain using ore from the Stibnite Gold Project (\"Project\") site for use in munitions. To meet this objective, the Company plans to obtain additional core samples from the Project site, conduct a pilot plant study to produce mil-spec antimony trisulfide from the samples, design a full-scale process circuit, and deliver a modular pilot plant for the DoD to use in further investigations.\n \n \n Under the OTIA, Perpetua will be reimbursed for these activities on a cost-plus fixed fee basis over the 24-month period of performance. The current estimated amount is\n \n $15.5 million\n \n...