Welcome to our dedicated page for Perpetua Resources news (Ticker: PPTA), a resource for investors and traders seeking the latest updates and insights on Perpetua Resources stock.
Perpetua Resources Corp. reports developments tied to the Stibnite Gold Project, a gold, silver and antimony mineral project in Idaho. Company news centers on mineral exploration and development, updated technical report summaries, project economics, early works activity, engineering and procurement planning, and financing-related disclosures for the project.
Recurring updates also cover antimony as a critical mineral, including pilot processing work with Idaho National Laboratory, as well as operating and financial results, leadership appointments, shareholder voting matters, capital-structure disclosures, material agreements and governance matters.
Perpetua Resources Corp. commended U.S. President Biden's invocation of the Defense Production Act to enhance domestic critical minerals supply for large-capacity batteries. This initiative supports the Stibnite Gold Project in Idaho, the only source of domestically mined antimony. The partnership with Ambri aims to utilize this antimony to power 13 GWh of energy storage, sufficient for 1 million homes. The project addresses national security by reducing reliance on foreign sources, as 90% of global antimony production is controlled by China, Russia, and Tajikistan.
Perpetua Resources Corp. (Nasdaq: PPTA) announced the appointment of Laura Dove to its Board of Directors, effective immediately. With over 30 years of government relations experience, Dove previously led federal government relations at Ford Motor Company. Her expertise aims to strengthen Perpetua's role in supporting critical mineral supply chains in the U.S. This appointment enhances the board's gender diversity and aligns with Perpetua's goal to develop a high-grade gold mine while adhering to strong ESG principles.
Perpetua Resources Corp. (Nasdaq: PPTA) announced the promotion of Jessica Largent to Chief Financial Officer, effective April 1, 2022. Largent, who joined the company in February 2021, previously served as Vice President of Finance. She played a vital role in securing a $57.5 million public equity offering in August 2021 and establishing a supply agreement for antimony production to support U.S. energy decarbonization. Additionally, Chris Fogg has been hired as Manager of Investor Relations, enhancing the leadership team as it advances the Stibnite Gold Project.
Perpetua Resources Corp. (PPTA) endorses the Idaho Congressional Delegation's push for expedited permitting of critical mineral projects, vital for U.S. economic security amidst geopolitical tension. The Stibnite Gold Project aims to restore an abandoned mine while producing gold and antimony, a crucial mineral for clean energy and defense. With over 75% of antimony production controlled by foreign nations like China and Russia, the project could secure the only domestically mined antimony source, enhancing energy independence and supporting defense needs.
Perpetua Resources Corp. (Nasdaq: PPTA) announced that the U.S. Forest Service is set to publish a Supplemental Draft Environmental Impact Statement (SDEIS) for the Stibnite Gold Project in early Q3 2022. This project aims to responsibly mine gold and antimony, a critical mineral for clean energy and defense. The USFS has made significant progress in its review, responding to over 850 public comments. The Stibnite Gold Project is crucial for reducing U.S. reliance on foreign antimony sources, with the U.S. Geological Survey reporting substantial dependence on imports.
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.
Perpetua Resources Corp. (Nasdaq: PPTA) announced that President and CEO, Laurel Sayer, will present at several upcoming industry conferences. The focus of Perpetua Resources is on the redevelopment of gold-antimony-silver deposits in Idaho's Stibnite-Yellow Pine district. The company aims to operate a high-grade open-pit gold mine, support the low-carbon energy transition, and restore an abandoned site. Presentations will occur at the Precious Metals Summit Beaver Creek on September 9, and the Gold Forum Americas on September 13, 2021. More details are available on their website.
Perpetua Resources Corp. (Nasdaq: PPTA) has announced the complete exercise of the over-allotment option related to its recent public offering. This has resulted in the purchase of an additional 1,428,572 common shares at US$5.25 each, generating gross proceeds of approximately US$7.5 million. The total gross proceeds from the offering now stand at about US$57.5 million. Proceeds will support operations at the Stibnite Gold Project in Idaho and cover general corporate expenses.
Perpetua Resources Corp. (PPTA) has successfully completed a public offering, issuing 9,523,810 common shares at US$5.25 per share, raising gross proceeds of US$50 million. The offering was led by B. Riley Securities and Cantor Fitzgerald, with the potential for additional shares through a 30-day over-allotment option. Proceeds will primarily fund operations at the Stibnite Gold Project, including permitting and engineering. Additionally, Paulson & Co. purchased a significant share portion to maintain a 40.276% stake, qualifying the offering as a related party transaction.
Perpetua Resources Corp. (Nasdaq: PPTA) has announced the pricing of an underwritten public offering to sell 9,523,810 common shares at $5.25 each, expected to generate approximately $50 million in gross proceeds. The company has granted underwriters a 30-day over-allotment option for an additional 1,428,572 shares. Proceeds will fund permitting, restoration, and engineering for the Stibnite Gold Project. The offering is anticipated to close around August 17, 2021, pending customary conditions and approvals.