Perpetua announces financing agreements for Stibnite Gold Project

The company intends to use the proceeds as part of a comprehensive financing package for the development of the company’s Stibnite Gold Project in conjunction with the previously announced application for up to US$2 billion in project financing submitted to the Export-Import Bank of the United States (EXIM) in May 2025. The company intends to designate the proceeds toward equity requirements for the EXIM debt financing, with any additional funds intended to support exploration activities, working capital, and general corporate purposes. EXIM’s due diligence on the company’s application is ongoing and is conditional upon successfully completing the due diligence and underwriting process. If the due diligence process is successful, the company anticipates closing the debt financing in 2026.

Together with the EXIM debt financing and royalty financing described below, if successfully completed in the amounts anticipated, the company believes that the net proceeds will provide the company with sufficient capital to fund the project construction costs of US$2.2 billion, along with additional funds for a cost-over run account, debt service, working capital costs in excess of the project capital costs and exploration activities.

Read the article online at: https://www.globalminingreview.com/finance-business/13062025/perpetua-announces-financing-agreements-for-stibnite-gold-project/