Perpetua Resources Corp SEC Filings

Perpetua Resources Corp. completed an underwritten public offering of 2,938,000 common shares at $24.25 per share, led by BMO Capital Markets as representative of the underwriters. The company reported net proceeds of approximately $68.4 million from the offering, which closed on October 30, 2025. The sale was conducted off the company’s effective Form S-3 shelf with customary underwriting terms and lock-ups (company for 90 days; directors, executive officers and Paulson for 60 days).

In a concurrent private placement, Agnico Eagle Mines Limited agreed to purchase 280,415 shares at the offering price, with expected net proceeds of approximately $6.8 million. After giving effect to the offering and the concurrent private placement, and giving effect to Agnico’s warrants, Agnico will beneficially own approximately 8.7%. The private placement is expected to close on October 31, 2025 and carries no underwriting discounts or commissions.

Perpetua Resources Corp. is offering 2,938,000 common shares in a primary offering. The issue price is $24.25 per share, implying gross proceeds of $71,246,500, with underwriting discounts of $2,849,860, for expected net proceeds of $68,396,640 before approximately $500,000 in expenses.

The company has applied to list these shares on Nasdaq and TSX under “PPTA.” A concurrent private placement right held by Agnico Eagle could add 280,415 shares for approximately $6.8 million, subject to closing conditions and not contingent to this offering. Perpetua plans to use proceeds to fund construction and development of the Stibnite Gold Project, working capital in excess of project capital costs, exploration, restoration and reclamation, and general corporate purposes. Delivery of shares to underwriters is expected on or about October 30, 2025.

Perpetua Resources (PPTA) closed a US$255 million private placement, issuing 10,944,205 common shares at US$23.30 and warrants to purchase up to 4,053,408 shares with one-, two-, and three-year tranches priced at US$31.46, US$34.95, and US$38.45. The company entered into investor rights agreements with Agnico Eagle and JPMorgan, and agreed to register the resale of the private placement shares and any warrant shares under a registration rights agreement.

Project execution advanced: the company broke ground at the Stibnite Gold Project after posting approximately US$139 million in reclamation surety bonds, an additional ~US$4 million letter of credit, and pursuing a ~US$16 million letter of credit, supported by a financial assurance package requiring at least US$200 million in aggregate collateral. Perpetua also signed a US$131.7 million agreement for a 1,010-person camp and issued an RFP for off-site antimony processing. The company continues to pursue up to US$2.0 billion in potential EXIM debt financing, for which a preliminary, non-binding term sheet was received.

Governance update: Mark Murchison was appointed Chief Financial Officer, succeeding Jessica Largent.

Perpetua Resources (PPTA) filed a preliminary prospectus supplement for a primary offering of common shares under its S-3 shelf. The company plans to use net proceeds to fund construction and development of the Stibnite Gold Project, working capital in excess of project capital costs, exploration, restoration and reclamation, and general corporate purposes.

Perpetua recently broke ground after posting a $139 million reclamation surety bond and a $4 million letter of credit; it is negotiating an additional ~$16 million letter of credit tied to the tailings storage facility’s first-stage dam. The company has a formal EXIM application for up to $2.0 billion and received a preliminary, non-binding indicative term sheet; it currently anticipates EXIM board consideration by the spring of 2026.

On October 28, 2025, Perpetua closed a $255 million private placement at $23.30 per share with Agnico Eagle and JPMorgan, including warrants with potential additional proceeds if exercised. Agnico holds participation rights and has indicated an intention to invest in a concurrent private placement at the public offering price, subject to closing conditions; the public offering is not contingent on that placement.

Perpetua Resources (PPTA) secured construction-phase financial assurance for the Stibnite Gold Project and began early works. The company posted a joint reclamation performance bond with Endurance Assurance in the penal sum of $139,024,637 and will pay an annual premium equal to 1.5% of the penal sum. An indemnity agreement requires Perpetua to maintain at least $200 million in aggregate collateral, cash, and marketable securities and limits estimated reclamation costs associated with actual disturbance above $35 million without surety consent.

As collateral support, The Bank of Nova Scotia issued an irrevocable standby letter of credit for up to $35 million under a credit facility allowing up to $39.5 million in standby letters and guarantees, secured by a $40.5 million cash deposit and carrying a 1% annual fee. Perpetua also posted a $4.2 million letter of credit with the U.S. Army Corps of Engineers for off-site mitigation. Following USFS and IDL notices authorizing construction subject to stated conditions, the company commenced early works on October 21, 2025 and plans to replace current arrangements with other non-cash financial assurance in connection with final project financing.

Insider transaction summary: The President and CEO of Perpetua Resources Corp. (PPTA) reported transactions on 10/06/2025. 50,000 common shares were acquired upon settlement of vested performance share units at no cash cost to the reporting person, and 14,911 common shares were sold in multiple trades at a weighted average price of $23.72 to cover tax withholding. After these transactions the reporting person beneficially owned 36,249 common shares.

The sale prices ranged from $23.63 to $23.87, and the sale was explicitly to cover tax obligations tied to the performance share settlement. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person, who is identified as President and CEO.

Perpetua Resources (PPTA) filed a Rule 144 notice indicating a planned sale of up to 14,911 common shares. The filing lists an aggregate market value of $353,721.49, with the sale expected on or about 10/06/2025 through Morgan Stanley Wealth Management Canada, with shares to be sold on NASDAQ.

The seller acquired the securities via equity compensation, specifically Performance Share Units granted March 14, 2024, with an acquisition date shown as 10/06/2025. A Form 144 is a notice of proposed sale by an affiliate or large holder under SEC rules and does not itself execute a transaction; actual sales can vary based on market conditions and the holder’s decisions.

Mark E. Murchison, Chief Financial Officer of Perpetua Resources Corp. (PPTA), reported equity awards and an immediate acquisition on 10/06/2025. He was granted 12,000 restricted share units (RSUs) that vest in three equal installments of 4,000 RSUs on 10/06/2025, 10/01/2026, and 10/01/2027, and elected or received 4,000 common shares that vested immediately. Following the transactions, he beneficially owns 4,000 common shares and 12,000 RSU equivalents. The RSUs convert one-for-one into common shares (or cash in lieu) subject to the company plan administrator's approval.

Perpetua Resources Corp. (PPTA) Form 3 reports that Mark E. Murchison, serving as Chief Financial Officer, filed an initial beneficial-ownership statement for the 10/01/2025 event. The filing, signed by an attorney-in-fact on 10/06/2025, states no securities are beneficially owned by the reporting person and lists Exhibit 24.1 (Power of Attorney).