Perpetua Resources Awarded Up to $40 Million in US Army Tungsten Funding

06:03 PM EDT, 10/26/2026 (MT Newswires) -- Perpetua Resources (PPTA) said late Monday it was awarded up to $40 million in US Army funding over 36 months to assess the feasibility of producing tungsten concentrate at the historical Stibnite Mining District in Idaho. Perpetua and the US government will share the program's costs, with funding supporting drilling to define a potential tungsten mineral resource, laboratory and bench-scale metallurgical testing, and permitting and engineering of an exploration decline to access areas of known tungsten mineralization, according to the company.