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that its wholly owned subsidiary, Perpetua Resources Idaho, was conditionally awarded up to $34.6 million in additional funding from the US Department of Defense under the existing Technology Investment Agreement through Title III of the Defense Production Act , bringing total DPA funding to $59.4 million.
Site visit: Perpetua Resources’ Stibnite gold project in Idaho named preferred alternative – US Forest Service The average annual metal production during the first four years of operation is expected to be approximately 463,000 troy ounces of gold and 18.4 million pounds of antimony per year. Under the modified TIA, Perpetua may request reimbursement for certain costs incurred through June 30, 2025 related to environmental baseline data monitoring, environmental and technical studies and other activities related to advancing Perpetua’s construction readiness and permitting process for the project. The DPA funding does not interrupt the ongoing NEPA review.
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