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Perpetua Resources Awarded up to $6.9 Million in Defense Funding to Further Advance a Fully Domestic Antimony Trisulfide Supply Chain
Perpetua Resources Awarded up to $6.9 Million in Defense Funding to Further Advance a Fully Domes...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n\n\n\n Perpetua Resources Awarded up to $6.9 Million in Defense Funding to Further Advance 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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n BOISE, Idaho\n \n\n ,\n \n\n May 28, 2025\n \n\n /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or \"Perpetua\" or the \"Company\") today announced that it has been awarded up to\n \n $6.9 million\n \n in additional funding from the U.S. Army via the Defense Ordnance Technology Consortium (\"DOTC\"). The funding builds on the\n \n $15.5 million\n \n awarded to the Company by DOTC under an Ordnance Technology Initiative Agreement (\"OTIA\") in\n \n August 2023\n \n . The funds are being applied to testing intended to demonstrate the feasibility of using material sourced from Perpetua's Stibnite Gold Project (\"Project\") to produce military-specification antimony trisulfide, a critical component in certain munitions and advanced defense systems. The OTIA is intended to fund the development and delivery of a flexible, modular pilot plant to the U.S. Army to process antimony and other materials of Department of Defense interest. The additional funding is intended to enable Perpetua to expand material sampling and to increase the scope and size of the flexible, modular pilot plant that was contemplated under the original OTIA.\n \n\n \"We are honored to continue our work with the U.S. Army to secure a domestic source of antimony trisulfide,\" said\n \n Jon Cherry\n \n , President and CEO of Perpetua Resources. \"Advancing America's capabilities to process minerals critical to national defense is essential for our long-term mineral independence and resilience. We are proud to play our part in furthering the Army's \"ground-to-round\" critical minerals strategy.\"\n \n\n This award is part of a broader partnership between Perpetua Resources and the Department of Defense to secure domestic sources of critical minerals. In 2023, as part of the OTIA, Perpetua\n \n received an award\n \n worth up to\n \n $15.5 million\n ...