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NevGold Congratulates Perpetua Resources On US$2.9 Billion Loan for the Gold-Antimony Stibnite Project in Idaho; NevGold Rapidly Advancing its At-Surface Oxide, Antimony-Gold Limo Butte Project to Near-Term U.S. Production
Vancouver, British Columbia, May 22, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“ NevGold &#x...
About this update from Nevgold Corp
[{"type":"text","content":"NevGold Congratulates Perpetua Resources On US$2.9 Billion Loan for the Gold-Antimony Stibnite Project in Idaho; NevGold Rapidly Advancing its At-Surface Oxide, Antimony-Gold Limo Butte Project to Near-Term U.S. Production\nVancouver, British Columbia, May 22, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) congratulates Perpetua Resources Corp. (TSX:PPTA, NASDAQ:PPTA, “Perpetua”) on the approved US$2.9 billion senior secured project loan from the Export-Import Bank of the United States (“EXIM”) (see Perpetua Resources News Release from May 21, 2026) under the “Make More in America Initiative”. The loan supports the development of the Stibnite gold‑antimony project in Idaho and represents a major commitment by the U.S. Government to rebuilding a secure domestic antimony supply chain.Perpetua’s Stibnite Project is currently the only large-scale, domestic resource of the Critical Mineral antimony. NevGold is rapidly advancing its maiden antimony-gold Mineral Resource Estimate (“MRE”) at the Limo Butte Project in Nevada, which is nearing completion. Additionally, the Company expects to benefit from the oxide-antimony material contained within the historically mined gold leach pads at surface, potentially providing a faster pathway toward near-term antimony production.Brandon Bonifacio, NevGold’s CEO comments: “Perpetua has played a foundational role in establishing the framework for a U.S. antimony supply chain, and we congratulate their team on this important milestone. The US$2.9 billion EXIM commitment underscores the strategic importance of antimony and the need for multiple domestic sources to close the large supply deficit in the United States. Even with Stibnite moving toward production, the antimony supply gap remains substantial now and into the future. Advanced U.S. antimony projects must co-exist to achieve true mineral independence and security for America.”Bonifacio continues: “NevGold is entering a pivotal period with the upcoming release of our maiden antimony‑gold MRE at Limo Butte. Several key attributes differentiate Limo Butte within the broader landscape of global antimony projects: Oxide antimony‑gold mineralizat...