Hunton Andrews Kurth LLP is advising Perpetua Resources (PPTA) in connection with a recently approved $2.9 billion senior secured long-term loan from the Export-Import Bank of the United States (EXIM). The financing, which is the largest loan under EXIM’s “Make More in America” (MMIA) initiative and EXIM’s fourth largest loan on record, supports the development of Perpetua’s Stibnite Gold Project in Idaho.

Perpetua Resources, through its wholly owned subsidiaries, is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined reserves of antimony in the United States.

The Hunton team is led by partners Joanna Enns and Doug Dua, members of Hunton’s global mining and minerals team whose market-leading experience includes U.S. government financing for critical minerals.