Perpetua Resources Receives Preliminary Project Letter and Indicative Term Sheet from the Export-Import Bank of the United States on Potential $2 Billion Debt Financing

Core Insights - Perpetua Resources Corp. has received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States (EXIM) for $2 billion in debt financing for the Stibnite Gold Project [1][2] - The company is working with EXIM to advance the project through the due diligence and loan application process, with final consideration expected by spring 2026 [2] - The Stibnite Gold Project is one of the highest-grade open pit gold deposits in the U.S. and aims to restore an abandoned mine site while producing gold and antimony, which is critical for U.S. defense needs [4] Financing and Project Development - The preliminary indicative term sheet includes a summary of EXIM's initial due diligence findings, and the company is focused on finalizing a potential royalty or stream arrangement [2][3] - Following a successful equity offering earlier in 2025, the company plans to commence early works construction in fall 2025 while advancing the EXIM debt financing [3] - The company received its final federal permit for the Stibnite Gold Project in Q2 2025 after eight years of interagency coordination [3] Project Significance - The Stibnite Gold Project is positioned to meet U.S. defense needs for antimony, as it is the only known domestic source that can fulfill these requirements [4] - The project is expected to create over 550 direct jobs in Idaho during its operational phase, highlighting its importance to local employment and the economy [9]