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DoD Issues $24.8M Critical Minerals Award to Perpetua Resources

WASHINGTON, 20 December 2022, (TON): The Office of the Assistant Secretary for Industrial Base Policy, through its Defense Production Act Investments Program and the Air Force Executive Agent, issued its first critical minerals award using Ukraine Supplemental Appropriations funds to Perpetua Resources Idaho, Inc. to secure an American source of critical minerals for missiles and munitions.

The DPA Investments Program will provide $24.8 million to Perpetua to complete environmental and engineering studies necessary to obtain a Final Environmental Impact Statement, a Final Record of Decision, and other ancillary permits.

Perpetua will perform this study work related to its Stibnite-Gold Project in central Idaho through 2024.

This investment is essential to ensure the timely development of a domestic source of antimony trisulfide for the manufacture of small arms and medium caliber cartridges, as well as many other missile and munition items.

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