The DPA funding allows the company to advance the construction readiness of the Stibnite project while the company continues through the ongoing permitting process.
A PwC Australia report says that increasing the in-country production of silicon is the first step for Australia to develop its own capability and capacity in the solar cell supply chain.
The funds will provide capital for what the company is calling the "most significant" exploration program ever initiated on its projects in northern Canada.
This month, Perpetua’s modified mine plan was identified as the preferred alternative due to improvements in water quality and temperature and site access benefits.