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Perpetua Resources Receives Preliminary $2B Term Sheet From EXIM For Stibnite Gold Project

Benzinga Newsdesk 1 year ago

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Perpetua Resources Corp. (NASDAQ:PPTA) (TSX:PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today that it received a preliminary, non-binding indicative financing term sheet from the Export-Import

Perpetua Resources Corp. (NASDAQ:PPTA) (TSX:PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today that it received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States ("EXIM") as part of a Preliminary Project Letter ("PPL") conveying EXIM's initial due diligence findings to Perpetua on its application for $2 billion in debt financing from EXIM for the Stibnite Gold Project ("Project").

Along with the preliminary indicative term sheet, the PPL provides a summary of EXIM's initial due diligence findings of the Project to date.  Perpetua continues to work with EXIM to advance the project through the next stages of EXIM's due diligence and loan application process.  The Company is anticipating final EXIM Board consideration by the spring of 2026.

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