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Perpetua Resources Publishes 2024 Sustainability Report
Prnewswire· 2025-06-26 11:00
BOISE, Idaho, June 26, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") released its 2024 Sustainability Report highlighting the Company's key achievements and progress in advancing its environmental, social and governance ("ESG") goals. The report, which is the Company's 12th annual sustainability report, provides disclosure of ESG topics and aligns with the Sustainability Accounting Standards Board ("SASB") reporting framework fo ...
Perpetua Resources Announces Webinar to Provide Update on Successful Financing and Next Steps to Unlock Value at the Stibnite Gold Project
Prnewswire· 2025-06-16 21:03
BOISE, Idaho, June 16, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") is pleased to announce that following the recent closing of its registered offering (the "Offering") and private placement (the "Private Placement") of common shares, it will host a webinar on Wednesday, June 18, 2025, at 9:30 AM Mountain Time (11:30 AM Eastern Time).The webinar will feature John Paulson, Perpetua Resources' largest shareholder, alongside the C ...
Perpetua Resources Closes US$425 Million Financing as part of Comprehensive Financing Package for Stibnite Gold Project
Prnewswire· 2025-06-16 20:57
BOISE, Idaho, June 16, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today that it has closed its previously announced upsized US$325 million public offering of 24,622,000 common shares, no par value, of the Company (the "Common Shares") at a price of US$13.20 per Common Share (the "Offering"). Concurrently with the closing of the Offering, the Company closed its US$100 million private placement of 7,575,757 Common Sha ...
Perpetua Resources Announces Upsizing of Previously Announced Bought Deal Public Offering of Common Shares
Prnewswire· 2025-06-12 14:17
BOISE, Idaho, June 12, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or the "Company") announced today that as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank of Canada Financial Markets and BMO Capital Markets, on behalf of themselves and a syndicate of underwriters (the "Underwriters") to increase the size of its previously announced bought deal financing. Perpetua Resources will now issue 24,622,000 common sh ...
Perpetua Resources Announces US$300 Million Bought Deal Financing and US$100 Million Private Placement as part of Comprehensive Financing Package for Stibnite Gold Project
Prnewswire· 2025-06-11 20:34
BOISE, Idaho, June 11, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or the "Company") announced today that it has entered into an agreement with National Bank of Canada Financial Markets and BMO Capital Markets, on behalf of themselves and a syndicate of underwriters (the "Underwriters") under which the Underwriters have agreed to purchase, on a bought deal basis, 22,728,000 common shares, no par value, of the Company (the "Common Shares") at a price of US$13 ...
Perpetua Resources Awarded up to $6.9 Million in Defense Funding to Further Advance a Fully Domestic Antimony Trisulfide Supply Chain
Prnewswire· 2025-05-28 11:00
Core Viewpoint - Perpetua Resources Corp. has been awarded additional funding of up to $6.9 million from the U.S. Army to support the development of a domestic supply chain for antimony trisulfide, a critical component for munitions and defense systems [1][2] Funding and Agreements - The new funding builds on a previous award of $15.5 million received in August 2023 under the Ordnance Technology Initiative Agreement (OTIA) [1][2] - The total funding under the OTIA can reach up to $22.4 million, subject to adjustments based on various factors as the program progresses [4] - Perpetua has now received over $80 million in total from the Department of Defense [2] Project Details - The Stibnite Gold Project is expected to supply up to 35% of U.S. antimony demand during its first six years of operations [5] - The project aims to restore American supply chain resilience, create jobs, and address environmental issues at an abandoned mine site [5][10] - Antimony trisulfide is essential for over 300 types of munitions, highlighting the importance of establishing a domestic supply chain [3] Strategic Importance - The partnership with the Department of Defense is part of a broader strategy to secure domestic sources of critical minerals, enhancing national defense capabilities [2][3] - The project aligns with the U.S. Army's "ground-to-round" critical minerals strategy, emphasizing the need for a fully domestic supply chain [2][3]
Perpetua Resources Submits Formal Application to Export-Import Bank of the United States to Finance the Stibnite Gold Project
Prnewswire· 2025-05-23 11:00
Core Viewpoint - Perpetua Resources Corp. has submitted a formal application to the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $2 billion to construct the Stibnite Gold Project, which aims to establish a domestic source of antimony and produce gold [2][3][4]. Group 1: Project Financing and Application - The application amount has increased from $1.8 billion to $2 billion, reflecting a higher estimated number of job-years based on recent financial updates and engineering work [1][3]. - EXIM is expected to conduct standard due diligence on the application, assessing the project's eligibility under relevant initiatives [2][3]. - The financing, if approved, could cover a majority of the project's development costs, enhancing the U.S. competitive position against China in antimony production [5][6]. Group 2: Strategic Importance of the Project - The Stibnite Gold Project is positioned as a national strategic asset for domestic antimony production and is also recognized as a world-class gold asset [4][5]. - The project aims to restore a secure supply of antimony for the U.S., which is critical for national defense, especially after China blocked global antimony exports in 2024 [5][6]. - Perpetua Resources has received a Technology Investment Agreement of $59.2 million in Defense Production Act funding to advance the project [7]. Group 3: Regulatory and Permitting Progress - Perpetua has received its final federal permit, the Clean Water Act Section 404 permit, marking the end of an eight-year federal permitting process [6]. - The company is now focused on obtaining remaining state permits and securing financing to commence construction [6][7].
PPTA Deadline: PPTA Investors Have Opportunity to Lead Perpetua Resources Corp. Securities Fraud Lawsuit
Prnewswire· 2025-05-19 22:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Perpetua Resources Corp. during the specified Class Period of the upcoming lead plaintiff deadline on May 20, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Perpetua securities between April 17, 2024, and February 13, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 20, 2025 [2]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3]. Group 3: Case Specifics - The lawsuit alleges that during the Class Period, Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost factors [4]. - The misleading statements led investors to purchase Perpetua's securities at artificially inflated prices, resulting in damages when the true costs were revealed [4].
Perpetua Resources Receives Final Federal Permit for Stibnite Gold Project
Prnewswire· 2025-05-19 21:00
Core Points - The U.S. Army Corps of Engineers has issued the final federal Clean Water Act Section 404 permit for the Stibnite Gold Project, allowing Perpetua Resources to advance towards construction [1][2] - The project aims to be the only domestic source of antimony, enhancing U.S. national security and providing environmental and community benefits [1][2] - The Stibnite Gold Project is expected to create approximately 550 jobs during operations and produce around 450,000 ounces of gold annually in its first four years [2][3] Project Details - The Stibnite Gold Project is designed to redevelop the historical Stibnite Mining District for gold, silver, and antimony while restoring the environment [3][7] - The project holds approximately 4.8 million ounces of gold reserves and an estimated 148 million pounds of antimony, which could meet about 35% of U.S. antimony demand during its initial six years of production [2][3] - The project has undergone eight years of rigorous permitting, including multiple environmental impact statements, with over 23,000 letters of support received during public comment periods [3][4] Economic and Environmental Impact - The project is expected to bring significant investment to rural Idaho and enhance U.S. mineral security, especially after China cut off global antimony exports [2][4] - Environmental restoration efforts include improving water quality, restoring natural water flow, and increasing wetland acres and quality [5][6] - The project has been recognized as a Transparency Project by the Trump Administration, aimed at bolstering American mineral production [4][6] Company Background - Perpetua Resources Corp. focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, applying a modern and responsible mining approach [7] - The company has received $59.2 million in Defense Production Act funding to advance the project [7] - Perpetua Resources is committed to transparency, environmental stewardship, and community engagement as part of its operational strategy [7]
Lost Money on Perpetua Resources Corp. (PPTA)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-05-19 17:21
Core Viewpoint - A class action securities lawsuit has been filed against Perpetua Resources Corp. due to alleged securities fraud that affected investors between April 17, 2024, and February 13, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Perpetua Resources Corp. misled investors regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [2]. - On February 13, 2025, Perpetua revealed an updated cash flow model indicating additional capital expenses of $952 million, representing a more than 75% increase from initial estimates, which were expected to rise only by 10-20% [2]. - The increased costs were attributed to inflation, indirect costs, higher mining costs, and specific project decisions, such as changing the design of electrical poles from timber to steel [2]. Group 2: Stock Price Impact - Following the announcement of increased capital expenses, Perpetua's stock price dropped significantly from $11.97 per share on February 13, 2025, to $9.29 per share on February 14, 2025, marking a decline of approximately 22.39% in one day [2]. Group 3: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 20, 2025, to request appointment as lead plaintiff in the lawsuit, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 4: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].