US$2.9B EXIM Loan Spurs U.S. Antimony, NevGold Launches 20,000m Drill
NVA•EXIM approved a US$2.9 billion loan for Perpetua Resources’ Stibnite Gold-Antimony Project, reinforcing U.S. antimony independence. NevGold has kicked off a 20,000-metre drill program at its Limousine Butte Project ahead of a Q2 2026 maiden MRE, with April intercepts of 1.93 g/t gold-equivalent over 100.6 m including 1.11% antimony over 6.1 m.
1. Federal Financing for U.S. Critical Minerals
The Export-Import Bank approved a US$2.9 billion senior secured loan under its Make More in America Initiative to fund the Stibnite Gold-Antimony Project, marking the largest federal push to reestablish domestic antimony production and reduce reliance on foreign sources.
2. Perpetua’s Stibnite Gold-Antimony Project
Combined with Perpetua’s existing cash, the 13-year facility will fully finance construction of the Idaho-based mine, set to produce both gold and the only reported domestic antimony reserve, though additional projects will be needed to close the nation’s supply deficit.
3. NevGold’s Limousine Butte Development
NevGold has begun a 20,000-metre drill program at its 100%-owned Limousine Butte Project in Nevada ahead of a Q2 2026 maiden Mineral Resource Estimate; the oxide antimony-gold deposit offers near-surface feedstock from historical leach pads, and April drill results returned 1.93 g/t gold-equivalent over 100.6 m including 1.11% antimony over 6.1 m along with metallurgical recoveries above 93% for gold.
