Perpetua Resources receives $40 million in U.S. Army funding for tungsten exploration
The grant supports drilling and testing at Idaho's Stibnite site to advance domestic critical mineral supply chains for defense applications.
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Mining development and environmental restoration company
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In short: Perpetua Resources secured $2.9 billion EXIM financing, final permits, and advanced Stibnite construction.
The grant supports drilling and testing at Idaho's Stibnite site to advance domestic critical mineral supply chains for defense applications.
Autoclave fabrication and workforce housing progress alongside intensifying drilling. The firm also reports a federal court reaffirmation of approvals and new military supply partnerships.
The company reported a $97.5 million net loss but secured a $2.9 billion EXIM loan approval, achieving key milestones toward the Stibnite gold project's construction decision.
The pilot plant will demonstrate processing of antimony trisulfide for military and industrial uses, aiming to reduce reliance on foreign sources and strengthen supply chain.
The award will fund a program to evaluate the technical and economic feasibility of producing tungsten concentrate at its project in the historical Stibnite mining...
Perpetua Resources (NASDAQ:PPTA) said its Stibnite Gold Project in Idaho has moved beyond permitting and into construction, supported by federal approvals, early works activity and...
The Aug. 18 ruling dismissed challenges under several federal laws and upheld findings that the $1.3-billion (C$1.8-billion) Stibnite project would not jeopardize protected species. An...
A federal district court ruled recently that the Stibnite Gold Project - a key source of domestic antimony - could proceed despite activist opposition.
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