Perpetua Resources (TSX:PPTA) Is Down 9.6% After Receiving US Export-Import Bank Term Sheet for $2B Financing

• Perpetua Resources announced it received a preliminary, non-binding term sheet from the Export-Import Bank of the United States for potential US$2 billion in debt financing to support its Stibnite Gold Project, following the receipt of its final federal permit in the second quarter of 2025.
• This development marks a pivotal step for the company, signifying progress toward project funding and anticipated construction of one of the country’s significant gold and antimony projects.
• We'll explore how securing indicative government-backed financing could influence Perpetua’s long-term project execution and investment outlook.

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What Is Perpetua Resources' Investment Narrative?

If you’re interested in Perpetua Resources, the underlying belief is that the Stibnite Gold Project can be brought into production, unlocking value from both gold and antimony at a time when domestic supply chains are a focus. The company’s receipt of a non-binding term sheet from the Export-Import Bank of the United States for up to US$2 billion is a meaningful development, providing a new potential pathway to funding, a catalyst that addresses what had been a major risk: securing enough capital for project execution. The timing is important: with final federal permits in hand and equity raises completed, the focus now shifts to confirming this financing, advancing royalty negotiations, and moving toward construction milestones. That said, significant risks still exist, including future funding sufficiency, ongoing losses, and potential project delays, even with this new government-backed support in play. But there are important funding risks you might not want to overlook.

Upon reviewing our latest valuation report, Perpetua Resources' share price might be too optimistic.

Exploring Other Perspectives

Among three fair value assessments from the Simply Wall St Community, estimates range from just over US$3 to US$32 per share. This span reflects sharply differing opinions, especially with potential project funding now in view as a short-term catalyst. Opinions can vary widely; consider multiple viewpoints before forming your own perspective on Perpetua Resources.

Explore 3 other fair value estimates on Perpetua Resources - why the stock might be worth as much as 34% more than the current price!

Build Your Own Perpetua Resources Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Perpetua Resources research is our analysis highlighting 4 important warning signs that could impact your investment decision.
• Our free Perpetua Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Perpetua Resources' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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