Core Viewpoint - Perpetua Resources Corp. has successfully closed a US$325 million public offering and a US$100 million private placement to fund the development of its Stibnite Gold Project, aiming for comprehensive financing to support construction and operational costs [1][3][4]. Financing Details - The public offering consisted of 24,622,000 common shares priced at US$13.20 each, while the private placement involved 7,575,757 common shares sold to Paulson & Co. Inc. [1][9] - The proceeds from both offerings will be used for equity requirements related to a US$2 billion project financing application submitted to the Export-Import Bank of the United States (EXIM) [3][4]. Project Development - The Stibnite Gold Project is projected to require total construction costs of US$2.2 billion, with additional funds allocated for cost overruns, debt service, and exploration activities [4]. - The company is in advanced discussions for a US$155 million guarantee related to reclamation bonds, which is essential for meeting financial assurance requirements [5]. Regulatory and Permitting Status - The company anticipates that securing the necessary financial assurance will enable it to receive the USFS notice to proceed with construction under the approved plan of operation [5]. - The remaining state permits required for construction are expected to be issued in summer 2025 [5]. Underwriters and Additional Offerings - The underwriters have an option to purchase an additional 3,693,300 common shares, which could increase the total gross proceeds of the offering to approximately US$374 million if fully exercised [6]. Company Background - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, with the Stibnite Gold Project being one of the highest-grade open-pit gold deposits in the U.S. [10]. - The project aims to restore an abandoned mine site while producing gold and the only mined source of antimony in the U.S., which is critical for national defense [10].

Core Viewpoint - Augusta Gold Corp. has received a Letter of Interest from the Export-Import Bank of the United States for up to US$50 million in financing to support the development of its Reward Project in Nevada, highlighting the project's significance for domestic mineral production and economic development [1][3]. Financing Details - The non-binding Letter of Interest outlines EXIM's preliminary interest in providing a competitively priced loan with a potential 10-year repayment term, including an interest-only period [2]. - The financing is intended to cover over 50% of the project construction cost, indicating strong support for the Reward Project [3]. Project Overview - The Reward Project is a fully permitted, construction-ready gold project located in Nye County, Nevada, expected to create high-quality jobs and contribute to the U.S. supply chain of critical minerals [3]. - The project aligns with EXIM's policy goals of job creation and export nexus, with potential backing from state and local governments [2]. Future Collaboration - Augusta Gold aims to work closely with EXIM to finalize terms and bring the Reward Project into production, indicating a commitment to advancing the project [4].

BOISE, Idaho, June 11, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or the "Company") announced today that it has entered into an agreement with National Bank of Canada Financial Markets and BMO Capital Markets, on behalf of themselves and a syndicate of underwriters (the "Underwriters") under which the Underwriters have agreed to purchase, on a bought deal basis, 22,728,000 common shares, no par value, of the Company (the "Common Shares") at a price of US$13 ...

Core Viewpoint - Ignitis grupė has secured a EUR 77.5 million project financing agreement for the development of two solar farms in Latvia, aiming to enhance its green energy capacity significantly by 2030 [1][2][3] Group and Industry Summary - The financing agreement was concluded with Swedbank AS (Latvia) and Swedbank AB (Lithuania) for a total loan amount of EUR 77.5 million, to be repaid over 15 years [1][2] - The solar farms, Vārme (94 MW) and Stelpe (145 MW), will have a combined capacity of 239 MW, sufficient to power approximately 96,000 households in Latvia [2] - Total investment for the solar projects, including construction and acquisition costs, is estimated at around EUR 178 million [3] - The Group aims to increase its Green Capacities from 1.4 GW in 2024 to a target range of 4–5 GW by 2030 [3]

Financial Data and Key Metrics Changes - In Q1 2025, the company self-mined 372 Bitcoin, averaging approximately 4 Bitcoin per day, which is a 12% decrease from 423 Bitcoin mined in Q4 2024 [20] - GAAP revenues were flat quarter over quarter at $34.4 million in Q1 2025 compared to $35 million in Q4 2024 [21] - GAAP net loss in Q1 2025 was $61.4 million, compared to a net loss of $29.2 million in Q4 2024 [24] - Non-GAAP adjusted EBITDA for Q1 2025 was negative $4.7 million, down from positive $2.5 million in Q4 2024 [24] Business Line Data and Key Metrics Changes - The self-mining hash rate at the Lake Mariner facility reached 12.2 exahash with fleet efficiency at 18 joules per terahash [8] - The company experienced a temporary spike in power prices, which impacted EBITDA, but operations returned to positive EBITDA in April 2025 [9][20] - The company expects to generate revenue from the Wolf Den facility starting in Q2 2025, with additional facilities expected to go live in Q3 and Q4 2025 [10][11] Market Data and Key Metrics Changes - Power prices increased by 37% from $0.59 per kilowatt hour in Q4 2024 to $0.81 per kilowatt hour in Q1 2025, significantly impacting costs [21] - The company anticipates power pricing to normalize to approximately $0.05 per kilowatt hour for Q2 through Q4 2025 [22] Company Strategy and Development Direction - The company aims to lead at the intersection of energy and compute, focusing on sustainable Bitcoin mining and high-performance compute (HPC) hosting [6][7] - The company is pursuing an additional 250 megawatts of capacity at Lake Mariner, bringing the total to 750 megawatts, with plans for further expansion [13][16] - The integration of Beowulf Electricity and Data is being pursued to streamline operations and eliminate related party disclosures [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for HPC and AI workloads, indicating strong interest from enterprises seeking secure, high-density infrastructure [10][81] - The management team remains optimistic about the company's ability to execute and deliver on its commitments, which is expected to enhance customer confidence and drive future growth [50][96] Other Important Information - The company plans to launch a project financing process for the Core 42 build-out, with early feedback from potential lenders being positive [15][27] - The company has authorized a new $200 million share repurchase program, reflecting confidence in its capital position [27] Q&A Session Summary Question: What are the potential cost savings from the integration of Terawulf and Beowulf? - Management indicated that the integration process is rigorous due to its nature as a related party transaction, and the timeline is dependent on independent board approvals [32][34] Question: What are the expectations for build costs for future sites? - Management guided a range of $6 million to $8 million per megawatt for build costs, with potential adjustments based on design changes and tariff impacts [37][40] Question: What is the outlook for EBITDA margins on future capacity? - Management expects EBITDA margins to be around 75% for the first 72.5 megawatts, with higher incremental margins anticipated as additional capacity is added [52][55] Question: What have been the biggest learnings from working with Core 42? - The partnership with Core 42 has provided valuable insights into design specifications and the importance of collaboration in evolving the business [60][66] Question: Will additional capacity be developed before signing new tenants? - Management indicated that site preparation is ongoing, but significant expansion would not occur without signed agreements [73] Question: What is the near-term demand environment for HPC and AI? - Management noted strong demand for power and interest from hyperscalers and enterprises, emphasizing the importance of quality sites [81][84] Question: How does the company plan to combat elevated global hash rates? - Management acknowledged the challenges posed by rising hash rates but emphasized the efficiency of their operations and the focus on high-value deployments in HPC and AI [86][89]

Core Insights - Osisko Development Corp. reported its financial and operational results for Q1 2025, highlighting significant developments in its Cariboo Gold Project and other initiatives [1][2]. Financial and Operational Highlights - As of March 31, 2025, the company had approximately $77.6 million in cash and cash equivalents, with $35.7 million outstanding under a delayed draw term loan [5]. - The 2025 Feasibility Study (FS) for the Cariboo Gold Project indicates a strong base case with an after-tax NPV at a 5% discount of $943 million and an IRR of 22.1% based on a gold price of $2,400 per ounce [4][10]. - The average annual free cash flow is projected at $158 million, with an average all-in sustaining cost (AISC) of $1,157 per ounce over the life of the mine [4][10]. Project Updates - The Cariboo Gold Project is designed as a low-impact underground operation with an initial capital cost estimated at $881 million and sustaining capital costs of $525 million [10]. - The company is actively pursuing project financing options and aims to commence construction activities in the second half of 2025, targeting project completion by the end of 2027 [10]. - The San Antonio Gold Project is currently under care and maintenance, with plans to re-submit mining permit applications [8]. Upcoming Milestones - Key upcoming milestones include bulk sampling and water management activities scheduled for Q3 and Q4 2025, respectively, with associated costs of $4.1 million and $6.1 million [11]. - The company is also progressing with Phase II regional drilling at the Tintic Project, with expected completion in Q2 2025 [11]. Management Changes - The company appointed Mr. David Rouleau as Vice President of Project Development and Mr. Philip Rabenok as Vice President of Investor Relations during Q1 2025 [5].