Perpetua Resources Corp Stock Price, News & Analysis

Perpetua Resources (PPTA) has successfully closed a comprehensive financing package totaling US$425 million, comprising a US$325 million public offering of 24.6 million shares at US$13.20 per share and a US$100 million private placement of 7.6 million shares to Paulson & Co. The financing is part of a larger funding strategy for the Stibnite Gold Project, which includes a pending US$2 billion application with the Export-Import Bank of the United States. The company is also in advanced discussions for US$155 million in reclamation bond guarantees and US$200-250 million in royalty financing. The total project construction costs are estimated at US$2.2 billion, with construction expected to commence in late 2025 pending final permits.

Perpetua Resources has upsized its previously announced bought deal public offering due to high demand. The company will now issue 24,622,000 common shares at US$13.20 per share, raising approximately US$325 million. Additionally, Paulson & Co. Inc. will purchase US$100 million of shares in a private placement at the same price. The underwriters have a 30-day option to purchase up to 3,693,300 additional shares, potentially increasing total proceeds to US$374 million. The funds will support the development of the Stibnite Gold Project, particularly as equity requirements for a pending US$2 billion EXIM Bank financing application. The offering is expected to close around June 16, 2025, with National Bank of Canada Financial Markets and BMO Capital Markets acting as joint lead bookrunning managers.

Perpetua Resources (PPTA) has secured a comprehensive financing package for its Stibnite Gold Project, including a US$300M bought deal financing at US$13.20 per share and a US$100M private placement with Paulson & Co. Inc. The company plans to use these funds alongside a pending US$2B EXIM Bank project financing application submitted in May 2025. The total project construction costs are estimated at US$2.2B. Additionally, Perpetua is in advanced discussions for US$155M in reclamation bond guarantees and US$200-250M in exchange for a gold NSR royalty (not exceeding 3.9%) or stream. The bought deal offering involves 22,728,000 common shares with an additional 15% option for underwriters. The financing package, if completed as planned, is expected to fully fund project construction, overrun accounts, and exploration activities, with construction potentially starting in late 2025.

Perpetua Resources (PPTA) has secured an additional $6.9 million in defense funding from the U.S. Army via DOTC, building on a previous $15.5 million award from August 2023. The funding will support testing to demonstrate the feasibility of using materials from the Stibnite Gold Project to produce military-spec antimony trisulfide, crucial for munitions and defense systems. The expanded funding will increase the scope of a modular pilot plant for processing antimony. The project is expected to supply 35% of U.S. antimony demand in its first six years. This brings Perpetua's total Department of Defense funding to over $80 million. The initiative gains significance as China, the dominant global antimony supplier, cut off exports to the U.S. in 2024. The project aims to create jobs, restore fish habitat, and address environmental concerns at an abandoned mine site.

Perpetua Resources (PPTA) has submitted a formal application to the Export-Import Bank of the United States (EXIM) for up to $2 billion in debt financing to construct the Stibnite Gold Project. This represents an increase from the previous $1.8 billion Letter of Interest, reflecting higher estimated job-years. The application follows receipt of the final federal permit and could fund the majority of the project's development costs.

The Stibnite Gold Project aims to become the only domestically mined source of antimony in the United States, addressing critical supply concerns after China blocked global antimony exports in 2024. The project recently received its final federal permit, the Clean Water Act Section 404 permit, completing an eight-year federal permitting process. The company is now focusing on obtaining remaining state permits and securing financing to begin construction.

Perpetua Resources (PPTA) has received its final federal permit from the U.S. Army Corps of Engineers for the Stibnite Gold Project in Idaho. The Clean Water Act Section 404 permit marks the completion of an eight-year federal permitting process. The project is set to be one of the highest-grade open-pit gold mines in the U.S., with reserves of 4.8M ounces of gold and expected production of 450,000 ounces annually in its first four years. Notably, the project contains a 148-million-pound antimony reserve, the only identified reserve in the U.S., potentially meeting 35% of U.S. antimony demand. The project aims to create approximately 550 jobs during operations and includes environmental restoration plans. With this final federal permit secured, Perpetua is now focusing on obtaining remaining state permits and project financing for construction.

Perpetua Resources (Nasdaq: PPTA) held its virtual Annual Meeting on May 15, 2025, with 67.90% of outstanding shares represented. Shareholders successfully elected all director nominees with strong approval ratings, most receiving over 99% of votes in favor. Notable results include Jonathan Cherry and Richie Haddock receiving the highest approval rates at 99.85% and 99.82% respectively, while Marcelo Kim and Jessica Largent received relatively lower but still strong approval at approximately 95%. Additionally, shareholders ratified PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for fiscal year 2025 with 99.76% approval.

Perpetua Resources (PPTA) reported key Q1 2025 developments for its Stibnite Gold Project. The company achieved a major milestone with the USFS issuing the Final Record of Decision for the project. The project was also selected as a priority project by the White House, highlighting its strategic importance for domestic mineral production. Notable achievements include completion of basic engineering and cost updates, execution of a procurement contract with Idaho Power, and inclusion in the Market Vectors Junior Gold Miners Index. The company maintained strong safety performance with zero lost time incidents or reportable environmental spills. Perpetua aims to provide the U.S. with domestic antimony supply while developing one of the largest open-pit gold mines in the country.

Perpetua Resources (Nasdaq: PPTA) announced its Stibnite Gold Project has been selected as a Transparency Project by the White House, becoming one of 10 initial U.S. projects chosen by the National Energy Dominance Council. This selection follows President Trump's Executive Order aimed at strengthening American mineral production and reducing foreign dependency on critical minerals.

The project, which received its Record of Decision from the U.S. Forest Service in January 2025, is positioned to be the only domestic source of antimony, potentially supplying up to 35% of U.S. antimony demand during its first six years. Perpetua has secured nearly $75 million in Department of Defense awards and received a $1.8 billion Letter of Interest from EXIM.

The final federal decision from the U.S. Army Corps of Engineers Clean Water Act 404 permit is expected in Q2 2025. The project aims to create jobs in rural Idaho while restoring salmon habitats and addressing environmental contamination at an abandoned mine site.