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News

Perpetua Resources Launches $70M Public Offering To Fund Stibnite Gold Project Development

Author: Benzinga Newsdesk | October 28, 2025 03:13pm

Perpetua Resources Corp. (NASDAQ:PPTA) (TSX:PPTA) ("Perpetua Resources" or the "Company") today announced the launch of a $70 million public offering of common shares, no par value, of the Company (the "Common Shares") in the United States (the "Offering"). Pursuant to the Investor Rights Agreement, dated as of October 28, 2025, between the Company and Agnico Eagle Mines Limited ("Agnico"), Agnico has indicated that it intends to exercise its pro rata participation right with respect to the Offering in a concurrent private placement at the public offering price of the Offering (the "Concurrent Private Placement").

The Company expects to use the net proceeds of the Offering and the Concurrent Private Placement to fund the construction and development of the Stibnite Gold Project (the "Project"), working capital costs in excess of the Project capital costs, continuing exploration and development activities, restoration and reclamation work, and for general corporate purposes.

The Common Shares will be offered by the Company with BMO Capital Markets, National Bank of Canada Capital Markets and RBC Capital Markets acting as joint book-running managers (collectively, the "Underwriters").

In connection with the Offering, an underwriting agreement will be entered into by and between Perpetua Resources and BMO Capital Markets as representative of the several Underwriters.

Posted In: PPTA TSX:PPTA

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