Perpetua Resources secures $2.9B loan to develop critical antimony mine in Idaho, boosting US supply chain independence.

Perpetua Resources has obtained a $2.9 billion loan from the U.S. Export-Import Bank to fund the Stibnite Gold project in Idaho, which will produce gold and antimony, a critical mineral for defense and renewable energy. This loan is the largest under EXIM's "Make More in America" initiative and aims to reduce U.S. dependence on China for antimony, which currently dominates global supply. The mine is expected to supply about 35% of U.S. antimony demand within six years and begin operations by 2029. This move is part of broader U.S. government efforts to strengthen domestic production of critical minerals amid geopolitical concerns.