Idaho gold mine could get $1.8B loan from Export-Import Bank

By Jennifer Yachnin | 04/08/2024 01:17 PM EDT

Perpetua Resources announced the potential financing for the Stibnite Gold project, which would also mine the critical mineral antimony.

The proposed site of the Stibnite Gold Project in central Idaho.

The proposed site of the Stibnite Mine in central Idaho. Dylan Brown/E&E News

This story was updated 2:23 p.m. EDT.

A proposed gold and antimony mine in Idaho could receive a loan of up to $1.8 billion from the Export-Import Bank of the United States, a major boon for the project that has drawn funding from the Department of Defense.

Perpetua Resources announced Monday that its Idaho subsidiary is under consideration for a 15-year financing plan to develop its Stibnite Gold project.

The planned mine in Idaho’s Salmon River Mountains would produce both gold and antimony, a key component for munitions.

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