Co. Secures US$2.9B EXIM Loan, Fully Funding Stibnite Gold-Antimony Mine
- •Hey everyone, Just read this article – "Co.
- •Secures US$2.9B EXIM Loan, Fully Funding Stibnite Gold-Antimony Mine" – and wow, this is pretty significant for Perpetua Resources (PPTA).
- •A $2.9 billion EXIM loan to fully fund the Stibnite mine in Idaho?
Hey everyone,
Just read this article – "Co. Secures US$2.9B EXIM Loan, Fully Funding Stibnite Gold-Antimony Mine" – and wow, this is pretty significant for Perpetua Resources (PPTA). A $2.9 billion EXIM loan to fully fund the Stibnite mine in Idaho? That's a huge de-risking event for them, especially with the current market volatility. I've been eyeing PPTA for a while, mostly because of the strategic importance of antimony, but the financing risk always kept me from pulling the trigger for my long-term retirement portfolio. This definitely changes the calculus for me.
It's interesting how the government is stepping in to support projects like this, especially with the focus on critical minerals. I remember years ago when it felt like these large-scale domestic mining projects struggled to get off the ground without major private equity, and often faced significant environmental hurdles. This EXIM loan combined with the "initial production estimated f" (I'm assuming "for 2026" or similar from the full article) really fast-tracks things. Makes you wonder if we're going to see more of this kind of government-backed funding for strategic resources in North America. My kids are still young, but I'm thinking about what the resource landscape will look like when they're my age, and securing these critical supply chains seems like a smart move.
What are your thoughts on this? Does this EXIM loan make PPTA a more attractive investment for you? Have any of you been following Perpetua more closely or invested previously? Curious to hear if this pushes anyone else to take a closer look.