Perpetua Resources announces potential $1.8 billion debt financing

By Marisa Wong

Los Angeles, April 8 – Perpetua Resources Corp. announced that it received a letter of interest from the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $1.8 billion through EXIM’s “Make More in America” and “China and Transformational Exports Program” (CTEP) initiatives.

The potential debt financing would have a 15-year repayment tenor, according to a press release.

The funding would support the Stibnite Gold Project as an emerging national strategic asset for antimony production.

Perpetua expects to submit a formal application to EXIM in 2024. Upon receipt of an application for financing, EXIM will conduct the due diligence necessary to determine if a final commitment may be issued.

All final commitments must comply with EXIM policies as well as program, legal and eligibility requirements, including completion of the ongoing National Environmental Policy Act process which is expected to be completed by the end of the year.

Boise, Idaho-based Perpetua., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.