Perpetua Resources Announces Funding Agreement for Tungsten Exploration
PUBLIC · PPTAOct 26, 2026
Amount Raised
$45 Million
Round Type
Funding Round
BoiseMiningMineralMining Technology
Investors
U.S. Army
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
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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.
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BoiseMiningMineralMining Technology