Perpetua Resources (Nasdaq: PPTA) (TSX: PPTA) has received a new 36-month, $40 million award through the U.S. Army’s Defense Ordnance Technology Consortium (DOTC) from the Portfolio Acquisition Executive Agile Sustainment & Ammunition (PAE AS&A) in Picatinny Arsenal, New Jersey. The award, the company said, will fund a program to evaluate the technical and economic feasibility of producing tungsten concentrate at its project in the historical Stibnite mining district in Idaho. Structured as a cost-share program between Perpetua and the U.S.
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