11:31 AM EDT, 04/09/2024 (MT Newswires) -- B. Riley on Tuesday noted Perpetua Resources ( PPTA ) 's announcement that it received a letter of interest from the Export-Import Bank of the US for potential debt financing of up to US$1.8 billion for the Stibnite project.

B. Riley said the development affirms the importance of domestic antimony supply.

The investment bank added that potential dilution for shareholders would be dramatically reduced if the company receives debt funding.

"We view the announcement as highly encouraging, and we remain buyers ahead of the multiple catalysts throughout 2024," B. Riley said.

B. Riley gave Perpetua a buy rating and a US$15.00 price target.

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