Latest news with #PerpetuaResources
Globe and Mail
9 hours ago
- Business
- Globe and Mail
New Mills, Fresh Capital, And High-Grade Drills Fuel Next Leg Of The Gold Bull Market
Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, July 18, 2025 /CNW/ -- Equity Insider News Commentary – The demand for gold is going up, as central banks are increasingly buying gold from local mines as the price in 2025 continues to make gains. Higher gold prices lead to higher market interest in miners, and according to VanEck analysts, gold is holding firm as junior miners are regaining momentum. Now as retail investors discern the present gold opportunity, explorers and producers making well‑timed progress include Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF), G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), Galiano Gold Inc. (NYSE-American: GAU) (TSX: GAU), and Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA).
Cision Canada
14-07-2025
- Business
- Cision Canada
Perpetua Resources Announces Full Exercise of Option and Additional Proceeds of US$49 Million
BOISE, Idaho, July 14, 2025 /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today that, in connection with the Company's previously announced upsized US$325 million public offering of 24,622,000 common shares at a price to the public of US$13.20 per Common Share (the "Offering") and concurrent $100 million private placement of 7,575,757 Common Shares to Paulson & Co. Inc. (the "Private Placement"), National Bank of Canada Financial Markets and BMO Capital Markets have exercised in full their option (the "Option") to purchase an additional 3,693,300 common shares (the "Common Shares") for aggregate gross proceeds to the Company of approximately US$49 million, which brings the aggregate gross proceeds of the Offering and Private Placement to approximately US$474 million. The Company intends to use the additional proceeds from the exercise of the Option, together with the proceeds of the Offering and the Private Placement, as part of the Company's previously announced comprehensive financing package for the development of the Company's Stibnite Gold Project (the "Project"). No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy Common Shares, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Perpetua Resources and the Stibnite Gold Project Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony trisulfide from Stibnite is the only known domestic reserves of antimony that can meet U.S. defense needs for many small arms, munitions, and missile types. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS OR INFORMATION Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding the anticipated use of proceeds from the exercise of the Option, the Offering and Private Placement; the occurrence of the expected benefits from the anticipated use of proceeds from the Option, the Offering and Private Placement; the amount of potential debt financing available to the Company; the timing and potential outcome of any other discussions with governmental agencies; the anticipated timing of the issuance of certain state permits or a USFS notice to proceed; our ability to fully fund the construction of the Project and related financial assurance obligations; our ability to successfully implement and fund the Project; and the occurrence of the expected benefits from the Project, including providing a domestic source of antimony, national defense benefits, creation of jobs and environmental benefits. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate", "expect", "plan", "likely", "believe", "intend", "forecast", "project", "estimate", "potential", "could", "may", "will", "would" or "should". In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that the Company's proposed financing package will be sufficient to finance permitting, pre-construction and construction of the Project or that the company will be able to secure alternate financing if necessary; that the current exploration, development, environmental and other objectives concerning the Project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner and that permitting and operations costs will not materially increase; and that we will be able to discharge our liabilities as they become due and continue as a going concern. Forward-Looking Information are based on certain material assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among other things, risks related to unforeseen delays in the review and permitting process, including as a result of legal challenges to the ROD or other permits; risks related to opposition to the Project; risks related to increased or unexpected costs in operations or the permitting process; risks that necessary financing will be unavailable when needed on acceptable terms, or at all, as well as those factors discussed in Perpetua Resources' public filings with the SEC and its Canadian disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company's business and liquidity, see the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's filings with the SEC, which are available at and with the Canadian securities regulators, which are available at Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE Perpetua Resources Corp.
Cision Canada
26-06-2025
- Business
- Cision Canada
Perpetua Resources Publishes 2024 Sustainability Report
BOISE, Idaho, June 26, 2025 /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") released its 2024 Sustainability Report highlighting the Company's key achievements and progress in advancing its environmental, social and governance ("ESG") goals. The report, which is the Company's 12th annual sustainability report, provides disclosure of ESG topics and aligns with the Sustainability Accounting Standards Board ("SASB") reporting framework for the Metals and Mining Industry. "This year's sustainability report chronicles a period of significant progress for the Company, guided by our dedication to responsible stewardship and investment in the region we're proud to call home," said Jon Cherry, Perpetua Resources President and CEO. "A highlight of this past year was receiving our Final Environmental Impact Statement ("FEIS") and a Draft Record of Decision ("ROD") in September 2024, followed by receipt of a Final ROD in January 2025. These achievements propel us ever closer to bringing this important project online, allowing us to secure critical minerals for America's national security and provide much-needed environmental reclamation to the historical Stibnite Mining District." 2024 Sustainability Report Highlights: 154 months (12+ years) with no reportable spills 109 months with no lost time incidents 100 percent of employees participated in business integrity and compliance related training Spent $19 million in legacy cleanup activities to improve water quality at site since 2021 Team members spent 1,204 hours serving the community Spent $23.6 million in Idaho in 2024; more than $132 million since 2014 Perpetua Resources' 2024 Sustainability Report provides an in-depth look at the Company's sustainability achievements over the last year, as well as the Company's efforts to provide the U.S. with a domestic source of the critical mineral antimony, develop one of the largest and highest-grade open pit gold mines in the country, and restore an abandoned brownfield site. About Perpetua Resources and the Stibnite Gold Project Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony trisulfide from Stibnite is the only known domestic reserves of antimony that can meet U.S. defense needs for many small arms, munitions, and missile types. FORWARD-LOOKING INFORMATION Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding expected benefits from the Project, including providing a domestic source of antimony, national defense benefits and environmental benefits. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate", "expect", "plan", "likely", "believe", "intend", "forecast", "project", "estimate", "potential", "could", "may", "will", "would" or "should".. Forward-Looking Information in this news release are based on certain material assumptions and involve, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include those factors discussed in Perpetua Resources' public filings with the U.S. Securities and Exchange Commission (the "SEC") and its Canadian disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company's business, see the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's filings with the SEC, including Perpetua's Annual Report on Form 10-K filed with the SEC on March 19, 2025, which are available at and with the Canadian securities regulators, which are available at Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE Perpetua Resources Corp.
Yahoo
19-06-2025
- Business
- Yahoo
Perpetua Resources closes $425m financing to fund Stibnite Gold Project
Perpetua Resources has closed an upsized public offering and a private placement, raising $425m in financing to advance the Stibnite Gold Project in the US. The company announced the closure of its upsized $325m public offering of 24,622,000 common shares at $13.20 each. Concurrently, a $100m private placement of 7,575,757 common shares to Paulson & Co. was also completed. National Bank of Canada Financial Markets and BMO Capital Markets served as the joint lead bookrunning managers for the offering. This financing is in conjunction with an application for up to $2bn in project financing from the Export-Import Bank of the United States (EXIM), submitted in May 2025. The funds will contribute to equity requirements for the EXIM debt financing, with additional funds supporting exploration, working capital and general corporate purposes. The due diligence on the EXIM application is ongoing, with the debt financing's closure anticipated in 2026. If successful, the financing will cover the project's construction costs of $2.2bn, along with additional funds for cost overruns, debt service and working capital. Furthermore, Perpetua is in advanced discussions regarding financial assurances for reclamation bonds. The company is seeking a $155m guarantee and indemnification, alongside proceeds of $200m–250m, in exchange for a gold net smelter return royalty or a gold stream. This arrangement is expected to be finalised in summer 2025 and will enable the company to meet financial assurance conditions for federal and state permits. Additionally, the underwriters have been granted an option to purchase up to an additional 3,693,300 common shares, which could increase the aggregate gross proceeds of the offering to approximately $374m if exercised in full. "Perpetua Resources closes $425m financing to fund Stibnite Gold Project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
17-06-2025
- Business
- The Market Online
Perpetua closes upsized $425M financing to advance Stibnite Gold Project
Perpetua Resources (TSX:PPTA) has closed its upsized public offering of 24,622,000 common shares, raising gross proceeds of approximately US$325 million At the same time, the company completed a US$100 million private placement of 7,575,757 common shares to Paulson & Co. Inc., a long-standing strategic investor Perpetua intends to use the proceeds from both the public offering and the private placement to support the development of its flagship Stibnite Gold Project in Idaho Perpetua Resources stock (TSX:PPTA) last traded at C$2.41 Perpetua Resources (TSX:PPTA) has successfully closed its upsized public offering of 24,622,000 common shares, raising gross proceeds of approximately US$325 million at a price of US$13.20 per share. At the same time, the company completed a US$100 million private placement of 7,575,757 common shares to Paulson & Co. Inc., a long-standing strategic investor. The public offering was led by National Bank of Canada Financial Markets and BMO Capital Markets as joint lead bookrunning managers. RBC Capital Markets and Cantor Fitzgerald & Co. served as joint bookrunning managers, with B. Riley Securities, CIBC Capital Markets, H.C. Wainwright & Co., Roth Capital Partners, and Scotiabank acting as co-managers. Perpetua intends to use the proceeds from both the public offering and the private placement to support the development of its flagship Stibnite Gold Project in Idaho. The funds will contribute toward equity requirements for a previously announced application for up to US$2 billion in project financing from the Export-Import Bank of the United States (EXIM), submitted in May 2025. Additional proceeds will be allocated to exploration, working capital, and general corporate purposes. In a media statement, the company noted that EXIM's due diligence process is ongoing, with a potential debt financing close anticipated in 2026. If successful, the combined equity and debt financing, along with a proposed royalty or streaming agreement, is expected to fully fund the estimated US$2.2 billion construction cost of the Stibnite Gold Project. Perpetua is also in advanced negotiations to secure a US$155 million guarantee and indemnification to meet reclamation bonding requirements. In exchange, the company is considering issuing a gold net smelter return (NSR) royalty of up to 3.9% or a gold stream, with potential buyback provisions. This financial assurance is expected to satisfy federal and state permitting conditions and enable construction to begin later in 2025. The underwriters have also been granted a 30-day option to purchase up to an additional 3,693,300 common shares, which could increase the gross proceeds of the offering to approximately US$374 million if fully exercised. Perpetua Resources explores, restores and redevelops gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho. Perpetua Resources stock (TSX:PPTA) last traded at C$2.41 and has risen 14.65 per cent since the year began and has also grown 86.94 per cent since time last year. Join the discussion: Find out what investors are saying about this gold and antimony stock on the Perpetua Resources Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
