04:58 PM EDT, 09/08/2025 (MT Newswires) -- Perpetua Resources ( PPTA ) on Monday said it received a Preliminary Project Letter (PPL) and non-binding indicative financing term sheet from the Export-Import Bank of the United States (EXIM), outlining initial due diligence findings in support of a potential US$2 billion debt financing for its Stibnite Gold Project in Idaho

The company said the PPL is a summary of EXIM's due diligence to date and it is continuing to work with the bank as it wraps up the process and completes a loan application. It expects bank's board to consider the application in the spring of next year.

"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," chief executive Jon Cherry said

Perpetua Resources ( PPTA ) shares closed down $0.56, or 2.2%, to $24.96 on the Toronto Stock Exchange.