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RBC Maintains Perpetua Resources' Outperform Rating, US$42 Price Target

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RBC Capital Markets on Thursday reiterated its outperform, speculative risk, rating on the shares of Perpetua Resources (PPTA.TO, PPTA) and its US$42.00 price target after the company secured a US$2.9-billion loan from the Export Import Bank of the United States to fund construction of Perpetua's Stibnite gold project in Idaho.

This U.S. decision follows a 25-day Congressional notification period and due diligence by EXIM, RBC said.

The loan allows Perpetua to reach a final investment decision and shift focus to execution and full construction in the second half, RBC said.

Price: $35.30, Change: $-1.52, Percent Change: -4.13%

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