Perpetua Resources Awarded Up to $40 Million in U.S. Army Funding to Advance Domestic Tungsten Supply for American Defense

Impact · against what's priced in

Perpetua Resources gains a strategic catalyst through $40 million in U.S. Army funding, significantly lowering the capital risk of expanding into tungsten. While the required $9 million cash match creates a minor near-term liquidity drag, the expansion of the government partnership strengthens the project's viability as a domestic defense asset.

PPTA+0.60

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