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Perpetua Resources Announces Funding Agreement for Tungsten Exploration

Oct 27, 2026

BoiseMiningMineralMining Technology

Description

Perpetua Resources Idaho, Inc. has entered into an Ordnance Technology Initiative Agreement with the U.S. Army to fund a tungsten exploration project at the Stibnite Mining District. The total estimated cost of the initiative is approximately $85 million, with a joint investment of $40 million from the U.S

Company Information

Company

Perpetua Resources

Location

Boise, Idaho, United States

About

Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony trisulfide from Stibnite is the only known domestic source of antimony that can meet U.S. defense needs for many small arms, munitions, and missile types.