Perpetua Resources Announces Full Exercise of Option and Additional Proceeds of US$49 Million

Core Viewpoint - Perpetua Resources Corp. has successfully completed a public offering and private placement, raising approximately US$474 million to fund the development of its Stibnite Gold Project [1][2]. Group 1: Financial Details - The company announced a US$325 million public offering of 24,622,000 common shares at a price of US$13.20 per share [1]. - A concurrent private placement of 7,575,757 common shares raised an additional US$100 million [1]. - The exercise of an option by National Bank of Canada Financial Markets and BMO Capital Markets resulted in the purchase of an additional 3,693,300 common shares, generating approximately US$49 million [1]. Group 2: Project Overview - The Stibnite Gold Project is located in central Idaho and is recognized as one of the highest-grade open pit gold deposits in the United States [4]. - The project aims to restore an abandoned mine site while producing gold and the only mined source of antimony in the U.S., which is critical for national defense [4].