Perpetua to issue RFP re antimony processing

Executive Summary

• Perpetua Resources announced it will issue a Request for Proposal (RFP) to evaluate third‑party off‑site antimony processing facilities for its 148‑million‑pound commercial‑grade antimony reserve.
• The company holds a conditional notice to proceed from the U.S. Forest Service and has been awarded up to $22.4 million under a Defense Ordnance Technology Consortium (DOTC) agreement to secure mil‑spec antimony trisulphide for defense needs.
• Final RFP issuance is expected in the coming weeks with partner selection targeted for Q4 2025.

Key Details

• RFP Objective: Assess technical and economic feasibility of multiple emerging off‑site processing facilities; criteria include production capacity, capitalization, reliability, environmental record, creditworthiness, readiness, transport logistics, and ability to meet end‑user specifications.
• Antimony Reserve: 148 million pounds designated for commercial purposes within the Stibnite gold project – the only domestic antimony reserve in the United States.
• Defense Agreement: Up to $22.4 million awarded under a DOTC ordnance technology initiative agreement to secure domestic supply of mil‑spec antimony trisulphide for U.S. military applications.
• Potential Partners Discussed: Clarios, Glencore, Nyrstar, Sunshine Silver, Trafigura (among others).
• Timeline: RFP to be issued in the coming weeks; final processing partner selection anticipated in Q4 2025, subject to due‑diligence review.

Notable Quotes

“America needs a secure and robust supply of antimony,” said Jon Cherry, President and CEO. “We are encouraged by emerging opportunities to expand domestic mineral processing capacity in America and intend to make well‑informed, market‑based decisions when selecting a partner.”