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Perpetua Resources closes US$425 million financing as part of comprehensive financing package for Stibnite Gold Project

On June 11, 2025, Perpetua Resources Corp. announced an upsized bought deal public offering of 24,622,000 common shares at a price of US$13.20 per share, for gross proceeds of approximately US$325 million. The offering is part of a comprehensive financing package to fund the development of the company's Stibnite Gold Project in Idaho. In addition, Paulson & Co. Inc. agreed to purchase US$100 million of common shares in a concurrent private placement at the same price. The company intends to use the proceeds from the offering and private placement to meet equity requirements for a pending US$2 billion project financing application with the Export-Import Bank of the United States, as well as to support exploration activities, working capital, and general corporate purposes.

Company

Perpetua Resources Corp.

Law Firm / Organization
Perpetua Resources Corp.
Lawyer(s)

Laurence Bogert

Company

BMO Capital Markets

Law Firm / Organization
BMO Capital Markets
Lawyer(s)

Aimee Colyer

Public/Private Offering
Mining
$ 442,776,276
Closed
16 June 2025