Perpetua Resources Announces Pricing of $71 million Offering of Common Shares and $7 million Concurrent Private Placement

Core Viewpoint - Perpetua Resources Corp. has announced a public offering of 2,938,000 common shares at a price of US$24.25 per share, aiming to raise approximately $71.2 million, with potential additional proceeds from a concurrent private placement with Agnico Eagle Mines Limited [1][2]. Group 1: Offering Details - The gross proceeds from the public offering are expected to be approximately $71.2 million, and if Agnico exercises its participation right fully, total proceeds could reach approximately $78.2 million [2]. - The offering is set to close on or about October 30, 2025, subject to customary conditions [5]. - The common shares will be offered in the United States under an effective shelf registration statement, with BMO Capital Markets, National Bank of Canada Capital Markets, and RBC Capital Markets acting as joint book-running managers [4][6]. Group 2: Use of Proceeds - The net proceeds from the offering and the concurrent private placement will be utilized for the construction and development of the Stibnite Gold Project, working capital costs, ongoing exploration and development activities, restoration and reclamation work, and general corporate purposes [3]. Group 3: Project Overview - The Stibnite Gold Project is recognized as one of the highest-grade open-pit gold deposits in the United States, focusing on responsible mining practices to restore an abandoned mine site while producing gold and antimony, which is critical for U.S. defense needs [9].