Perpetua Resources Announces Second Quarter 2025 and Recent Highlights

Core Viewpoint - Perpetua Resources Corp. is advancing its Stibnite Gold Project, aiming to become a key domestic source of antimony and develop one of the largest gold mines in the U.S. [2][4] Financial Results - The unaudited condensed consolidated financial results for the period ended June 30, 2025, have been filed [1]. Project Development - The company received its final federal permit for the Stibnite Gold Project after eight years of coordination and review [4]. - Early works construction is expected to start in the fall of 2025, with full construction readiness planned for spring 2026 [2][4]. - The project aims to restore an abandoned mine site while producing gold and antimony, which is critical for U.S. defense needs [5]. Financing Efforts - Perpetua Resources closed a gross proceeds equity financing of $425 million, with an additional $49 million from the full exercise of an underwriter option, totaling approximately $474 million [7]. - The company is pursuing a potential royalty or stream arrangement and advancing U.S. EXIM debt financing for up to $2.0 billion [4][7]. Regulatory Approvals - The Idaho Board of Environmental Quality upheld the air permit for the project, rejecting challenges from petitioners [7]. - The U.S. Army Corps of Engineers issued the Section 404 permit for the project [7].