Perpetua Resources awarded up to $24.8M Defense Production Act grant for Stibnite Gold Project

PERPETUA RESOURCES CORP.

Receives $24.8M Technology Investment Agreement from DoD/Air Force Research Laboratory under Title III of the Defense Production Act.
Funding covers environmental/engineering studies over 24 months to obtain Final EIS and Record of Decision for Stibnite Gold Project.
Stibnite Gold Project would be only domestic mined source of antimony trisulfide, essential for munitions and national defense.
Perpetua expects current cash plus full DPA agreement to provide sufficient liquidity through permitting and early restoration.
Separate from September 2022 SBIR Phase 1 award; additional DPA awards possible but not assured.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PERPETUA RESOURCES CORP. entered into Technology Investment Agreement with United States Department of Defense, Air Force Research Laboratory valued at up to $24,800,000 (effective 2022-12-16).

Action: entry
Agreement: collaboration
Counterparty: United States Department of Defense, Air Force Research Laboratory
Value: up to $24,800,000
Effective: 2022-12-16

Exact text from the filing

Effective December 16, 2022, Perpetua Resources Idaho, Inc. ("Perpetua"), a wholly owned subsidiary of Perpetua Resources Corp. (the "Company"), entered into an undefinitized Technology Investment Agreement ("TIA") with the United States Department of Defense, Air Force Research Laboratory ("DOD") for an award of up to $24,800,000 under Title III of the Defense Production Act ("DPA").

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Source: SEC EDGAR

accession 0001104659-22-128035

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