Government SupportThe non-dilutive funding from the U.S. government, which is looking to the Stibnite mine to produce domestic antimony, is a positive factor.
Market ValuationThe increase in the price target to $30.00 is primarily driven by the revised price deck and an increase in the antimony forecast, aligning better with market pricing.
Project CredibilityPerpetua announced it received a preliminary and non-binding indicative financing term sheet from the U.S. Export-Import Bank, improving the project's credibility and indicating strong ongoing interest from EXIM.