Perpetua Resources receives conditional $34.6M additional DOD funding for Stibnite Gold Project

PERPETUA RESOURCES CORP.

Original TIA definitized July 2023 for $24.8M; conditional award of up to $34.6M announced Feb 12, 2024.
Additional funding requires modification to expand scope and extend deadline to June 30, 2025.
Modification expected in Q1 2024; funds advance permits and construction readiness for antimony production.
TIA supports domestic antimony trisulfide capability for defense energetic materials.
Full funding subject to negotiation of in-scope work and final fund availability.

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 $24,812,062 (effective 2023-07-25).

Action: entry
Counterparty: United States Department of Defense, Air Force Research Laboratory
Value: $24,812,062
Effective: 2023-07-25

Exact text from the filing

Effective July 25, 2023, Perpetua Resources Idaho, Inc. (“Perpetua”), a wholly owned subsidiary of Perpetua Resources Corp. (the “Company”), definitized a Technology Investment Agreement (“TIA”) with the United States Department of Defense, Air Force Research Laboratory (“DOD”) for an award of $24,812,062 under Title III of the Defense Production Act (“DPA”).

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PERPETUA RESOURCES CORP. filing history →

Source: SEC EDGAR

accession 0001104659-24-013666

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