Perpetua Resources(US:PPTA) The Motley Fool·2026-01-01 22:42Core Viewpoint - Anson Funds Management has completely liquidated its stake in Perpetua Resources, selling 2.15 million shares valued at approximately $26.1 million, indicating a shift in risk-reward perception after a significant price increase [1][2]. Company Overview - Perpetua Resources specializes in mineral exploration, focusing on gold, silver, and antimony, with its primary asset being the Stibnite gold project in Idaho [5][8]. - The company operates a resource development model aimed at generating revenue through the discovery and potential extraction of strategic metals, catering to U.S.-based supply chains [8]. Financial Performance - As of the latest report, Perpetua Resources' stock price is $24.21, reflecting a remarkable 129% increase over the past year, significantly outperforming the S&P 500, which has risen about 16% in the same timeframe [3]. - The market capitalization of Perpetua Resources stands at $2.95 billion, with a net income of -$44.29 million over the trailing twelve months [4]. Recent Developments - The stock's surge is attributed to major project milestones at the Stibnite Gold Project, alongside significant capital raised through equity offerings, amounting to hundreds of millions of dollars [6]. - The company is advancing towards a potential construction decision linked to up to $2.0 billion in proposed financing from the U.S. EXIM bank, which is crucial for its strategic growth [6]. Risk Factors - Perpetua Resources remains pre-revenue and capital-intensive, facing challenges related to permitting, financing, and construction timelines, which have increased the complexity and risk profile of the investment [9]. - The stock has exhibited volatility, with a notable 17% decline in less than a month and a 25% drop in October, prompting a reevaluation of investment positions by funds [9].