Perpetua Says Conditionally Awarded Up To $34.6M In Additional Funding Under Existing Technology Investment Agreement Through Title III Of The Defense Production Act
Portfolio Pulse from Benzinga Newsdesk
Perpetua has been conditionally awarded up to $34.6 million in additional funding under its existing Technology Investment Agreement through Title III of the Defense Production Act. This funding aims to enhance Perpetua's capabilities and contribute to its growth.
February 12, 2024 | 12:15 pm
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Perpetua's conditional award of up to $34.6 million in additional funding under the Defense Production Act is expected to significantly enhance its technological capabilities and support its growth trajectory.
The additional funding under the Defense Production Act is a significant development for Perpetua, indicating strong government support and confidence in the company's technology and growth potential. This financial backing is likely to positively impact investor sentiment and could lead to an increase in stock price in the short term, reflecting the anticipated enhancements in the company's capabilities and its contribution to strategic sectors.
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