EXIM Bank Unanimously Approves $2.9 Billion Loan for Stibnite Gold Project

summarizeSummary

Perpetua Resources announced the unanimous approval of a $2.9 billion long-term loan from EXIM Bank to fund its Stibnite Gold Project, a critical financing milestone.

check_boxKey Events

• Major Project Financing Secured

  The Export-Import Bank of the United States (EXIM) board unanimously approved a $2.9 billion senior secured long-term loan for the Stibnite Gold Project.

• Significant Capital Injection

  The $2.9 billion loan represents a substantial capital infusion, significantly de-risking the development of the company's flagship project.

• Favorable Loan Terms

  The 13-year senior secured credit facility will have interest set at the long-dated U.S. Treasury bond rate plus 100 basis points, with repayments starting in 2030.

• Confirms Prior Anticipation

  This approval finalizes a key financing milestone that was previously anticipated in the company's May 11, 2026 10-Q filing.

auto_awesomeAnalysis

The Export-Import Bank of the United States (EXIM) board's unanimous approval of a $2.9 billion senior secured loan is a monumental step for Perpetua Resources. This financing, which was anticipated following the recent 10-Q filing, significantly de-risks the development of the company's flagship Stibnite Gold Project. The loan amount is substantial relative to the company's market capitalization, providing critical long-term capital under favorable terms and removing a major funding uncertainty for the project's construction.