Perpetua Resources (PPTA) has entered an agreement with the Idaho National Laboratory, or INL, via Battelle Energy Alliance, for the INL to host, commission, and operate a flexible, modular pilot processing plant expected to be capable of recovering various critical and defense-related minerals, including antimony from the company’s ores. This initiative is intended to demonstrate the feasibility of producing high-quality, military specification antimony trisulfide using material from Perpetua’s Stibnite Gold Project. Locating the pilot plant at INL leverages the lab’s critical and strategic materials and defense programs. Once installed, the pilot plant will receive samples of material from the Stibnite Gold Project and operators will conduct pilot-scale testing to produce antimony trisulfide concentrate needed for munitions and advanced systems used by U.S. military personnel. The Stibnite Gold Project is the only identified reserve of antimony in America. The company expects to supply up to 35% of U.S. antimony demand during its first six years of operations while meeting long-term Department of War antimony needs.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PPTA:
- Perpetua Resources Appoints New Senior VP Projects
- Perpetua Resources Unveils Stibnite Gold Project Plans
- Buy Rating Affirmed for Perpetua Resources Amid Strategic Financial Moves and Stibnite Project Advancements
- Perpetua Resources options imply 5.9% move in share price post-earnings
- Perpetua Resources Advances Stibnite Gold Project with Strategic Investments
