The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Perpetua Resources receives Stibnite Gold Mine debt financing letter of interest from the Export-Import Bank of the United States. The Export-Import Bank of the United States (EXIM) has extended an offer to loan Perpetua Resources Corp. $1.8 billion to fund the development of a mine at Stibnite Gold, which would round out an all-of-government effort to establish the historic project in Idaho as a future domestic source of antimony critical to America's economic and national... Full story
Pentagon awards Doe Run $7 million to help scale up a cobalt and nickel processing plant in The Show-Me State. As part of a larger objective to ensure the United States has reliable domestic supplies of the minerals and metals critical to the nation's economy and security, the U.S. Department of Defense has awarded The Doe Run Resources Corp. $7 million to complete a demonstration-scale hydrometallurgical plant for separation of cobalt and nickel at their facility in...
Pentagon agrees to invest an additional $34.6 million to establish a domestic source of metalloid critical to military and civilians. To help break America's reliance on China and Russia for the antimony needed for military hardware and munitions, the U.S. Department of Defense has conditionally agreed to invest up to an additional $34.6 million into Perpetua Resources Corp.'s Stibnite gold-antimony mine in Idaho. "This latest award from the Department of Defense brings us a...
Reshoring mineral supply chains lost to globalization is a key part of DOD National Defense Industrial Strategy The urgency to onshore critical mineral supply chains in the United States has begun to shift away from a need to secure reliable sources of the minerals and metals needed to support the nation's economy and clean energy ambitions toward the need for these same mined commodities to defend American ideals and interests at home and abroad. "Establishing a fully... Full story
Awards Perpetua additional $15M to help establish a mine-to-munition antimony supply chain that begins at Stibnite Gold project in Idaho. As part of its commitment to establishing domestic supplies of the minerals and metals critical to America's economy and security, the U.S. Department of Defense is investing another $15.5 million to help establish an antinomy supply chain that begins at Perpetua Resources Corp.'s Stibnite Gold project in Idaho. Used in a wide range of...
Perpetua receives two DOD grants to study military-grade antimony from Stibnite, ID Geopolitical tensions with China and Russia's war with Ukraine has the Pentagon concerned about securing domestic supplies of antimony, a metal-like element that is critical to military hardware and emerging renewable energy storage technologies. To investigate the potential of securing this supply from an Idaho antimony mine that was attributed to saving 1 million American soldiers during... Full story
In a move to break America's dependence on China and Russia for the antimony needed for ammunition, fireproofing compounds, night vision goggles, and other military hardware, the Pentagon is providing $24.8 million to help reestablish a domestic antimony mine at Perpetua Resources Corp.'s Stibnite Gold project in Idaho. While originally established as a gold mine, Stibnite shifted its focus to strategic metals to support the U.S. military during World War II. From 1941 to 1945... Full story
Russia and China's control of global supplies worry DC lawmakers From its uses in flame retardants that have saved countless American lives to being an important ingredient in batteries poised to be the answer to the challenge of storing intermittent renewable energy, few metals are more critical to the national security and economic wellbeing of the United States than antimony. Described as a metalloid, which means it falls somewhere between metals such as zinc and solid... Full story
The supply chain repercussions of Russia's war with Ukraine have policymakers in Washington, DC concerned about securing supplies of antimony, which is critical to renewable energy storage technologies and national defense. Antimony is a metalloid, which means it falls between metals such as zinc and solid nonmetals like sulfur, with some interesting properties that make it a strategic material for the U.S. military. "Antimony is a key ingredient in communication equipment,... Full story
Idaho-focused mining company Perpetua Resources Corp. and Ambri Inc., a battery technology company born from research at the Massachusetts Institute of Technology, have forged a partnership that will help advance the antimony-based liquid-metal battery technology that can provide the large-scale energy storage needed to decarbonize electrical grids in the United States and around the world. "This agreement is a meaningful step in support of the current administration's goal...
Ambri Inc., which is advancing antimony-based liquid-metal battery technology developed at the Massachusetts Institute of Technology, has secured a $144 million financing to commercialize and grow its daily cycling, long-duration battery technology, and to build a domestic manufacturing facility. This latest round of financing announced by the company on Aug. 9 was led by strategic investors Reliance New Energy Solar Ltd, a wholly-owned subsidiary of Reliance Industries Ltd.,...
While hailing President Joe Biden's use of the Defense Production Act to bolster domestic supplies of battery minerals and materials as a win for rebuilding United States supply chains, the bipartisan group of senators that urged this action say more needs to be done to curb America's heavy dependence on oft adversarial countries for the minerals and metals critical to the nation's security and economic wellbeing. "While I am heartened that President Biden is heeding our... Full story
An unsung war hero that saved countless American troops during World War II, an overlooked battery material that has played a pivotal role in storing electricity for more than 100 years, and a major ingredient in futuristic grid-scale energy storage, antimony is among the most important critical metalloids that most people have never heard of. While antimony may not be part of the common lexicon, humans have been using this semi-metal for more than 5,000 years. "For example,... Full story
