Perpetua Resources Loses 5% Market Value Despite US Export-Import Bank Loan Approval

Perpetua Resources Corp. (Nasdaq: PPTA), a U.S. gold and antimony mining developer, closed at $25.30 on the Nasdaq on the 22nd, down 5.31%, with trading volume exceeding 2 million shares. Its market capitalization fell to about $3.16 billion, erasing roughly $160 million (approximately ₩220 billion) in a single day.

The pullback came after yesterday’s sharp rally, which followed the unanimous approval by the U.S. Export-Import Bank (EXIM) board of a $2.9 billion (around ₩4 trillion) long-term loan to advance the Stibnite Gold Project in Idaho. Analysts say investors engaged in profit-taking and reassessed the deal’s financing and execution risks.

Perpetua Resources — focused solely on the Stibnite gold and antimony project in Idaho — entered its active development phase in 2025 after receiving final federal water-related permits from the U.S. Army Corps of Engineers.