Perpetua receives preliminary term sheet from EXIM on $2B debt financing

Perpetua Resources (PPTA) Corp. announced that it received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States as part of a Preliminary Project Letter conveying EXIM’s initial due diligence findings to Perpetua on its application for $2B in debt financing from EXIM for the Stibnite Gold 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. “Perpetua Resources received its final federal permit for the Stibnite Gold Project in the second quarter of 2025, after eight years of rigorous interagency coordination and review,” said Jon Cherry, President and CEO of Perpetua Resources. “Following the successful equity offering earlier this year, Perpetua is focused on finalizing a potential royalty or stream arrangement with financial assurance guarantees, commencing early works construction in the fall of 2025 while advancing the EXIM debt financing.”