NevGold Advances MRE as U.S. Backs US$2.9 B Stibnite Antimony Loan
NevGold celebrated the U.S. Export-Import Bank’s US$2.9 billion loan to Perpetua Resources for developing Idaho’s Stibnite gold-antimony project, reinforcing domestic antimony supply chain security. The company’s maiden antimony-gold resource estimate at Limo Butte is nearing completion, with oxide-antimony in historic leach pads offering potential for rapid production.
1. US$2.9B EXIM Loan Supports Stibnite Project
The U.S. Export-Import Bank approved a US$2.9 billion senior secured loan for Perpetua Resources’ Stibnite project in Idaho, the only large-scale domestic antimony resource. This financing under the Make More in America Initiative underscores federal commitment to rebuilding a secure U.S. antimony supply chain.
2. Limo Butte Maiden MRE Nearing Completion
NevGold’s Limo Butte project in Nevada is nearing completion of its maiden antimony-gold Mineral Resource Estimate, which will quantify both antimony and gold grades and tonnages. This MRE will form the basis for further engineering studies and resource financing plans.
3. Oxide-Antimony Pathway for Rapid Production
Historic gold leach pads at Limo Butte host oxide-antimony material that could provide a faster route to production. The company intends to recover antimony from these surface ores, potentially accelerating cash flow and reducing project risk compared to deeper primary deposits.
