Mentioned:
There’s a new pilot plant for antimony trisulfide production in Idaho. And the United States Army, Idaho National Laboratory and Perpetua Resources are behind it.
What’s happening:
- The United States Army, Idaho National Laboratory and Perpetua Resources (NASDAQ: PPTA) have officially launched a new modular pilot plant for antimony trisulfide located in Idaho Falls, Idaho
Why it matters:
- The new modular pilot plant will process roughly one tonne of ore per day to separate antimony and validate the processes required to produce military-grade antimony trisulfide for both military and industrial use
Going deeper:
- Perpetua Resources will provide the ore for the new modular pilot plant and Idaho National Laboratory will operate the plant through Battelle Energy Alliance
- JPMorgan Chase and Agnico Eagle (NYSE: AEM) both own a significant equity stake in Perpetua Resources after co-leading a $225M USD equity financing round to accelerate bringing their flagship Stibnite Gold Project in Idaho into full scale production
The intrigue:
- The United States Army previously awarded up to $6.9M USD in funding to Perpetua Resources through the Defense Ordnance Technology Consortium to test materials from their Stibnite Gold Project to validate their potential in being used for producing antimony trisulfide
