US$2.9B EXIM Loan Funds Stibnite Gold-Antimony Project, Boosting US Miner Outlook
USAS•EXIM approved a US$2.9 billion loan to fully fund Perpetua’s Stibnite Gold-Antimony Project under the Make More in America initiative. The financing underscores federal resolve to close the US antimony supply gap and boosts outlook for antimony miners such as US Antimony Corp.
1. EXIM Loan Approval
On May 21, the Export-Import Bank approved a US$2.9 billion senior secured loan under the Make More in America initiative to finance Perpetua’s Stibnite Gold-Antimony Project in Idaho. The 13-year facility, combined with Perpetua’s cash, is expected to fully fund direct construction of gold production and the nation’s sole domestic antimony reserve.
2. Impact on Critical Mineral Supply
Federal backing underscores the strategic shift to secure domestic critical mineral supply chains as geopolitical tensions raise concerns over reliance on foreign sources. The loan highlights that even large projects like Stibnite cannot close the entire US antimony supply deficit, indicating the need for multiple development efforts.
3. Implications for US Antimony Corp
Smaller antimony producers such as US Antimony Corp stand to benefit from elevated investor focus and potential further government support. Market participants expect new financing mechanisms may target near-term production opportunities like those advanced by US Antimony Corp.
