Perpetua Resources Announces Appointment of PricewaterhouseCoopers as Auditors

Rhea-AI Summary

Perpetua Resources Corp. (Nasdaq: PPTA) has appointed PricewaterhouseCoopers LLP as its new auditor, replacing Deloitte LLP, following a competitive review process. This transition is part of the company's shift to being a U.S. Domestic Issuer. President and CEO Laurel Sayer expressed gratitude towards Deloitte for their support over the past decade. Notably, there were no modified opinions or reportable events from the Former Auditor's audits. The appointment received approval from the Board of Directors and the Audit Committee.

Positive

• Transition to U.S. Domestic Issuer could enhance investor confidence.
• Appointment of a reputable firm like PricewaterhouseCoopers LLP strengthens audit credibility.

Negative

• None.

BOISE, Idaho, Nov. 15, 2021 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or the "Company") today announced that, following a thorough and competitive review process, it has changed its auditor from Deloitte LLP (the "Former Auditor") to PricewaterhouseCoopers LLP (the "Successor Auditor"). The Successor Auditor will conduct a US GAAP audit of the Company's annual financial statements for the 2021 financial year in connection with Perpetua transitioning to a U.S. Domestic Issuer. Copies of the Notice of Change of Auditor and letters from the Former Auditor and Successor Auditor have been filed on SEDAR.

"We are pleased to announce PricewaterhouseCoopers LLP as a reputable partner as we transition to a U.S. Domestic Issuer and continue advancing our strategy to focus the Company's business in the U.S. We would like to thank the Canadian Deloitte team for their expertise and guidance over the last ten years," said Laurel Sayer, President and CEO of Perpetua Resources.

The Company confirms there have been no modified opinions in the Former Auditor's reports for the two most recently completed financial years or for any period subsequent to the most recently completed period for which an audit report was issued and preceding November 15, 2021; the Company's Board of Directors and Audit Committee each approved the resignation of the Former Auditor and the appointment of the Successor Auditor in place of the Former Auditor; there were no reportable events (as defined in National Instrument 51-102, Continuous Disclosure Obligations) in connection with each of the Former Auditor's audits of the Company; and the Notice of Change of Auditor was approved by the Company's Board of Directors.

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SOURCE Perpetua Resources Corp.

FAQ

What prompted Perpetua Resources to change its auditor?

The change was part of a competitive review process and aligns with the company's transition to a U.S. Domestic Issuer status.

Who is Perpetua Resources' new auditor?

The new auditor is PricewaterhouseCoopers LLP, replacing Deloitte LLP.

What is the significance of Perpetua Resources becoming a U.S. Domestic Issuer?

Becoming a U.S. Domestic Issuer may improve access to capital markets and enhance visibility among U.S. investors.

Were there any issues with the previous auditor, Deloitte LLP?

No, there were no modified opinions or reportable events from Deloitte's audits prior to the change.