Perpetua Resources Receives $24.8M in DoD Funding for Stibnite Gold Project
Anna Davis07/26/2023
Contract Award Defense
Perpetua Resources Corp. has definitized its Technology Investment Agreement (TIA) with the U.S. Department of Defense for up to $24.8 million under Title III of the Defense Production Act (DPA) . The TIA, issued by the Air Force Research Laboratory, is designed to support construction readiness activities and environmental studies for the Stibnite Gold Project in Boise, Idaho.
The funding will allow Perpetua Resources to 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 construction readiness and permitting process for the Stibnite Gold Project. This will not interrupt the ongoing National Environmental Policy Act (NEPA) review process.
"Our vision remains unchanged, which is to redevelop a world class gold deposit, provide the country with the critical mineral antimony, and restore an abandoned brownfield site," said Laurel Sayer, President and CEO of Perpetua Resources. "We continue to build momentum towards turning our vision into a reality."
Contracts will become available on HigherGov within 30 to 90 days once the contract is formally awarded by the government.
Additional information is available here.