Perpetua tapped for $2.7B EXIM funding for gold-antimony project
- β’Hey everyone, just read this article about Perpetua getting a massive $2.7B EXIM funding for their gold-antimony project ( link here ).
- β’This is huge, especially with the initial capex being estimated at $2.58 billion.
- β’Basically, EXIM is covering the whole shebang if I'm reading this right.
Hey everyone, just read this article about Perpetua getting a massive $2.7B EXIM funding for their gold-antimony project (link here). This is huge, especially with the initial capex being estimated at $2.58 billion. Basically, EXIM is covering the whole shebang if I'm reading this right. For a project of this scale, that kind of backing is a serious de-risker, and it makes me think a lot about how these strategic metal plays are becoming increasingly attractive to governmental entities.
My first thought is, wow, thatβs a lot of geopolitical backing for critical minerals. I've been eyeing some smaller cap mining opportunities for a while now, mostly in the lithium and rare earth space, trying to diversify a bit from my typical tech-heavy portfolio, especially as I start thinking more concretely about my retirement goals. Gold and antimony together, with that kind of capital injection? It's definitely piquing my interest. I've always been a bit cautious with new mining projects due to the high upfront costs and permitting hurdles, but this EXIM involvement really changes the risk profile for Perpetua. It almost feels like a stamp of approval from Uncle Sam, effectively.
What are your thoughts on this? Does this kind of non-dilutive government funding make you look more favorably on companies involved in critical minerals, even those with significant environmental or logistical challenges? I'm wondering if this sets a precedent for more projects getting this kind of financial backing, potentially opening up new investment avenues for us retail guys. Or is it still too niche/early-stage for your portfolios? Always appreciate everyone's insights here!