Perpetua Resources Announces Second Quarter 2025 and Recent Highlights
Perpetua Resources (Nasdaq: PPTA) reported significant progress in Q2 2025 for its Stibnite Gold Project. The company secured its final federal permit from the U.S. Army Corps of Engineers and successfully raised $474 million through equity financing. Perpetua submitted an application to U.S. EXIM for potential project debt financing of up to $2.0 billion.
The company maintained a strong safety record with zero lost time incidents and received validation of its air permit from the Idaho Board of Environmental Quality. Perpetua aims to begin early works construction in fall 2025, with full construction planned for spring 2026. The project will provide the U.S. with domestic antimony supply and develop one of the country's largest open-pit gold mines while restoring a brownfield site.
Perpetua Resources (Nasdaq: PPTA) ha registrato importanti progressi nel secondo trimestre 2025 per il suo Stibnite Gold Project. L'azienda ha ottenuto il permesso federale finale dal U.S. Army Corps of Engineers e ha raccolto con successo $474 milioni tramite finanziamento in equity. Perpetua ha presentato a U.S. EXIM una richiesta per un possibile finanziamento del progetto tramite debito fino a $2,0 miliardi.
La società ha mantenuto un solido record di sicurezza, senza infortuni con assenza dal lavoro, e ha ricevuto la convalida del permesso atmosferico dall'Idaho Board of Environmental Quality. Perpetua prevede di avviare i lavori preliminari in autunno 2025 e la costruzione completa in primavera 2026. Il progetto garantirà agli Stati Uniti una fornitura nazionale di antimonio e svilupperà una delle più grandi miniere d'oro a cielo aperto del paese, recuperando al contempo un'area industriale dismessa (brownfield).
Perpetua Resources (Nasdaq: PPTA) informó avances significativos en el segundo trimestre de 2025 en su Stibnite Gold Project. La compañÃa obtuvo el permiso federal final del U.S. Army Corps of Engineers y logró recaudar con éxito $474 millones mediante financiamiento de capital. Perpetua presentó una solicitud a U.S. EXIM para un posible financiamiento de deuda del proyecto de hasta $2.0 mil millones.
La empresa mantuvo un sólido registro de seguridad, sin incidentes con pérdida de jornada laboral, y obtuvo la validación de su permiso de emisiones por parte del Idaho Board of Environmental Quality. Perpetua tiene previsto iniciar los trabajos preliminares en el otoño de 2025 y la construcción completa en la primavera de 2026. El proyecto proporcionará a EE. UU. suministro nacional de antimonio y desarrollará una de las mayores minas de oro a cielo abierto del paÃs, recuperando a la vez un sitio industrial abandonado (brownfield).
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Perpetua Resources (Nasdaq: PPTA) a annoncé des progrès significatifs au deuxième trimestre 2025 pour son Stibnite Gold Project. La société a obtenu son autorisation fédérale finale du U.S. Army Corps of Engineers et a levé avec succès 474 millions de dollars via un financement en capital. Perpetua a soumis une demande à U.S. EXIM pour un éventuel financement par dette du projet pouvant atteindre 2,0 milliards de dollars.
La société a conservé un solide bilan en matière de sécurité, sans incident entraînant une perte de temps de travail, et a obtenu la validation de son permis atmosphérique par l'Idaho Board of Environmental Quality. Perpetua vise à démarrer les travaux préliminaires à l'automne 2025 et la construction complète au printemps 2026. Le projet offrira aux États-Unis une fourniture nationale d'antimoine et développera l'une des plus grandes mines d'or à ciel ouvert du pays, tout en réhabilitant un site industriel abandonné (brownfield).
Perpetua Resources (Nasdaq: PPTA) meldete im zweiten Quartal 2025 bedeutende Fortschritte bei seinem Stibnite Gold Project. Das Unternehmen sicherte sich die endgültige Bundesgenehmigung vom U.S. Army Corps of Engineers und sammelte erfolgreich $474 Millionen durch Eigenkapitalfinanzierung ein. Perpetua reichte bei U.S. EXIM einen Antrag für eine mögliche Projektfinanzierung in Form von Fremdkapital von bis zu $2,0 Milliarden ein.
Die Gesellschaft wies eine starke Sicherheitsbilanz ohne Arbeitsausfallunfälle auf und erhielt die Bestätigung ihrer Luftemissionsgenehmigung durch das Idaho Board of Environmental Quality. Perpetua plant, die Vorarbeiten im Herbst 2025 zu beginnen und den vollständigen Bau im Frühjahr 2026 zu starten. Das Projekt wird den USA eine heimische Antimonversorgung bieten und eine der größten Tagebauminen des Landes entwickeln, während ein brachliegendes Industrieareal wiederhergestellt wird.
- Successfully raised $474 million through equity financing
- Secured final federal permit (Section 404) for the Stibnite Gold Project
- Applied for potential $2.0 billion debt financing from U.S. EXIM
- Maintained perfect safety record with zero lost time incidents
- Air permit to construct upheld by Idaho Board of Environmental Quality
- Project still requires final state permits before construction can begin
- Financing plan not yet complete, pending royalty/stream arrangement
Insights
Perpetua secured final federal permits, raised $474M, and submitted for $2B debt financing, positioning their critical antimony/gold project for construction.
Perpetua Resources has achieved critical milestones that substantially de-risk their Stibnite Gold Project development timeline. The Section 404 permit issued by the U.S. Army Corps of Engineers represents the final federal permit needed after an eight-year regulatory review process, eliminating a major project hurdle. This regulatory achievement coincides with their successful $474 million equity raise, providing significant capital for initial development activities.
The company's financing strategy appears to be unfolding methodically, with three key components: the completed equity raise, an application to U.S. EXIM for up to
Perpetua's fall 2025 early works construction target now has both regulatory clearance and initial funding support. The Idaho Board of Environmental Quality's rejection of challenges to the air permit further solidifies their regulatory position. With their focus on a domestic source of antimony (classified as a critical mineral by the U.S. government) alongside gold production, the project aligns with strategic resource security interests.
The company's clear articulation of project milestones signals confidence in their development timeline, with full construction sanction targeted for spring 2026 contingent on completing remaining state permits, securing additional financing components, and advancing detailed engineering.
Perpetua Resources' vision is to provide the
Second Quarter 2025 and Recent Highlights:
- Zero lost time incidents or reportable environmental spills.
U.S. Army Corps of Engineers ("USACE" or the "Army Corps") issued the Section 404 permit for the Project.- Submitted formal application to
U.S. EXIM for potential Project debt financing of up to .$2.0 billion - Closed
in gross proceeds from equity financing and subsequently additional gross proceeds of$425 million upon full exercise of an underwriter option, for total aggregate gross proceeds of approximately$49 million .$474 million - Announced plan for comprehensive project financing plan for the Project.
- Published 2024 Sustainability Report, the Company's twelfth annual sustainability report.
- The
Idaho Board of Environmental Quality issued a final order rejecting challenges by certain petitioners to the air permit to construct issued by the Idaho Department of Environmental Quality for the Project and upholding the permit in all respects.
"Perpetua Resources received its final federal permit for the Stibnite Gold Project in the second quarter of 2025, after eight years of rigorous interagency coordination and review," said Jon Cherry, President and CEO of Perpetua Resources. "Following the successful equity offering in June 2025, and with final state permits and authorizations needed to begin construction expected in the fall of 2025, Perpetua is focused on finalizing a potential royalty or stream arrangement with financial assurance guarantees which is expected to be complete this summer, while advancing the US EXIM debt financing."
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
Forward-Looking Information
Investors should be aware that the
Investors should be aware that the Company has not entered into any definitive agreement with respect to a royalty, streaming or guarantee and may not be able to enter into such agreement on the anticipated terms and timeline, or at all. In addition, the outcomes from such agreement, when entered into, may not be sufficient to satisfy the aggregate obligations of the Company to provide construction phase financial assurance under applicable federal and state law prior to commencing construction. Securing the financial assurance does not guarantee the Company will receive the
Investors should be aware that state regulators are not bound by permitting schedules and anticipated timelines may be delayed materially or not be satisfied.
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, our ability to comply with, obtain and defend permits related to the Project; the Company's ability to successfully secure financing from
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SOURCE Perpetua Resources Corp.