AP768324XX
EXIM final approval of project finance for the Stibnite Gold Project
Summary
On 21 May 2026 EXIM's board gave final approval to project-finance transaction AP768324XX for Perpetua Resources Idaho Inc.'s gold-and-antimony Stibnite project. EXIM's transaction table lists a financed amount of $2.906 billion and status 'Authorized'. Perpetua's June 2026 Form 10-Q states that the senior secured long-term loan remained subject to definitive documentation and conditions precedent before funds would become available.
Analytical significance
The approval moves Stibnite from smaller grant support into large-scale public project finance, while the tracker keeps board approval separate from loan closing and disbursement.
Instruments in this event
The separate financial commitments and control clauses this announcement contains, each with its own status history and evidence.
Framing anchors
Official framing, classified only from quoted passages.
improve the resiliency of our supply chains
Programme-level EXIM framing for the Make More in America Initiative under which the Stibnite loan was approved.
Affected materials
Related events
Events touching the same materials.
Sources (4)
EXIM Board Meeting Minutes — May 21, 2026
Primary sourceExport-Import Bank of the United States
Board minutes recording final approval of transaction AP768324XX for Perpetua Resources Idaho Inc.; identifies it as a direct loan for a Gold and Antimony project in Idaho.
https://www.exim.gov/news/minutes/board-meeting-minutes-2026-05-21
Project and Structured Finance Transactions — Perpetua Resources Corp.
Primary sourceExport-Import Bank of the United States
EXIM transaction table, updated 2 July 2026, listing Perpetua Resources Corp. as a 2026 U.S. mining project-finance transaction with a financed amount of US$2.906 billion and status 'Authorized'.
https://www.exim.gov/solutions/project-and-structured-finance/transactions
Perpetua Resources Corp., Form 10-Q for the quarter ended June 30, 2026
Primary sourcePerpetua Resources Corp. / U.S. Securities and Exchange Commission (EDGAR)
Filing date 2026-08-14 independently verified against SEC EDGAR accession 0001104659-26-097134 index; 2026-06-30 is the period-end, not the publication date. Filed disclosure that all $59.2 million available under the DPA TIA had been disbursed and the agreement expired 16 June 2025; also records the OTIA's later additions to a current estimated $27.1 million and ongoing reimbursements. Separately describes the EXIM board-approved $2.9 billion senior secured loan as subject to definitive documentation and conditions precedent.
https://www.sec.gov/Archives/edgar/data/1526243/000110465926097134/ppta-20260630x10q.htm
Make More in America Initiative
Primary sourceExport-Import Bank of the United States
EXIM programme page describing MMIA as a domestic financing tool for sectors critical to national security and for improving the resiliency and security of U.S. supply chains.
https://www.exim.gov/about/special-initiatives/make-more-in-america-initiative
Citation
Cite this record
This cites the record — the project's coding of the instrument. For a claim about what a government actually did, cite the primary document itself; the sources above carry the canonical URLs.
Strategic Materials Policy Tracker. "EXIM final approval of project finance for the Stibnite Gold Project." Record evt-us-exim-stibnite-2026, 2026-05-21. https://strategic-materials-policy-tracker.vercel.app/events/evt-us-exim-stibnite-2026