Perpetua Resources jumps after US approves $2.9 billion for Idaho mine

Perpetua Resources

22/05/2026 10:19

** Shares of antimony and gold miner Perpetua Resources PPTA.O rise 11% to $29.55 in premarket trading

** Co on Thursday said the Export-Import Bank of the United States has approved a $2.9 billion loan to support the development of its Stibnite Gold Project in Idaho

** The loan is expected to fully fund the direct construction of the project

** The Pentagon-backed mine would be the country's first antimony project

** PPTA expects the EXIM loan to be available in the second half of 2026

** As of last close, stock is up more than 10% YTD

 (Reporting by Vallari Srivastava in Bengaluru)

 ((Srivastava.Vallari@thomsonreuters.com;))