Perpetua Resources(US:PPTA) Prnewswire·2025-11-17 12:00Core Insights - Perpetua Resources Corp. aims to provide a domestic source of antimony while developing a significant gold mine in the U.S. [2][5] - The company has initiated construction on the Stibnite Gold Project, marking a key milestone for stakeholders and the state of Idaho [3] - A comprehensive project financing plan is in progress, with expectations for U.S. EXIM debt financing consideration by Spring 2026 [3][7] Financial Highlights - The company reported a successful equity offering in June and July 2025, raising $49 million [7] - A strategic equity investment closed on October 28, 2025, generating $255 million in gross proceeds [7] - A registered equity offering and concurrent private placement on October 30 and 31, 2025, raised an additional $78 million [7] Project Development - The Stibnite Gold Project is recognized as one of the highest-grade open pit gold deposits in the U.S. [5] - The project is designed to restore an abandoned mine site while producing gold and antimony, crucial for U.S. defense needs [5] - Early works construction began on October 21, 2025, following the receipt of financial assurance and the signed Plan of Operations from the U.S. Forest Service [7] Management Changes - Mark Murchison was appointed as Chief Financial Officer effective October 1, 2025, succeeding Jessica Largent [7] - Joe Fazzini was appointed as Vice President of Investor Relations on November 10, 2025 [7]