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Perpetua Resources secures up to $40 million in U.S. Army funding for Stibnite tungsten exploration

By Public Technologies
  • Perpetua Resources secured up to $40 million in U.S. Army funding for a 36-month tungsten exploration program at Stibnite, Idaho.
  • The company will match the Army’s contribution; the initial 18-month phase will cost approximately $18 million, split equally.
  • Funding supports drilling, metallurgical testing and exploration decline planning to assess tungsten concentrate production at Hangar Flats.
  • The proposed decline could access mineralization containing approximately 1.37 million ounces of gold and over 95 million pounds of antimony outside reserves.
  • Subsequent funding phases require approval based on exploration, testing, engineering and permitting results.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perpetua Resources Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202610261745CANADANWCANADAPR_C6425) on October 26, 2026, and is solely responsible for the information contained therein.

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