Perpetua Resources Secures $40 Million Award from US Army for Tungsten Program

06:56 AM EDT, 10/27/2026 (MT Newswires) -- Perpetua Resources (PPTA.TO) has been awarded $40 million to fund a program to advance tungsten supply in the US, the company said Monday. The 36-month award through the US Army's Defense Ordnance Technology Consortium allows for the evaluation of technical and economic feasibility of tungsten concentrate production at the Stibnite Mining District in Idaho. The funding is structured as a cost-share program between Perpetua and the US government.