Perpetua Resources Announces $70 Million Offering of Common Shares

Core Viewpoint - Perpetua Resources Corp. has announced a public offering of $70 million in common shares to fund the Stibnite Gold Project and other corporate activities [1][2]. Group 1: Offering Details - The public offering consists of $70 million in common shares, with Agnico Eagle Mines Limited indicating its intention to participate in a concurrent private placement [1]. - The net proceeds from the offering will be used for the construction and development of the Stibnite Gold Project, working capital, exploration activities, and general corporate purposes [2]. - The offering will be managed by BMO Capital Markets, National Bank of Canada Capital Markets, and RBC Capital Markets as joint book-running managers [3]. Group 2: Regulatory and Legal Aspects - The offering is being conducted under the Company's effective shelf registration statement on Form S-3, and will comply with the Securities Act of 1933 [4]. - The concurrent private placement is subject to customary closing conditions but is not contingent upon the public offering [5]. Group 3: Company and Project Overview - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of Idaho, with the Stibnite Gold Project being a high-grade open pit gold deposit [6]. - The project aims to restore an abandoned mine site and produce gold and antimony, which is critical for U.S. defense needs [6].