Perpetua Resources secures $2.9B financing for Stibnite Gold Project
The Export-Import Bank backing aims to boost domestic critical mineral production and create American jobs.
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Mining company for antimony and gold
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In short: Perpetua Resources secured a $2.9 billion EXIM loan and broke ground on its Stibnite Gold Project to establish a domestic antimony supply chain.
The Export-Import Bank backing aims to boost domestic critical mineral production and create American jobs.
The company began Burntlog Route and other critical-path work after a court denied a preliminary injunction, targeting 2029 production and delivering antimony for U.S. defense.
The funding will support the Stibnite Gold Project in Idaho.
The loan funds construction of the Stibnite Gold Project, supports domestic antimony supply, and is expected to fully fund capital costs while creating hundreds of jobs in rural Idaho.
A federal district court ruled recently that the Stibnite Gold Project - a key source of domestic antimony - could proceed despite activist opposition.
Idaho DEQ approved a cyanidation permit modification for Perpetua Resources' Stibnite Gold Project in Valley County, advancing the proposed mine near Yellow Pine.
Construction of a federally backed mine is moving forward in Idaho's Payette National Forest after a federal district court last week rejected environmental groups' request...
Perpetua Resources Loan - market correction risks, volatility spikes, and downside pressure. Perpetua Resources has obtained a $2.9 billion loan from the U.S. Export-Import Bank...
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