other material
confidence high
sentiment positive
materiality 0.60
Perpetua awarded up to $15.5M DoD OTIA for domestic antimony trisulfide supply chain
PERPETUA RESOURCES CORP.
- Perpetua Resources subsidiary awarded up to $15.5 million Ordnance Technology Initiative Agreement from DoD.
- Funding to demonstrate full domestic antimony trisulfide supply chain using Stibnite Gold Project ore for munitions.
- Activities include core sampling, pilot plant study for mil-spec antimony trisulfide, and modular pilot plant delivery.
- Reimbursement on cost-plus fixed fee basis over 24 months; amount subject to DoD adjustment based on scope.
- OTIA supports Perpetua's goal of domestic critical mineral production; company entitled to reimbursement for all costs.