Perpetua Resources subsidiary definitzes $24.8M agreement under DPA

Perpetua Resources announced that its wholly owned subsidiary, Perpetua Resources Idaho, definitized its previously announced Technology Investment Agreement of up to $24.8M under Title III of the Defense Production Act, or DPA. The funding objective of the TIA, issued by the Air Force Research Laboratory, is to complete environmental and engineering studies necessary to obtain a Final Environmental Impact Statement, a Final Record of Decision, and other ancillary permits to sustain the domestic production of antimony trisulfide capability for defense energetic materials. Antimony trisulfide is essential to national defense as a key component for munitions yet there is no U.S. mined supply. Under the funding agreement, Perpetua may request reimbursement for certain costs incurred over 24 months related to environmental baseline data monitoring, environmental and technical studies and other activities related to advancing Perpetua’s construction readiness and permitting process for the Stibnite Gold Project. The DPA funding does not interrupt the ongoing National Environmental Policy Act review process.