debt
confidence high
sentiment positive
materiality 0.85
EXIM Bank approves $2.9B loan for Perpetua's Stibnite Gold Project
PERPETUA RESOURCES CORP.
- EXIM Board unanimously approved $2.9B senior secured loan under Make More in America Initiative to develop Stibnite Gold Project.
- Loan is 13-year, $2.9B total: $2.4B upfront facility plus capitalized interest and exposure fee.
- Interest at long-dated U.S. Treasury bond rate + 100 bps, fixed at first drawdown; scheduled repayments start 2030.
- Definitive documentation and closing expected in H2 2026, subject to customary conditions precedent.
- Loan amount increased from initial review to include option for certain equipment financing from third-party into EXIM loan.
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Selected #8 for 2026-05-21.
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