Perpetua Resources is trading at $17.33, up 4.40%, following a $40 million U.S. Army award to assess tungsten production at the Stibnite Mining District.
- The work includes drilling, metallurgical testing, and engineering. The initial 18-month phase is expected to cost about $18 million, shared equally by the company and Army.
- A report said shares rose 1.1% pre-market after the award announcement.
- Broader indexes were mixed; no trading-volume figure was available in the supplied price context.