Tungsten

The U.S. Army awarded Perpetua Resources up to $40 million over 36 months to assess and advance tungsten production at the Stibnite project in Idaho, subject to matching funds. Only the first 18-month phase—about $18 million shared equally by the Army and the company—is committed; subsequent phases require technical progress and separate funding approvals.

The U.S. Army has signed a cost-share agreement with Perpetua Resources Idaho for a 36-month assessment of tungsten production at Idaho’s Stibnite Mining District. Only the first 18 months, estimated at $18 million, are committed; later phases require approval, making this a staged development effort rather than a production award or open solicitation.

The Elmet Group has announced a significant $450 million investment from the Department of War to boost U.S. tungsten manufacturing. This expansion, coupled with a $2 billion IDIQ contract from the Defense Logistics Agency, highlights emerging procurement opportunities in domestic tungsten sourcing and processing for suppliers over the forthcoming years.