Department Of Defense Funding Awarded To Study Antimony From Stibnite Gold Project

BOISE, ID - Perpetua Resources Corp. was awarded two funding grants from the U.S. Department of Defense (DOD) Defense Logistics Agency (DLA) to study the domestic production of military-grade antimony trisulfide, an essential component in ammunition and dozens of other defense materials. Perpetua will receive $200,000 in total to evaluate whether antimony from the Stibnite Gold Project can meet military specifications ("Mil-Spec") to help secure America's defense and commercial ammunition supply chain while also evaluating alternate methods for purifying antimony trisulfide.

"Antimony from the Stibnite Gold Project site served our national defense needs during World War II (WWII) and Perpetua is confident we can be part of the solution again," said Laurel Sayer, President and CEO. "We are grateful for this opportunity to work with the Department of Defense to demonstrate that our Project can develop reliable and domestically sourced antimony trisulfide for defense and commercial ammunition. It would be a great honor to support the independence of our country's defense supply chains and the brave men and women who serve our country.”