Perpetua receives preliminary EXIM term sheet for $2bn Stibnite financing
Nasdaq- and TSX-listed Perpetua Resources has received a preliminary, non-binding indicative term sheet from the Export-Import Bank of the United States (EXIM) as part of a preliminary project letter (PPL) for potential $2-billion debt financing for its Stibnite gold project in Idaho.
The PPL provides a summary of EXIM’s initial due diligence findings on the project to date. Perpetua said it would continue to work with EXIM to advance the project through subsequent stages of the bank’s review and loan application process, with final consideration by the EXIM board expected in spring 2026.
“Perpetua Resources received its final federal permit for the Stibnite gold project in the second quarter of 2025, after eight years of rigorous interagency coordination and review,” said president and CEO Jon Cherry.
“Following the successful equity offering earlier this year, Perpetua is focused on finalising a potential royalty or stream arrangement with financial assurance guarantees, commencing early works construction in the fall of 2025 while advancing the EXIM debt financing.”
The Stibnite project, which received its federal permit earlier this year, represents one of the largest permitted gold development projects in the US. Perpetua has highlighted the combination of permitting completion, project financing options and early works preparation as key steps toward construction and production.
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