$PPTA.TO

Perpetua Resources Advances Stibnite Project in Idaho After Favorable Court Ruling

Perpetua Resources (PPTA.TO) continues to advance the Stibnite gold-antimony project in Idaho following a court decision denying a request to block development, the company said Monday.The U.S. District Court of Idaho denied on Friday a motion for a preliminary injunction filed by special interest groups in 2025. The court found that the plaintiffs failed to show that the planned activities would cause them irreparable harm.Following the ruling, Perpetua commenced additional construction activities for the 2026 field season, including initial work associated with the Burntlog route, which would support safe and efficient access to the project site while minimizing impacts to nearby communities and sensitive environmental areas."We are focused on responsibly advancing the Project and executing on the important work ahead of us," President and Chief Executive Officer Jon Cherry said.

Perpetua Resources Advancing Construction of the Stibnite Gold Project

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

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%

Perpetua Resources Shares Jump 14% After EXIM Approves US$2.9 Billion Loan for Stibnite Gold Project

Perpetua Resources (PPTA.TO), up 14% in Nasdaq after-hours trade, said Thursday the Export-Import Bank of the United States approved a US$2.9 billion senior secured long-term loan to support the development of its Stibnite Gold Project in Idaho.The company said the loan was unanimously approved by EXIM's board under the Make More in America Initiative following technical, financial, environmental and social due diligence, as well as a 25-day congressional notification period."When the federal government and private industry work together on a shared national priority, big things are made possible. We are immensely proud of our role in strengthening America's national security, creating hundreds of jobs in rural Idaho, and reducing our dependence on foreign adversaries for a mineral we cannot do without," said chief executive Jon Cherry.The loan will be available upon completion of definitive documentation and satisfaction of customary conditions precedent, which is expected to occur in the second half of 2026. The loan is to be structured as a 13-year senior secured credit facility of US$2.9 billion, consisting of an upfront facility of US$2.4 billion with the remainder to cover capitalized interest during construction and EXIM's exposure fee.PPTA's shares were at last look up US$3.68 at US$30.40, after closing down C$0.99 at C$36.82 on Toronto Stock Exchange.