Perpetua Resources Secures Federal Permits, Seeks $2 Billion Financing with Paulson Owning 25%
Perpetua Resources is remediating Stibnite Mining District, securing federal permits, starting construction and attracting Agnico Eagle, JP Morgan and John Paulson, with Paulson owning 25%. The project seeks over $2 billion in Export-Import Bank financing by spring 2026 and offers exposure to elevated gold prices plus substantial antimony resources.
1. Project Development and Permits
Perpetua Resources is remediating legacy environmental impacts at its Stibnite Mining District site in Idaho, obtaining key federal permits and initiating construction to modernize the facility and resume mining activities.
2. Institutional Backing and Ownership
The company has drawn institutional investors including Agnico Eagle Mines, JP Morgan and John Paulson, with Paulson now holding approximately 25% of outstanding shares, underscoring strong financial support.
3. Export-Import Bank Financing Bid
Perpetua is pursuing over $2 billion in financing from the U.S. Export-Import Bank, with a funding decision expected by spring 2026 to underwrite mine construction and infrastructure development.
4. Resource Economics and Upside Potential
The Stibnite project offers leveraged exposure to elevated gold prices and significant antimony deposits, positioning Perpetua for potentially low-cost production and strategic critical mineral supply as demand rises.