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Perpetua Resources (TSX: PPTA) Secures Additional $6.9M U.S. Army Funding for Antimony Pilot Plant Expansion
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Highlights
Perpetua Resources (Nasdaq: PPTA, TSX: PPTA) announced it has received an additional award of up to $6.9 million from the U.S. Army via the Defense Ordnance Technology Consortium (DOTC). This new funding supplements the $15.5 million previously awarded in August 2023 under the Ordnance Technology Initiative Agreement (OTIA), bringing total potential funding to $22.4 million.
The funds will support expanded testing and development of a modular pilot plant designed to process antimony trisulfide from material sourced at Perpetua’s Stibnite Gold Project in Idaho. The material is intended to meet U.S. military specifications for use in over 300 types of munitions and advanced defense systems.
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