Perpetua Resources Corp Stock Price, News & Analysis

Perpetua Resources (Nasdaq: PPTA) announced a key leadership transition as Mark Murchison succeeds Jessica Largent as Chief Financial Officer, effective October 1, 2025. Largent, who helped raise over $650 million in funding and initiated an application for up to $2.0 billion in project financing from the Export-Import Bank, will remain as advisor through 2025.

Murchison brings over 25 years of metals and mining experience, including notable achievements as CFO of Alacer Gold, where he managed a $750-million expansion project and delivered 300% total shareholder return. The transition comes as Perpetua prepares to commence early works construction this fall for its Stibnite Gold Project, with full construction planned for 2026.

Perpetua Resources (Nasdaq: PPTA) announced plans to issue a Request for Proposal (RFP) to evaluate potential off-site antimony processing facilities, advancing its efforts to secure America's antimony supply chain. The company's Stibnite Gold Project, the only domestic antimony reserve in the US, contains 148 million pounds of antimony.

The RFP process will assess third-party processors based on production capacity, environmental track record, reliability, and other key factors. This initiative is separate from Perpetua's ongoing $22.4 million partnership with the U.S. Army through the Defense Ordinance Technology Consortium (DOTC) for military-grade antimony trisulfide production.

The company has already engaged with major industry players including Clarios, Glencore, Nyrstar, Sunshine Silver, and Trafigura. A final selection is expected in Q4 2025.

Perpetua Resources (Nasdaq: PPTA) celebrated a major milestone as its Stibnite Gold Project received the U.S. Forest Service Notice to Proceed, allowing development to begin upon posting financial assurance. The Project, backed by $80 million in Department of Defense funds, will produce America's only mined antimony reserve, crucial for military defense.

The Project is expected to produce 450,000 ounces of gold annually in its first four years, with total reserves of 4.8 million ounces. It aims to supply up to 35% of U.S. antimony demand in its first six years. The development will create over 950 construction jobs and 550 operational positions, while addressing legacy environmental contamination and restoring fish habitats.

Perpetua Resources (Nasdaq: PPTA) has received a conditional Notice to Proceed from the U.S. Forest Service for its Stibnite Gold Project, marking a crucial milestone after 8 years of permitting review and over $400 million in investments. The project can begin construction once the company posts the required joint financial assurance bonding.

The Stibnite Gold Project aims to become America's only mined source of antimony, a critical mineral essential for defense systems and munitions. The project combines mineral production with environmental restoration, including cleanup of legacy contamination and restoration of fish habitats. The final mine plan, which underwent extensive environmental review since 2016, features a 13% reduced footprint and received over 23,000 supporting public comments.

Perpetua Resources (Nasdaq: PPTA) has received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States (EXIM) for potential $2 billion in debt financing for the Stibnite Gold Project. The Preliminary Project Letter (PPL) includes EXIM's initial due diligence findings, with final board consideration expected by spring 2026.

The company secured its final federal permit for the project in Q2 2025 after eight years of review. Following a successful equity offering, Perpetua plans to commence early works construction in fall 2025 while finalizing potential royalty arrangements and advancing the EXIM debt financing process.

Perpetua Resources (Nasdaq: PPTA) reported significant progress in Q2 2025 for its Stibnite Gold Project. The company secured its final federal permit from the U.S. Army Corps of Engineers and successfully raised $474 million through equity financing. Perpetua submitted an application to U.S. EXIM for potential project debt financing of up to $2.0 billion.

The company maintained a strong safety record with zero lost time incidents and received validation of its air permit from the Idaho Board of Environmental Quality. Perpetua aims to begin early works construction in fall 2025, with full construction planned for spring 2026. The project will provide the U.S. with domestic antimony supply and develop one of the country's largest open-pit gold mines while restoring a brownfield site.

Perpetua Resources (NASDAQ: PPTA) hosted U.S. Secretary of Labor Lori Chavez-DeRemer and Idaho Governor Brad Little to discuss the strategic Stibnite Gold Project. The project, designated as a White House Transparency Project, aims to become the only domestic source of antimony in the United States.

The Department of Defense has invested over $80 million in the project due to antimony's critical role in defense applications. The project is expected to create 550+ direct jobs in Idaho during operations. Additionally, Perpetua announced a $250,000 Stibnite Launch Scholarship partnership with the College of Western Idaho to support students in Geosciences and Mining programs, funding 12+ students annually for three years.

Perpetua Resources (Nasdaq: PPTA) announced the full exercise of an option by underwriters to purchase an additional 3,693,300 common shares at US$13.20 per share, generating approximately US$49 million in additional gross proceeds.

This follows the company's previously announced US$325 million public offering of 24,622,000 common shares and a US$100 million private placement to Paulson & Co. Inc. The total financing package now reaches approximately US$474 million. The funds will support the development of Perpetua's Stibnite Gold Project.

Perpetua Resources (Nasdaq: PPTA) has released its 2024 Sustainability Report, marking its 12th annual ESG disclosure. The company achieved significant milestones including receiving the Final Environmental Impact Statement (FEIS) and Final Record of Decision (ROD) for its Stibnite Mining Project.

Key sustainability achievements include 154 months without reportable spills, 109 months without lost time incidents, and $19 million spent on legacy cleanup activities since 2021. The company invested $23.6 million in Idaho during 2024, contributing to a total of $132 million since 2014. The project aims to develop one of the largest open-pit gold mines in the US while providing a domestic source of antimony.