Perpetua Resources definitizes $24.8M Defense Production Act agreement for Stibnite antimony project

PERPETUA RESOURCES CORP.

Definitized Technology Investment Agreement with U.S. Air Force Research Laboratory for up to $24,812,062.
Funding supports environmental studies and construction readiness for Stibnite Gold Project (antimony trisulfide for defense).
Reimbursement for costs over 24 months; no change to material terms from December 2022 undefinitized agreement.
Stibnite would be only domestic mined source of antimony, critical for munitions.
NEPA review process continues uninterrupted.

Key facts

Extracted from this filing and checked against the source text.

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
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 0001104659-23-084027

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