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Perpetua Resources Signs Definitized Agreement for Critical Minerals Award of $24.8 million under the Defense Production Act
Perpetua Resources Signs Definitized Agreement for Critical Minerals Award of $24.8 million under...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n \n \n \n Perpetua Resources Signs Definitized Agreement for Critical Minerals Award of $24.8 million under the Defense Production Act\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 Definitized Technology Investment Agreement between Perpetua Resources and U.S. Department of Defense establishes full not-to-exceed award amount of\n \n $24,812,062\n \n \n \n \n \n Defense Production Act Title III funding is designed to support construction readiness activities and environmental studies as the Stibnite Gold Project continues through the permitting process\n \n \n \n \n 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 July 26, 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\"), definitized its previously announced Technology Investment Agreement (\"TIA\") of up to\n \n $24.8 million\n \n under Title III of the Defense Production Act (\"DPA\"). The funding objective of the TIA, issued by the Air Force Research Laboratory, is to complete environmental and engineering studies necessary to obtain a Final Environmental Impact Statement, a Final Record of Decision, and other ancillary permits to sustain the domestic production of antimony trisulfide capability for defense energetic materials.\n \n \n Antimony trisulfide is essential to national defense as a key component for munitions yet there is no U.S. mined supply. Perpetua plans to re-establish a domestic supply of the critical mineral antimony as a by-product of one of the highest-grade open pit gold resources in\n \n the United States\n \n . The DPA funding allows the Company to advance the construction readiness of the Stibnite Gold Project while the Company continues through the ongoing permitting process, led by the United S...