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Perpetua Resources Welcomes Use of Defense Production Act for Battery Metals
Perpetua Resources Welcomes Use of Defense Production Act for Battery Metals Ca...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n \n \n \n Perpetua Resources Welcomes Use of Defense Production Act for Battery Metals\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 U.S. President Biden invokes the Defense Production Act to secure domestic critical minerals for large-capacity storage batteries.\n \n \n \n Through partnership agreement with Ambri, antimony from Perpetua Resources is poised to power American-based grid-scale energy storage battery.\n \n \n \n Perpetua Resources' Stibnite Gold Project would provide the only domestically mined source of the critical mineral antimony; currently\n \n China\n \n ,\n \n Russia\n \n and\n \n Tajikistan\n \n control 90% of the global antimony market.\n \n \n \n \n \n BOISE, Idaho\n \n \n ,\n \n \n April 4, 2022\n \n \n /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or \"Perpetua\" or the \"Company\") applauds that U.S. President Biden has deemed domestic mining of critical minerals for large-capacity storage batteries essential to America's national security and instructed the U.S. Department of Defense to secure the supply of battery metals through the authorities granted by the Defense Production Act (\"DPA\"). Perpetua Resources' proposed gold and antimony project in\n \n Idaho\n \n , the Stibnite Gold Project (\"Project\"), would provide the only domestically mined source of the critical mineral antimony which is essential for liquid metal, large-capacity battery technology.\n \n \n \n \n \n \n \n \n \n \"President Biden's actions underscore the need to swiftly and significantly increase domestic production of antimony and other critical minerals essential to securing our clean energy future,\" said\n \n Laurel Sayer\n \n , President and CEO of Perpetua Resources. \"Prioritizing responsible mineral development is a clear recognition that serious action is needed to address the vulnerabilities associated with energy and mineral dependence. A resilient and diversified energy grid will require the support of a wide variety of battery technologi...