Perpetua Resources Seeks $2 Billion EXIM Boost for Stibnite Gold Project
Securing America’s Mineral Future with Gold and Antimony

In a move to secure America’s critical mineral supply chain, Perpetua Resources Corp. (Nasdaq: PPTA, TSX: PPTA) has submitted a formal application to the Export-Import Bank of the United States (EXIM) for up to $2 billion in debt financing to develop the Stibnite Gold Project. This strategic step, announced on May 23, 2025, follows the receipt of the final federal permit and builds on EXIM’s earlier $1.8 billion Letter of Interest (LOI). The increased funding request reflects a surge in projected job-years, as detailed in Perpetua’s recent financial and engineering updates.
A Game-Changer for U.S. Antimony Production
The Stibnite Gold Project isn’t just another mining venture—it’s a potential lifeline for U.S. national security and economic competitiveness. With China’s 2024 export ban on antimony—a mineral critical for defense applications like munitions and missiles—Perpetua’s project could become the only domestically mined source of this vital resource. If approved, EXIM’s financing, through its “Make More in America” and “China and Transformational Exports Program” initiatives, could cover the lion’s share of the project’s development costs, paving the way for a secure, homegrown antimony supply.
“The Stibnite Gold Project is poised to be a national strategic asset for domestic antimony production and is also a world-class gold asset,” said Jon Cherry, President and CEO of Perpetua Resources. “EXIM financing could play a pivotal role in advancing the Project to production so we can reestablish a secure supply of antimony for the United States for decades to come.”
