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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.
Parties
Company
Perpetua Resources Corp.
Company
BMO Capital Markets
Deal Type
Public/Private OfferingIndustry
MiningTransaction
$ 442,776,276Deal Status
ClosedClosing Date
16 June 2025