Perpetua Resources receives additional funding for Stibnite project from US Army Corps
The Pentagon-backed mine, which would be the country's first antimony project, has an estimated reserve of 148 million pounds of the metal used in bullets and tanks, as well as in alloys for electric-vehicle batteries.
China, responsible for nearly 60% of globally mined antimony in 2024, banned exports of the metal to the United States in December last year, prompting efforts to increase production within the U.S.
This supplemental award will allow Perpetua to expand the research and support the U.S. Army's objective of establishing a fully domestic "ground-to-round" antimony trisulfide supply chain.
"Advancing America's capabilities to process minerals critical to national defense is essential for our long-term mineral independence and resilience," said CEO Jon Cherry.
The company said that with the receipt of this additional funding, its total awards from the Department of Defense exceed $80 million, including the $15.5 million received under an Ordnance Technology Initiative Agreement in August 2023.
Last week, the company received the final federal permit, the Clean Water Act Section 404, from the U.S. Army Corps for the project.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Telegraph
26 minutes ago
- Telegraph
Melania Trump threatens to sue Hunter Biden for $1bn over Epstein comments
Melania Trump has threatened to sue Hunter Biden for $1 billion unless he retracts claims about the First Lady's alleged connections to Jeffrey Epstein, according to a report. Lawyers for Mrs Trump sent Mr Biden a letter accusing the former president's son of making 'false, defamatory, disparaging, and inflammatory statements' about her, Fox News reported. The letter is said to have demanded Mr Biden immediately remove the comments and issue an apology or face legal action. The letter, sent on August 6 by the First Lady's attorney, Alejandro Brito, to Mr Biden's lawyer, Abbe Lowell, referred to comments the former president's son made in an interview. Speaking to Channel 5 with Andrew Callaghan, Mr Biden claimed that the paedophile financier introduced Mrs Trump to her future husband. The former president's son, who has done a string of recent interviews speaking about his father's legacy and his own struggles with drug addiction, said it was 'beyond a doubt' that Mr Trump and Epstein were 'very close friends'. 'They spent an enormous time together. According to [Trump's] biographer, Jeffrey Epstein introduced Melania,' Mr Biden said. 'That's first lady and the president met. Yeah, according to Michael Wolff.' Mr Wolff, an author who was given extraordinary access to the White House during Mr Trump's first term, has written four books about the president. He made the claims about the First Lady's links to the disgraced financier in an episode of The Daily Beast podcast that aired on July 26. The news outlet also published an article on Mr Wolff's claim, but retracted it and issued an apology after Melania Trump's attorney contacted the publication. 'The Beast received a letter from First Lady Melania Trump's attorney challenging the headline and framing of the article. After reviewing the matter, the Beast has taken down the article and apologises for any confusion or misunderstanding,' the publication wrote. Mrs Trump's letter accused Mr Biden of further disseminating the claims made by Mr Wolff and causing the First Lady to suffer 'overwhelming financial and reputational harm' as a result. 'These false, disparaging, defamatory, and inflammatory statements are extremely salacious and have been widely disseminated throughout various digital mediums,' the letter read. It also claimed the timing of Mr Biden's comments was malicious. It comes as the Trump administration has come under intense scrutiny for its failure to release the Epstein Files. The president is facing intense scrutiny about his personal connections to Epstein after the FBI and Department of Justice concluded last month that the wealthy sex offender died by suicide and did not possess a 'client list'. The ruling contradicted a conspiracy theory widely maintained amongst Maga supporters that Epstein was murdered by powerful associates to cover up for their crimes. 'The timing of this video is evident and underscores the actual malice behind the decision to publish it given the plain falsity of the statements,' the letter read. It demanded that Mr Biden 'immediately issue a full and fair retraction of the video' and 'immediately issue an apology for the false, defamatory, disparaging, misleading, and inflammatory statements about Mrs Trump'. Mr Biden was given until 5pm on August 7 to comply with the letter. A source close to the matter told Fox News that he failed to meet the deadline.
Reuters
26 minutes ago
- Reuters
India's Muthoot Finance surges 10% to all-time high after upbeat results
Aug 14 (Reuters) - Shares of India's Muthoot Finance ( opens new tab jumped 10% to their all-time high on Thursday after the gold lender's quarterly results topped estimates. Muthoot's shares looked set to gain the most since June 2020, and were last up at a record 2,760.80 rupees. On Wednesday, it reported a bigger-than-expected 90% surge in first-quarter profit, aided by higher loan demand as prices of the precious metal soared.
Reuters
an hour ago
- Reuters
Failed Republican candidate jailed for 80 years over gun attacks on Democrats' homes
Aug 13 (Reuters) - A failed Republican candidate in New Mexico was jailed for 80 years on Wednesday for contracting gunmen to carry out drive-by shootings on the homes of Democratic officials after his 2022 election defeat. Solomon Pena orchestrated the attacks in Albuquerque, New Mexico's largest city, weeks after losing his bid for a state house seat. He was driven by conspiracy theories he had been a victim of election fraud, federal prosecutors said. Pena was convicted of 13 felony charges earlier this year for attacks on four officials in December 2022 and January 2023, including the current state house speaker. No one was hurt in the shootings, which followed other politically motivated violence such as the hammer attack on the husband of U.S. Representative Nancy Pelosi. "Violence and intimidation have no place in our elections," U.S. Attorney for New Mexico Ryan Ellison said in a statement following the sentencing. Pena's lawyer Nicholas Hart said his client would appeal the conviction. Two men who said they were hired by Pena for the attacks pleaded guilty in 2024. After he failed to be elected, Pena pressured members of the Bernalillo County Board of Commissioners not to certify the results. When they refused, Pena recruited Jose Trujillo and Demetrio Trujillo to carry out the shootings, prosecutors said. False and unfounded claims of election fraud exploded after President Donald Trump refused to accept defeat in the 2020 U.S. presidential election.
