Wire flash
Perpetua Resources wins up to $40 million in U.S. Army funding to localize defense tungsten supply
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Mining company Perpetua Resources has been awarded funding of up to $40 million from the U.S. Army, according to a tradealpha report. The grant is intended to advance the localization of tungsten supply for U.S. national defense. The item does not specify the project location, timeline, production capacity, or any conditions attached to the funding. No company or government officials are quoted, and no further details on the tungsten supply chain or defense applications are provided.
Source report
Mining company Perpetua Resources has been awarded funding of up to $40 million from the U.S. Army to advance the localization of tungsten supply for U.S. national defense.
Source
domesticNeutral / independent