Perpetua Board Member Boosts Stake to 54,841 Shares in Director Pay Program

Rhea-AI Filing Summary

Perpetua Resources Corp (NASDAQ: PPTA) director Alexander McLeod Sternhell received 531 Deferred Share Units (DSUs) on June 25, 2025, as compensation for board service during Q2 2025. The DSUs were granted at a reference price of $13.09 per share, based on the closing price of PPTA common shares on June 24, 2025.

Key details of the transaction:

• The DSUs are fully vested upon grant
• Each DSU converts to one common share (or cash equivalent, subject to approval)
• Settlement occurs after the director's separation from service
• Following the transaction, Sternhell beneficially owns 54,841 DSUs
• The DSUs were granted in lieu of a cash retainer for Q2 2025 board service

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sternhell Alexander McLeod

(Last) (First) (Middle)

405 S. 8TH STREET, STE 201

(Street)

BOISE ID 83702

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PERPETUA RESOURCES CORP. [ PPTA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Share Units	(1)	06/25/2025		A		531		(1)	(1)	Common Shares	531	$13.09(2)	54,841	D

Explanation of Responses:

1. A deferred share unit ("DSU") entitles the holder to receive one common share of Perpetua Resources Corp. (the "Issuer") (or, at the election of the holder and subject to the approval of the administrator of the Issuer's Omnibus Equity Incentive Plan, cash equal to the value thereof on the date of settlement) for each DSU. The Reporting Person elected to receive DSUs in lieu of a cash retainer for his service during the second quarter of 2025. The DSUs are fully vested as of the date of grant and will be settled following the reporting person's separation from service.

2. Based on the closing price of the Issuer's Common Shares on the Nasdaq Capital Market on June 24, 2025.

	/s/ Tanya Nelson, as attorney-in-fact for Alexander Sternhell	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Deferred Share Units (DSUs) did PPTA director Alexander Sternhell acquire on June 25, 2025?

Alexander Sternhell acquired 531 Deferred Share Units (DSUs) on June 25, 2025, as compensation in lieu of a cash retainer for his service during the second quarter of 2025.

What was the price of PPTA's DSUs granted to Alexander Sternhell?

The DSUs were valued at $13.09 per unit, based on the closing price of Perpetua Resources Corp.'s Common Shares on the Nasdaq Capital Market on June 24, 2025.

How many PPTA derivative securities does Alexander Sternhell own after the June 25, 2025 transaction?

Following the reported transaction, Alexander Sternhell beneficially owns 54,841 derivative securities (DSUs) of Perpetua Resources Corp. in direct ownership.

When can Alexander Sternhell's PPTA Deferred Share Units be settled?

The DSUs are fully vested as of the grant date and will be settled following Sternhell's separation from service with the company. The DSUs can be settled either in common shares or, subject to administrator approval, in cash equal to their value on the settlement date.