Perpetua Resources submits application to US EXIM for debt financing; shares up

ReutersMay 23, 2025 4:23 PM

Shares of mining company Perpetua Resources PPTA.O gain 4% to $13.73

Company says it has submitted a formal application to the U.S. Export-Import (EXIM) Bank, seeking debt financing of up to $2 billion to construct its Idaho antimony and gold Stibnite project

Application for $2 billion is higher than the up to $1.8 billion EXIM had offered in its letter of interest to PPTA last year

PPTA says higher application amount reflects rise in estimated number of job-years and basic engineering work completed in Q1

The U.S. Army Corps of Engineers on Monday gave the final federal permit for company's antimony and gold Stibnite project

Including session's moves, PPTA shares up 28.6% YTD

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