Perpetua Resources Secures Significant Funding with Full Option Exercise
Portland, OR – July 14, 2025 – Perpetua Resources Corp. (Nasdaq: PPTA, TSX: PPTA) today announced the successful full exercise of its previously announced option, a move that will inject an additional US$49 million into the company. This significant financial infusion marks a pivotal moment for Perpetua Resources as it continues its strategic development, particularly concerning its Stibnite Project located in Idaho.
The option exercise, which was fully subscribed by existing investors, demonstrates strong confidence in the company’s vision and the future potential of its flagship asset. The proceeds are earmarked to further advance Perpetua Resources’ operational and developmental objectives, reinforcing its commitment to sustainable mining practices and the responsible production of critical minerals.
“We are delighted with the overwhelming support shown by our investors, culminating in the full exercise of this option,” stated [Insert Name and Title of a Perpetua Resources executive, e.g., Nelson M. Knight, Chief Financial Officer]. “This additional capital provides us with crucial resources to accelerate our progress at Stibnite. It underscores the market’s belief in our project’s unique ability to supply essential materials vital for national security and the green energy transition, while adhering to the highest environmental and social standards.”
The Stibnite Project is recognized for its potential to become a significant domestic source of antimony and gold. Antimony, in particular, is classified as a critical mineral by the U.S. government and plays an essential role in various high-tech applications, including advanced battery technology, flame retardants, and semiconductors. The project’s development is also anticipated to bring substantial economic benefits to the local region and the state of Idaho.
With this substantial new funding, Perpetua Resources is well-positioned to continue its work on key initiatives, including advancing its permitting processes, conducting further engineering studies, and preparing for future construction phases. The company remains dedicated to a transparent and collaborative approach with stakeholders, including local communities, regulatory bodies, and Indigenous groups, as it moves forward.
This announcement reflects a positive trajectory for Perpetua Resources, highlighting its robust financial health and its strategic importance in the growing market for critical minerals. The company is poised to make a meaningful contribution to the domestic supply chain and advance its mission of developing a world-class, environmentally responsible mining operation.
Perpetua Resources Announces Full Exercise of Option and Additional Proceeds of US$49 Million
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