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StocksMedium•31 March 2026•

1 min read

U.S. EXIM Bank Advances $2.7 Billion Loan for Perpetua Resources Gold Project

Key Facts

1The U.S. EXIM Bank board unanimously agreed to notify Congress of a proposed $2.7 billion loan for Perpetua Resources' Stibnite Gold Project.

2The loan consists of a $2.2 billion direct loan and the remainder for capitalized interest and fees, covering the project's capital costs.

3Updated project economics show a net present value (NPV) of $3.5 billion at a gold price of $3,250/oz.

The U.S. Export-Import Bank (EXIM) board has unanimously approved a notification to Congress regarding a proposed $2.7 billion loan for Perpetua Resources' Stibnite Gold Project. This financing package includes a $2.2 billion direct loan, with the remaining balance covering capitalized interest and fees to fully fund the project's capital requirements. The project is strategically significant as it aims to secure domestic supplies of antimony, a critical mineral for the defense and energy sectors, alongside gold production. Updated economic data for the project indicates a net present value (NPV) of $3.5 billion, based on a gold price of $3,250 per ounce. This move represents a major de-risking milestone for Perpetua Resources, validating the project's financial and strategic viability. Final approval of the loan remains subject to the completion of the mandatory Congressional notification period.

Sources:

prnewswire.com