Stibnite News & Analysis

Perpetua Resources (PPTA) Secures $2.9 Billion Loan for Mining Project

Perpetua Resources (PPTA) has secured a $2.9 billion loan from the U.S. Export-Import Bank to fund its Stibnite Gold Project in Idaho, which aims to produce gold and antimony. This loan is the largest under EXIM's 'Make More in America' initiative and the fourth largest in the agency's history. The project is expected to meet about 35% of U.S. antimony demand within six years of production, essential for defense and renewable energy applications. Following the announcement, Perpetua shares increased by over 12%.