Perpetua Resources Corp Stock Price, News & Analysis

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.

Perpetua Resources (PPTA) has announced a webinar scheduled for June 18, 2025, at 9:30 AM MT to discuss their recent financing developments and future plans for the Stibnite Gold Project. The webinar will feature key figures including John Paulson, the company's largest shareholder, Chairman Marcelo Kim, and the executive team. The company recently completed a registered offering and private placement of common shares, and has submitted an application for up to $2 billion in project financing to the Export-Import Bank of the United States in May 2025. CEO Jon Cherry emphasized that with federal permits secured and financing solutions advancing, the company is well-positioned to develop the Stibnite Gold Project.

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.