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Perpetua Resources up as it gets nod to seek $1.8 bln US loan for Idaho mine

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Perpetua Resources up as it gets nod to seek $1.8 bln US loan for Idaho mine

















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XM does not provide services to residents of the United States of America.

Reuters

Perpetua Resources up as it gets nod to seek $1.8 bln US loan for Idaho mine

BUZZ-Perpetua Resources up as it gets nod to seek $1.8 bln US loan for Idaho mine

** Shares of mining company Perpetua Resources PPTA.O climb 6% to $5.31 premarket

** Co receives leter of interest from U.S. Export-Import Bank (EXIM) for a loan of up to $1.8 billion, Reuters reports exclusively

** Co to develop an antimony and gold mine in northern Idaho called Stibnite

** PPTA says loan would have a 15-year repayment term and that it qualifies for “flexibility” on the interest rate, which would be set at closing

** Letter of interest indicates PPTA has cleared initial loan requirements to start the formal application process

** The Stibnite mine would be the only American source of key metal antimony, widely used used as hardening agent for bullets and tanks, and alloys for electric vehicle batteries

** Upto last close, stock up 50% YTD

Reporting by Vallari Srivastava in Bengaluru

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