Stibnite Gold Project Testing For Possibility To Provide Critical Components

BOISE, ID - Perpetua Resources Corp. has been awarded up to $6.9 million in additional funding from the U.S. Army via the Defense Ordnance Technology Consortium (DOTC). The funding builds on the $15.5 million awarded to the Company by DOTC under an Ordnance Technology Initiative Agreement (OTIA) in August 2023. The funds are being applied to testing intended to demonstrate the feasibility of using material sourced from Perpetua's Stibnite Gold 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.

"We are honored to continue our work with the U.S. Army to secure a domestic source of antimony trisulfide," said Jon Cherry, President and CEO. "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."