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Perpetua Resources Submits Formal Application to Export-Import Bank of the United States to Finance the Stibnite Gold Project
Perpetua Resources Submits Formal Application to Export-Import Bank of the United States to Finan...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n\n\n\n Perpetua Resources Submits Formal Application to Export-Import Bank of the United States to Finance the Stibnite Gold Project\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Submission follows receipt of final federal permit.\n \n\n\n\n Application submitted for up to\n \n $2 billion\n \n , an increase from the\n \n $1.8\n \n\n\n billion Letter of Interest, reflecting a higher estimated\n \n\n number of\n \n\n job-years.\n \n\n\n\n If approved, EXIM debt financing could fund a majority of the Project's development costs to become the only domestically mined\n \n\n source of\n \n\n antimony.\n \n\n\n\n\n BOISE, Idaho\n \n\n ,\n \n\n May 23, 2025\n \n\n /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or \"Perpetua\" or the \"Company\") announced that it submitted its formal application to the Export-Import Bank of\n \n the United States\n \n (\"EXIM\") for potential debt financing of up to\n \n $2\n \n\n\n billion to construct the Stibnite Gold Project (the \"Project\"). Upon receipt of Perpetua's application, EXIM is expected to conduct its standard due diligence consistent with EXIM's policies and legal requirements, and to review the Project's eligibility under the relevant initiatives.\n \n\n Perpetua's formal application follows extensive ongoing engagement with EXIM's underwriting team and receipt of the final federal permit for the Project. EXIM extended a non-binding Letter of Interest (\"LOI\") to Perpetua in\n \n April 2024\n \n for potential debt financing up to\n \n $1.8 billion\n \n through EXIM's \"Make More in America\" (\"MMIA\") initiative and \"\n \n China\n \n and Transformational Exports Program\" (\"CTEP\"). The increase in the application amount to\n \n $2 billion\n \n from the\n \n $1.8\n \n\n\n billion LOI reflects the increase in the estimated number of job-years indicated by the financial update and basic engineering work completed in the first quarter of 2025. The application comes on the heels of the recent\n \n Executive Order\n \n a...