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Perpetua Resources
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Nasdaq-listed Perpetua Resources has secured a $2.9-billion senior secured loan from the US Export-Import Bank that, combined with cash on hand, will fully fund construction of the Stibnite gold project in Idaho, which has a total project cost of $2.5-billion. The 13-year facility, structured under the Make More in America initiative, comprises a $2.4-billion upfront loan with the remainder covering capitalised interest and fees, and is expected to close in the second half of the year following completion of definitive documentation.
Stibnite to supply US's only domestic antimony reserveThe project is designed to redevelop the abandoned Stibnite Mining District to produce gold and the nation's only reported antimony reserve, a critical mineral used in defence, flame retardants and manufacturing. Perpetua expects the mine to supply an estimated 35% of US antimony demand in its first six years of operation and create about 950 direct jobs during construction and 550 during operations.
Perpetua Resources Updates
Nasdaq-listed Perpetua Resources Corporation has secured a $2.9-billion senior secured long-term loan with the US’ Export-Import Bank (EXIM), which will support development of the Stibnite gold...
Perpetua Resources will notify Congress of a proposed $2.7-billion loan from the US Export-Import Bank (Exim) to help finance the project.
Antimony and gold miner Perpetua Resources said on Tuesday it would notify Congress of a proposed $2.7-billion loan from the US Export-Import Bank to help finance the Stibnite gold project in...
Project developer Perpetua Resources has announced senior leadership changes as it advances early works construction at its Stibnite gold/antimony project in Idaho, ahead of a final investment...
Washington must move even faster to bolster critical minerals projects and offset Beijing's grip on the world's supply of the building blocks for electronics, weapons and a range of other goods,...
Critical minerals developer Red Mountain Mining has been approved to list on the US OTCQB market, with trading in the company’s RMXFF code scheduled to begin at 9:30 New York time on Monday. The...
Acquisitive antimony company Red Mountain Mining is gearing up to join the growing US critical minerals movement, with the ASX-listed explorer announcing plans to begin trading on the OTCQB, as it...
Nasdaq- and TSX-listed Perpetua Resources on Monday announced a major financial boost with a $255-million strategic equity investment from Agnico Eagle Mines and JPMorganChase, strengthening the...
US-based Perpetua Resources has broken ground on early works construction at its Stibnite gold project, advancing what will be the only domestic source of the critical mineral antimony. The company...
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