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PERPETUA RESOURCES (PPTA)

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Research analysts covering PERPETUA RESOURCES.

Recent press releases and 8-K filings for PPTA.

Perpetua Resources Corp. Enters Engineering and Construction Management Agreement for Stibnite Gold Project
PPTA
New Projects/Investments
  • Perpetua Resources Idaho, Inc., a wholly-owned subsidiary of Perpetua Resources Corp., entered into an engineering, procurement, and construction management (EPCM) services agreement with Hatch Ltd. on December 18, 2025, for its Stibnite Gold Project.
  • The agreement's scope includes design, engineering, procurement, construction management, testing, studies, and related services for defined portions of the Project, such as the process plan and pressure oxidation facility.
  • The anticipated Control Budget for the defined scope is estimated to range between $200 million and $220 million, based on current assumptions, though this is a preliminary estimate and not a guaranteed maximum price.
  • The final scope will be finalized in February 2026, and the EPCM Baseline Schedule is expected to be established by June 1, 2026.
  • Perpetua Resources Corp. is pursuing financing for the Project from the Export-Import Bank of the United States (EXIM), with closing anticipated in 2026.
1 day ago
Perpetua Resources Selects Hatch as EPCM for Stibnite Gold Project
PPTA
New Projects/Investments
  • Perpetua Resources Corp. has selected Hatch Ltd. as the Engineering, Procurement, and Construction Management (EPCM) contractor for its Stibnite Gold Project (SGP).
  • This selection marks a significant milestone in the project's transition from planning to development, with a final investment decision expected in the spring of 2026.
  • Hatch will also make a $4 million equity investment in Perpetua Resources, involving the issue of 138,696 common shares at $28.84 per share.
  • The Stibnite Gold Project is considered strategically important as it is the only known domestic reserve of antimony capable of meeting U.S. defense requirements.
8 days ago
Perpetua Resources Partners with Idaho National Laboratory for Critical Mineral Pilot Plant
PPTA
New Projects/Investments
  • Perpetua Resources Corp. (PPTA) has partnered with the Idaho National Laboratory (INL) to host, commission, and operate a flexible, modular pilot processing plant.
  • This plant is intended to demonstrate the feasibility of producing high-quality, military specification antimony trisulfide using material from Perpetua's Stibnite Gold Project, which holds the only identified reserve of antimony in America.
  • The initiative is part of a broader partnership with the U.S. Army via the Defense Ordnance Technology Consortium (DOTC), with Perpetua receiving an additional $6.9 million in DOTC funding in May 2025, bringing total DOTC awards to $22.4 million.
  • Perpetua expects to supply up to 35 percent of U.S. antimony demand during its first six years of operations, aiming to establish a fully domestic antimony trisulfide supply chain.
Dec 9, 2025, 12:00 PM
Perpetua Resources Strengthens Leadership Team Amid Stibnite Gold Project Advancement
PPTA
Management Change
New Projects/Investments
Hiring
  • Perpetua Resources announced key additions to its leadership team on December 5, 2025, including Jim Norine as Senior Vice President Projects, Tim Kahl as Senior Vice President Technical Services, Dustin Rissmiller as Vice President Human Resources, and Joe Fazzini as Vice President Investor Relations.
  • These appointments are made as the company continues Early Works construction of the Stibnite Gold Project, with a final investment decision anticipated in the spring of 2026.
  • The Stibnite Gold Project aims to be one of the highest-grade, open pit gold deposits in the United States and the only mined source of antimony in the country.
  • Michael Wright, Vice President of Projects, resigned on December 3, 2025, but will provide continuing Project development support through early March 2026.
Dec 5, 2025, 12:00 PM
Perpetua Resources Announces Q3 2025 Results and Stibnite Gold Project Milestones
PPTA
Earnings
New Projects/Investments
CFO Change
  • Perpetua Resources announced its unaudited condensed consolidated financial results for the period ended September 30, 2025, and highlighted recent progress on the Stibnite Gold Project.
  • The company broke ground on the Stibnite Gold Project on October 21, 2025, which is designed to produce gold and the only mined source of antimony in the United States for defense needs.
  • Perpetua secured substantial funding, including $49 million in gross proceeds from an equity offering in July 2025, $255 million in gross proceeds from a strategic equity investment in October 2025, and $78 million in gross proceeds from another equity offering in late October 2025.
  • Progress was made on a $2.0 billion debt financing application with U.S. EXIM, with a Preliminary Project Letter and Indicative Term Sheet received on September 8, 2025, and board consideration anticipated by Spring 2026.
  • Mark Murchison was appointed as Chief Financial Officer, effective October 1, 2025.
Nov 17, 2025, 12:00 PM
NevGold Reports Positive Phase II Antimony Metallurgical Testwork Results
PPTA
New Projects/Investments
  • NevGold Corp. announced positive Phase II antimony acid leaching results at its oxide gold-antimony Limousine Butte Project in Nevada.
  • The testwork showed antimony recovery rates ranging up to 92% across antimony grades from 0.1% Sb to 8.5% Sb. For example, a 0.13% Sb sample achieved up to 85% recovery, and a 4.67% Sb sample achieved up to 92% recovery.
  • Acid leaching is being reviewed as the preferred metallurgical process, aiming to produce antimony metal on-site through a conventional leaching scenario, thereby eliminating reliance on downstream processing at third-party smelters.
  • The antimony recovery process demonstrated minimal to no impact on gold recoveries in a potential combined gold-antimony mine scenario.
  • The company's drill program is ongoing with 13 holes completed, focused on advancing the Limousine Butte Project to a gold-antimony Mineral Resource Estimate.
Nov 5, 2025, 12:00 PM
Perpetua Resources Corp. announces common share offering and private placement
PPTA
  • Perpetua Resources Corp. entered into an underwriting agreement on October 28, 2025, to issue and sell 2,938,000 common shares at an offering price of $24.25 per share.
  • Additionally, Agnico Eagle Mines Limited intends to purchase 280,415 common shares in a private placement.
  • The company, its directors, and executive officers have agreed to lock-up periods of 90 days and 60 days, respectively, following the prospectus supplement date.
  • The common shares are registered on a Form S-3 registration statement and will be listed on the Nasdaq Capital Market and conditionally approved for listing on the TSX.
Oct 30, 2025, 9:00 PM
Perpetua Resources Announces Pricing of Common Share Offering and Private Placement
PPTA
New Projects/Investments
  • Perpetua Resources Corp. announced the pricing of a public offering of 2,938,000 common shares at US$24.25 per share, which is expected to generate approximately $71.2 million in gross proceeds.
  • Agnico Eagle Mines Limited intends to exercise its pro rata participation right in a concurrent private placement, potentially resulting in the issuance of an additional 288,200 common shares for $7.0 million in proceeds, bringing the total gross proceeds to approximately $78.2 million if fully exercised.
  • The net proceeds from the offering and concurrent private placement are intended to fund the construction and development of the Stibnite Gold Project, working capital, exploration, restoration, reclamation work, and general corporate purposes.
  • The offering is expected to close on or about October 30, 2025.
Oct 28, 2025, 11:59 PM
Perpetua Resources Corp. Completes $255 Million Private Placement to Fund Stibnite Gold Project
PPTA
New Projects/Investments
Legal Proceedings
  • Perpetua Resources Corp. completed a private placement on October 28, 2025, raising US$255 million through the sale of 10,944,205 common shares at US$23.30 per share and warrants to purchase an additional 4,053,408 common shares.
  • The placement involved Agnico Eagle Mines Limited and JPMorgan Chase Funding Inc., who will own approximately 8.6% and 3.68% of the outstanding common shares, respectively, on a partially-diluted basis.
  • Proceeds from the private placement are intended for the development of the Stibnite Gold Project, exploration activities, working capital, and general corporate purposes.
  • The company broke ground on the Stibnite Gold Project on October 21, 2025, but still requires significant additional funding, as the total initial capital cost was estimated at approximately $2,215 million as of December 31, 2024.
  • The Stibnite Gold Project faces ongoing legal challenges and potential delays due to a prolonged U.S. federal government shutdown, which could impact the company's EXIM loan application.
Oct 28, 2025, 9:28 PM
Perpetua Resources Announces $70 Million Common Share Offering
PPTA
New Projects/Investments
  • Perpetua Resources Corp. announced a $70 million public offering of common shares on October 28, 2025.
  • Agnico Eagle Mines Limited intends to exercise its pro rata participation right in a concurrent private placement at the public offering price.
  • The net proceeds from the offering and concurrent private placement are expected to fund the construction and development of the Stibnite Gold Project, working capital, exploration, restoration, reclamation, and general corporate purposes.
  • BMO Capital Markets, National Bank of Canada Capital Markets, and RBC Capital Markets are acting as joint book-running managers for the offering.
Oct 28, 2025, 8:10 PM