Press Releases

2021, 2022 Guest User 2021, 2022 Guest User

Perpetua Resources Strengthens Board with Appointment of Laura Dove

Perpetua Resources Corp. announced the appointment of Laura Dove to the Company’s Board of Directors effective immediately.


 Extensive public affairs and government relations expertise further enhances the Board’s broad experience and gender diversity.

Appointment further strengthens Perpetua’s ability to support America’s critical mineral supply chains.

BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or “Perpetua” or the “Company”) announced the appointment of Laura Dove to the Company’s Board of Directors effective immediately.

Laura Dove brings three decades of external affairs and stakeholder management experience to Perpetua. Ms. Dove most recently served as Senior Director of the Ford Motor Company where she led federal government relations, focused on the car maker’s move to electrification and helping Ford promote a robust critical minerals supply chain policy. She also served as Chair of the Executive Committee of the Alliance for Automotive Innovation and as the Washington representative for the Business Roundtable, U.S. Chamber of Commerce and National Association of Manufacturers. Prior to her role with Ford, Ms. Dove served as Secretary for the Majority of the U.S. Senate for seven years. Ms. Dove holds a Master’s degree in English from the University of Virginia and a Bachelor of Arts  degree in English and Music from the University of North Carolina, Chapel Hill.

“I am excited to welcome Laura to Perpetua’s Board at a time when our nation’s critical mineral supply chain is particularly at risk,” said Marcelo Kim, Chairman of Perpetua Resources. “Laura brings unique perspectives and relevant experience which will further help Perpetua establish itself as having one of America’s most important critical mineral projects and a world class gold project. These complementary economic drivers for our project reinforce one another, which I believe makes the project a more durable resource for U.S. economic and national security.”

Perpetua’s vision is to develop one of the highest-grade open pit gold mines in the U.S., provide the country with a critical mineral required for national security and clean energy while restoring an abandoned mine site. As a publicly traded company, Perpetua Resources is dedicated the highest corporate governance practices. The Company is also committed to building and maintaining a culture of  diversity, equity and inclusion from the top down, beginning with its Board of Directors. With the appointment of Ms. Dove, Perpetua’s Board has over 20% female representation and the Perpetua team has achieved over 40% gender diversity with over 65% female senior leadership.

“From the beginning, Perpetua has been focused on being part of the solution,” said Ms. Dove. “I am thrilled to be part of a modern mining team that prioritizes community partnerships and has designed a project intended to leave the environment better than when they found it. Perpetua is uniquely positioned to play a crucial role in mitigating our nation’s critical mineral supply chain risks and I am excited to join the Board.”

For further information about Perpetua Resources Corp., please contact:

Chris Fogg

Investor Relations Manager

chris.fogg@perpetuacorp.us

Info@perpetuacorp.us

Mckinsey Lyon

Vice President External Affairs

media@perpetua.us

Website: www.perpetuaresources.com

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a US-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Forward-Looking Information

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, disclosure regarding possible events, next steps and courses of action including plans with respect to the Stibnite Gold Project and the success of such project. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate",  “expect” “plan”, “likely”, “believe”, “intend”, “forecast”, “project”, “estimate”, "potential", "could", "may", "will", "would" or “should”. Forward-Looking Information in this news release are based on certain material assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include those factors discussed in Perpetua Resources' public filings with the U.S. Securities and Exchange Commission (the “SEC”) and its Canadian disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company’s business, see the “Risk Factors” section of the Company’s filings with the SEC, which are available at www.sec.gov and with the Canadian securities regulators, which are available at www.sedar.com. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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2021, 2022 Guest User 2021, 2022 Guest User

Perpetua Resources Promotes Jessica Largent to Chief Financial Officer

Perpetua Resources Corp. announced today that Jessica Largent will be appointed Chief Financial Officer effective April 1, 2022. Ms. Largent will replace Chris Foster who has served as Chief Financial Officer on a contract basis since March 2021.


Perpetua team further strengthened by hiring of Chris Fogg

BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or “Perpetua” or the “Company”) announced today that Jessica Largent will be appointed Chief Financial Officer effective April 1, 2022. Ms. Largent will replace Chris Foster who has served as Chief Financial Officer on a contract basis since March 2021.

Ms. Largent joined the Perpetua team in February 2021 as Vice President, Finance and Investor Relations and has been instrumental in leading the finance team through a number of recent milestones including listing the Company’s shares on the NASDAQ stock exchange and successfully completing a $57.5 million public equity offering in August 2021 to ensure Perpetua is well capitalized as it advances the Stibnite Gold Project through the final stages of the permitting process. Under Ms. Largent’s leadership, Perpetua entered into a supply agreement to provide a portion of antimony production from the Stibnite Gold Project to Ambri Inc., establishing the foundation to help facilitate the decarbonization of energy grids in the U.S. and around the world.

“I am excited about Jessica’s promotion to Chief Financial Officer,” said Laurel Sayer, President and Chief Executive Officer of Perpetua Resources. “Jessica has a wealth of industry knowledge and her experience and proven success will continue to strengthen our diverse leadership team. She will be a valuable contributor as we advance Perpetua’s vision to redevelop and restore an abandoned mine site while providing critical minerals our nation needs.”

Ms. Largent held finance leadership roles at Newmont, Turquoise Hill Resources and Rio Tinto prior to joining Perpetua Resources. She has more than 15 years of mining industry experience in financial reporting, accounting, strategic planning and investor relations.

Perpetua Resources is also pleased to welcome Chris Fogg as Manager of Investor Relations. Mr. Fogg joined the Company March 1, 2022 and will lead Perpetua’s investor relations function following the promotion of Ms. Largent to Chief Financial Officer. Chris will be responsible alongside Ms. Largent for the investor relations strategy to ensure Perpetua’s investment thesis is well understood by the market. Mr. Fogg brings over seven years of gold industry experience in investor relations, capital markets and mergers & acquisitions, and was most recently at Newmont.

For further information about Perpetua Resources Corp., please contact:

Chris Fogg

Investor Relations Manager

chris.fogg@perpetuacorp.us

Info@perpetuacorp.us

Mckinsey Lyon

Vice President External Affairs

media@perpetua.us
Website: www.perpetuaresources.com

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a US-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition.  In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Forward-Looking Information

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, disclosure regarding possible events, next steps and courses of action including plans with respect to the Stibnite Gold Project and the success of such project. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate",  “expect” “plan”, “likely”, “believe”, “intend”, “forecast”, “project”, “estimate”, "potential", "could", "may", "will", "would" or “should”. Forward-Looking Information in this news release are based on certain material assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include those factors discussed in Perpetua Resources' public filings with the U.S. Securities and Exchange Commission (the “SEC”) and its Canadian disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company’s business, see the “Risk Factors” section of the Company’s filings with the SEC, which are available at www.sec.gov and with the Canadian securities regulators, which are available at www.sedar.com. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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2021, 2022 Natalie Podgorski 2021, 2022 Natalie Podgorski

Perpetua Resources Supports Congressional Call to Action on U.S. Critical Mineral Production

Perpetua Resources strongly supports the Idaho Congressional Delegation’s united call for domestic critical mineral production including the timely completion of permitting reviews necessary for development of Idaho’s critical mineral resources which will bolster our Nation’s economic independence and security amid geopolitical instability and unprecedented supply chain disruptions.


Idaho Congressional Delegation calls for timely permitting for critical mineral projects in response to Russia’s invasion of Ukraine and America’s overreliance on foreign adversaries.

More than 75% of antimony production controlled by China and Russia.

Stibnite Gold Project is designed to restore an abandoned mine site while responsibly producing gold and the only domestically mined source of antimony, essential for clean energy and defense materials.

BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or “Perpetua” or the “Company”) strongly supports the Idaho Congressional Delegation’s united call for domestic critical mineral production including the timely completion of permitting reviews necessary for development of Idaho’s critical mineral resources which will bolster our Nation’s economic independence and security amid geopolitical instability and unprecedented supply chain disruptions.

 In floor remarks delivered this week, Senators Mike Crapo and Jim Risch along with Congressmen Mike Simpson and Russ Fulcher resolutely called for action on critical mineral supply chains and pointed to the need to advance proposed projects that would tap into Idaho’s vast antimony and cobalt resources. Perpetua Resources’ Stibnite Gold Project has one of the world’s largest resources of antimony not controlled by China or Russia and could provide the only domestically mined source of a critical mineral deemed essential for clean energy battery storage technology and the Nation’s defense needs. 

“While we need to take strong actions on Russia, the reality is that we source many of our raw minerals from them. As we tighten our grip on their financial system and exports, we must prioritize domestic sourcing and reduce our reliance on countries like Russia and China,” said the Idaho delegation. “The time is now for this Administration to take real action to prioritize a strong domestic supply chain for these essential minerals. We do not want to compromise any of our environmental or other standards. We are simply calling on the Administration to prioritize the timely completion of the permits for currently proposed projects so we may take back control of a fundamental piece of many of our essential industries: critical minerals production.”

“The need for responsible domestic mining to secure our economic, defense, and energy future is not lost on the people of Idaho or the American people,” said Laurel Sayer, President & CEO of Perpetua Resources. “Perpetua is fortunate to have a congressional delegation that recognizes a safe, reliable, and responsible supply chain starts right here at home and supports the growing bipartisan unity to encourage domestic mineral production. Our vision at Perpetua Resources has always been to restore an abandoned mine site while producing the critical resources our Country needs for a more secure and sustainable future. Now, more than ever, turning this vision into reality is vital for our Nation’s success. As we enter the later stages of permitting, we are confident that the robust review process has created improved project outcomes while also prioritizing community and stakeholder transparency.”

Critical Project for the American Future

The Stibnite Gold Project in central Idaho is designed to restore environmental conditions at a legacy mine site while responsibly developing one of the highest-grade, open pit gold resources in the United States and becoming the only domestically mined source of the critical mineral antimony.   

With key applications in energy and defense technology, securing a domestic supply of antimony is more important than ever. Antimony is a key component for grid storage battery technology and Perpetua is uniquely positioned to play a vital role in the decarbonization of the world through its supply agreement with Ambri. Vital to defense materials, antimony was listed by the Department of Defense as a shortfall material in the 100-Day Supply Chain Review Report (June 2021). 

The U.S. Geological Survey recently reported that foreign reliance is growing, with China, Russia and Tajikistan controlling 90% of the world supply of antimony and no domestically mined sources (USGS, 2022 Mineral Commodity Summary). 

For further information about Perpetua Resources Corp., please contact:

Jessica Largent

Vice President Investor Relations and Finance

jessica.largent@perpetuacorp.us Info@perpetuacorp.us

Mckinsey Lyon

Vice President External Affairs

media@perpetua.us
Website: www.perpetuaresources.com

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest- grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a US-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Forward-Looking Information

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, disclosure regarding possible events, next steps and courses of action including actions to be taken by the USFS, the State of Idaho, the  U.S. Federal government and other government agencies and regulatory bodies; plans with respect to the Stibnite Gold Project and the success of such project; and  our and Ambri, Inc.’s ability to perform under the supply agreement, which agreement is subject to certain conditions, including identification of one or more refiners to transform our antimony concentrate into antimony metal, and mutual agreement on certain material terms, including volume and pricing. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate",  “expect” “plan”, “likely”, “believe”, “intend”, “forecast”, “project”, “estimate”, "potential", "could", "may", "will", "would" or “should”. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that the current exploration, development, environmental and other objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner and that permitting and operations costs will not materially increase.  Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may result in unforeseen results in the permitting process; uncertainty surrounding input to be received from regulators and community stakeholders; risks related to unforeseen delays in the review process; risks related to opposition to the Project; risks related to increased or unexpected costs in operations or the permitting process; risks that estimates used in budgeting and financial statements may prove to be incorrect; risks related to the outcome of litigation and potential for delay of the Project, as well as those factors discussed in Perpetua Resources' public filings with the U.S. Securities and Exchange Commission (the “SEC”) and its [Canadian disclosure record]. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company’s business, see the “Risk Factors” section of the Company’s filings with the SEC, which are available at www.sec.gov and with the Canadian securities regulators, which are available at www.sedar.com. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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2021, 2022 Natalie Podgorski 2021, 2022 Natalie Podgorski

Perpetua Resources Achieves Critical Milestones As Permitting Continues to Progress

Perpetua Resources announced today that the Company expects the United States Forest Service (“USFS”) to publish a Supplemental Draft Environmental Impact Statement for public review and comment in early Q3 2022.


Supplemental Draft Environmental Impact Statement publication anticipated in early Q3 2022.

Amidst heightened geopolitical tensions, new US Government report indicates U.S. foreign reliance on China and Russia for critical mineral antimony continues to grow.

The Stibnite Gold Project is designed to responsibly source gold and the only domestically mined source of antimony, essential for clean energy and defense supply chains.

BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or “Perpetua” or the “Company”) announced today that the Company expects the United States Forest Service (“USFS”) to publish a Supplemental Draft Environmental Impact Statement (“SDEIS” or “Supplemental DEIS”) for public review and comment in early Q3 2022.

Supplemental DEIS Progress

During the last 18 months, the USFS and cooperating agencies have performed an extensive review of Perpetua’s refined proposed action. In this time, the USFS has made substantial progress in analyzing the project refinements and preparing chapters of the preliminary SDEIS for interagency review. Perpetua anticipates the preliminary SDEIS will be circulated for cooperating agency review in Q2 2022 with a public release of the SDEIS to follow shortly thereafter.

In support of the USFS’s preparation of the Supplemental DEIS, Perpetua has responded to more than 850 comments and numerous requests for additional information, including additional water modeling, sensitivity analyses, fisheries modeling, and habitat analysis. The USFS has also nearly completed all of the 17 specialist reports for cooperating agency review. Perpetua is confident that the additional evaluation contained within the SDEIS will directly address issues raised during the public review of the 2020 Draft Environmental Impact Statement (“DEIS”) and believes the additional analysis and detailed review will lead to the USFS designating a preferred alternative in the SDEIS.

“For over a year, the Perpetua team has worked diligently with regulators to incorporate public feedback into our proposed project design,” said Laurel Sayer, President and CEO of Perpetua Resources. “We are eager to show how our improvements are designed to leave water quality and overall habitat in this historic mining district in better shape than they are in today while also responsibly producing the mineral and metals critical for our national interests. We anticipate the hard work and commitment to a thorough and transparent process will pay dividends as our project advances.”

The comprehensive scientific analysis by the USFS and cooperating agencies, combined with the additional public review of the SDEIS, fortify the rigorous process mandated by the National Environmental Policy Act ("NEPA"). The USFS is expected to provide a formal schedule update later this year and Pepertua remains committed to supporting a thorough and efficient NEPA process by the USFS.

Critical Project for the American Future

The Stibnite Gold Project in central Idaho is designed to restore environmental conditions at a legacy mine site while responsibly developing one of the highest-grade, open pit gold resources in the United States and becoming the only domestically mined source of the critical mineral antimony.

As a strategic defense mineral and a key component for grid storage battery technology, securing a domestic supply of antimony is more important than ever. The U.S. Geological Survey recently reported that foreign reliance is growing, with China, Russia and Tajikistan controlling 90% of the world supply of antimony and no domestically mined sources (USGS, 2022 Mineral Commodity Summary).

“Responsible mining is the first link in a more resilient and secure supply chain,” said Laurel Sayer, President and CEO of Perpetua Resources. “We are taking actions to ensure the environmental and social outcomes of the Stibnite Gold Project meet the demand for a responsible source of antimony to secure our nation’s defense and energy supply chains.”

For further information about Perpetua Resources Corp., please contact:

Jessica Largent

Vice President Investor Relations and Finance

jessica.largent@perpetuacorp.us Info@perpetuacorp.us

Mckinsey Lyon

Vice President External Affairs

media@perpetua.us
Website: www.perpetuaresources.com

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest- grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a US-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Forward-Looking Information

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, disclosure regarding possible events, next steps and courses of action including actions to be taken by the USFS, the State of Idaho and other government agencies and regulatory bodies; plans with respect to the issuance of an SDEIS; the consideration of difference access routes; the anticipated timing for release of the SDEIS, FEIS, draft ROD and final ROD; predictions regarding improvements to water quality and other environmental conditions at the site; reduction of the Project footprint and the anticipated benefits and other effects thereof; disclosure regarding our funding capacity and requirements for additional capital; our and Ambri, Inc.’s ability to perform under the supply agreement, which agreement is subject to certain conditions, including identification of one or more refiners to transform our antimony concentrate into antimony metal, and mutual agreement on certain material terms, including volume and pricing. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate", “expect” “plan”, “likely”, “believe”, “intend”, “forecast”, “project”, “estimate”, "potential", "could", "may", "will", "would" or “should”. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that the current exploration, development, environmental and other objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner and that permitting and operations costs will not materially increase; that the review process under the NEPA (including any joint review process involving the USFS, the State of Idaho and other agencies and regulatory bodies) as well as the public review process and SDEIS will proceed in a timely manner and as expected; and that all requisite information will be available in a timely manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may result in unforeseen results in the permitting process; uncertainty surrounding input to be received from regulators and community stakeholders; risks related to dependence on key personnel; risks related to unforeseen delays in the review process including availability of personnel from the USFS, State of Idaho and other stated, federal and local agencies and regulatory bodies (including, but not limited to, future US government shutdowns); risks related to opposition to the Project; risks related to increased or unexpected costs in operations or the permitting process; risks that estimates used in budgeting and financial statements may prove to be incorrect; risks related to the outcome of litigation and potential for delay of the Project, as well as those factors discussed in Perpetua Resources' public disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company’s business, see the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s filings with the SEC, are available at www.sec.gov and with the Canadian securities regulators, which are available at www.sedar.com. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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2021 Natalie Podgorski 2021 Natalie Podgorski

Perpetua Resources Announces Appointment of PricewaterhouseCoopers as Auditors

Perpetua announced it has changed its auditor from Deloitte LLP to PricewaterhouseCoopers LLP, following a thorough and competitive review process.


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) today announced that, following a thorough and competitive review process, it has changed its auditor from Deloitte LLP (the “Former Auditor”) to PricewaterhouseCoopers LLP (the “Successor Auditor”). The Successor Auditor will conduct a US GAAP audit of the Company’s annual financial statements for the 2021 financial year in connection with Perpetua transitioning to a U.S. Domestic Issuer. Copies of the Notice of Change of Auditor and letters from the Former Auditor and Successor Auditor have been filed on SEDAR.

"We are pleased to announce PricewaterhouseCoopers LLP as a reputable partner as we transition to a U.S. Domestic Issuer and continue advancing our strategy to focus the Company’s business in the U.S. We would like to thank the Canadian Deloitte team for their expertise and guidance over the last ten years," said Laurel Sayer, President and CEO of Perpetua Resources.

The Company confirms there have been no modified opinions in the Former Auditor's reports for the two most recently completed financial years or for any period subsequent to the most recently completed period for which an audit report was issued and preceding November 15, 2021; the Company's Board of Directors and Audit Committee each approved the resignation of the Former Auditor and the appointment of the Successor Auditor in place of the Former Auditor; there were no reportable events (as defined in National Instrument 51-102, Continuous Disclosure Obligations) in connection with each of the Former Auditor's audits of the Company; and the Notice of Change of Auditor was approved by the Company's Board of Directors.

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PERPETUA RESOURCES TO PRESENT AT UPCOMING CONFERENCES


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) announced today that Laurel Sayer, President and CEO, will present at upcoming industry conferences. Perpetua Resources is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho.  Perpetua’s vision is to develop and operate one of the highest-grade open pit gold mines in the U.S.; provide the country with a critical mineral to power batteries that enable the low-carbon energy transition; and restore an abandoned brownfield site.

Perpetua is participating in the following upcoming conferences:

  • Precious Metals Summit Beaver Creek to be held in Beaver Creek, Colorado from September 8th to 11th, 2021. Perpetua Resources is scheduled to present on Thursday, September 9th, 2021 at 9:30 am MDT.

  • Gold Forum Americas Explorer and Developers Forum to be held in Colorado Springs, Colorado from September 12th to 15th, 2021. Perpetua Resources is scheduled to present on Monday, September 13th, 2021 at 11:40 am MDT.

  • H.C. Wainwright 23rd Annual Global Investment Conference to be held virtually from September 13th to 15th, 2021

The presentations will be available on the “Webinars” section of the Company’s website here.

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 Idaho that are encompassed by the Stibnite Gold Project.  The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a US-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition.  In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Forward-Looking Information 

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, disclosure regarding possible events, next steps and courses of action including the plans to supply a portion of the expected antimony production from the Stibnite Gold Project to Ambri; and the anticipated benefits of the foregoing. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as “anticipates”, “complete”, “expected”, “ensure”, and “potential”, in relation to certain actions, events or results “could”, “may”, “will”, “would”, be achieved. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that the parties will agree upon mutually acceptable volume and pricing terms; and that general business and economic conditions will not change in a materially adverse manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may result in unforeseen results in the permitting process; risks related to dependence on key personnel; the risk that the parties may not come to final agreement upon volume, pricing and/or other terms or conditions necessary in order to complete the supply of antimony produced from the Stibnite Gold Project to Ambri on mutually acceptable terms; risks of either party being unable to fulfill the terms of the Agreement by virtue of delays and/or other hindrances to reaching production on the part of Perpetua Resources and/or commercialization on the part of Ambri, as applicable; risks related to opposition to the Project; risks related to the outcome of litigation and potential for delay of the Project, as well as those factors discussed in Perpetua Resources’ public disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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2021 Stoltz 2021 Stoltz

PERPETUA RESOURCES ANNOUNCES FULL EXERCISE OF OVER-ALLOTMENT OPTION


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) is pleased to announce that, in connection with the Company’s previously announced underwritten marketed public offering of common shares (the “Offering”), B. Riley Securities, Inc. and Cantor Fitzgerald Canada Corporation (together, the “Underwriters”) have exercised in full the over-allotment option (the “Over-Allotment Option”) to purchase an additional 1,428,572 common shares at a price of US$5.25 per common share. The sale of these additional common shares was completed today for aggregate gross proceeds to the Company of approximately US$7.5 million, which brings the aggregate gross proceeds of the Offering to approximately US$57.5 million.

The Company expects to use the net proceeds of the Offering and the exercise of the Over-Allotment Option to continue permitting, early restoration and field operations, engineering and design at the Stibnite Gold Project and for general corporate purposes.

No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

Cautionary Statement Regarding Forward-Looking STATEMENTS OR INFORMATION

Certain statements contained in this news release constitute forward-looking statements or “forward-looking information” within the meaning of applicable Canadian and United States securities laws (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, information and statements regarding plans to supply a portion of the expected antimony production from the Stibnite Gold Project to Ambri Inc. and the anticipated use of proceeds from the Offering.

Forward-looking statements are neither historical facts nor assurances of future performance, instead they reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the impact of COVID-19 on the business of the Company; the regulatory regime governing the business of the Company; the operations of the Company; the growth of the Company’s business; the integration of technology; and the impact of litigation on the Company.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performances or achievements to be materially different from any future results, predictions, projections, forecasts, performances or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks related to the Company’s business and financial position; fluctuations in the market price of the company’s common shares; that the Company may not be able to accurately predict its rate of growth and profitability; the risk that the parties may not come to final agreement upon volume, pricing and/or other terms or conditions necessary in order to complete the supply of antimony produced from the Stibnite Gold Project to Ambri Inc. on mutually acceptable terms; risks of either party being unable to fulfill the terms of the supply agreement with Ambri Inc. by virtue of delays and/or other hindrances to reaching production on the part of Perpetua Resources and/or commercialization on the part of Ambri Inc., as applicable; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; and other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant and those factors discussed in greater detail under the “Risk Factors” section of the Prospectus Supplement of the Company dated August 13, 2021 and our Annual Information Form dated March 15, 2021 for the year ended December 31, 2020, each available under the Company’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and should be considered carefully by prospective investors.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

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 Idaho that are encompassed by the Stibnite Gold Project.  The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri Inc., a U.S.-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition.  In addition to the Company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

For further information about Perpetua Resources Corp., please contact:
Jessica Largent
Vice President Investor Relations and Finance
jessica.largent@perpetuacorp.us
Info@perpetuacorp.us

Mckinsey Lyon
Vice President External Affairs
media@perpetua.us

Website: www.perpetuaresources.com

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2021 Stoltz 2021 Stoltz

PERPETUA RESOURCES ANNOUNCES CLOSING OF US$50 MILLION PUBLIC OFFERING


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) today announced the completion of its previously announced underwritten marketed public offering in the United States and Canada.  The Company has issued 9,523,810 common shares at a price to the public of US$5.25 per share for gross proceeds of US$50 million in connection with the offering (the “Offering”), which was led by B. Riley Securities, Inc. and Cantor Fitzgerald Canada Corporation, each acting as joint book-running managers. The Company has granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,428,572 common shares.

The Company expects to use the net proceeds of the Offering to continue permitting, early restoration and field operations, engineering and design at the Stibnite Gold Project and for general corporate purposes.

Paulson & Co. Inc. (“Paulson”) purchased 3,835,810 common shares as part of the Offering to maintain its pro rata interest of 40.276% of outstanding common shares, pursuant to Paulson’s contractual participation right under the amended and restated investor rights agreement dated March 17, 2020, among Paulson, Idaho Gold Resources Company, LLC (a subsidiary of Perpetua Resources) and the Company. By virtue of the participation of Paulson, an insider of the Company, the Offering constituted a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) thereunder.

In connection with the Offering, Perpetua Resources filed a prospectus supplement dated August 13, 2021 to its base shelf prospectus dated April 1, 2021 to offer securities in each of the provinces of Canada, except Quebec. The base shelf prospectus was filed with, and declared effective by, the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 under the U.S.-Canada multijurisdictional disclosure system. A U.S. version of the prospectus supplement has also been filed with the SEC. The Offering is being made in Canada only by means of the base shelf prospectus and prospectus supplement and in the United States only by means of the registration statement on Form F-10. Such documents contain important information about the Offering. Prospective investors should read the base shelf prospectus and the prospectus supplement and the registration statement on Form F-10 before making an investment decision.

Copies of the base shelf prospectus and the prospectus supplement can be found on SEDAR at www.sedar.com, and a copy of the registration statement and U.S. prospectus supplement can be found on EDGAR at www.sec.gov. Copies of such documents may also be obtained by contacting the Company or any of the following sources: B. Riley Securities, Inc. at (703) 312-9580 or by emailing prospectuses@brileyfin.com, Cantor Fitzgerald Canada Corporation in Canada, by emailing ecmcanada@cantor.com, or Cantor Fitzgerald & Co. in the U.S., by emailing prospectus@cantor.com.   

No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

Cautionary Statement Regarding Forward-Looking STATEMENTS OR INFORMATION

Certain statements contained in this news release constitute forward-looking statements or “forward-looking information” within the meaning of applicable Canadian and United States securities laws (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, information and statements regarding: including plans to supply a portion of the expected antimony production from the Stibnite Gold Project to Ambri Inc.; and the anticipated use of proceeds from the Offering.

Forward-looking statements are neither historical facts nor assurances of future performance, instead they reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: there being sufficient investor demand for the Offering; economic and market conditions being conducive to the Offering on the timeline currently anticipated; the impact of COVID-19 on the business of the Company; the regulatory regime governing the business of the Company; the operations of the Company; the growth of the Company’s business; the integration of technology; and the impact of litigation on the Company.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performances or achievements to be materially different from any future results, predictions, projections, forecasts, performances or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks related to the Company’s business and financial position; fluctuations in the market price of the company’s common shares; that the Company may not be able to accurately predict its rate of growth and profitability; the risk that the parties may not come to final agreement upon volume, pricing and/or other terms or conditions necessary in order to complete the supply of antimony produced from the Stibnite Gold Project to Ambri Inc. on mutually acceptable terms; risks of either party being unable to fulfill the terms of the Agreement by virtue of delays and/or other hindrances to reaching production on the part of Perpetua Resources and/or commercialization on the part of Ambri Inc., as applicable; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; and other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant and those factors discussed in greater detail under the “Risk Factors” section of the Preliminary Prospectus Supplement and our Annual Information Form dated March 15, 2021 for the year ended December 31, 2020, each available under the Company’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and should be considered carefully by prospective investors.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

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 Idaho that are encompassed by the Stibnite Gold Project.  The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri Inc., a U.S.-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition.  In addition to the Company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

For further information about Perpetua Resources Corp., please contact:
Jessica Largent
Vice President Investor Relations and Finance
jessica.largent@perpetuacorp.us
Info@perpetuacorp.us

Mckinsey Lyon
Vice President External Affairs
media@perpetua.us

Website: www.perpetuaresources.com

Read More
2021 Stoltz 2021 Stoltz

PERPETUA RESOURCES ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON SHARES


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) today announced the pricing of its previously announced underwritten marketed public offering in the United States and Canada of 9,523,810 common shares at a price to the public of US$5.25 per share (the “Offering”). All of the shares to be sold in the Offering are to be sold by Perpetua Resources.

In addition, Perpetua Resources has granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,428,572 common shares representing up to 15% of the number of common shares to be sold pursuant to the Offering, to cover the underwriters’ over-allocation position, if any, and for market stabilization purposes. The gross proceeds to Perpetua Resources from the Offering, before deducting the underwriting commissions and other Offering expenses, will be approximately US$50 million.

The Company expects to use the net proceeds of the Offering to continue permitting, early restoration and field operations, engineering and design at the Stibnite Gold Project and for general corporate purposes.

B. Riley Securities, Inc. and Cantor Fitzgerald Canada Corporation are acting as joint book-running managers for the Offering.

In connection with the Offering, Perpetua Resources has filed a preliminary prospectus supplement dated August 12, 2021 (the “Preliminary Prospectus Supplement”) to its base shelf prospectus dated April 1, 2021 (the “Base Shelf Prospectus”) to offer securities in each of the provinces of Canada, except Quebec. The Base Shelf Prospectus was filed with, and declared effective by, the U.S. Securities and Exchange Commission (“SEC”) as part of a registration statement on Form F-10 under the U.S.-Canada multijurisdictional disclosure system (MJDS). A U.S. version of the Preliminary Prospectus Supplement has also been filed with the SEC (the “U.S. Preliminary Prospectus Supplement”). The Offering is being made in Canada only by means of the Base Shelf Prospectus and Preliminary Prospectus Supplement and in the United States only by means of the registration statement on Form F-10. Such documents contain important information about the Offering. Prospective investors should read the Base Shelf Prospectus and the Preliminary Prospectus Supplement as well as the Base Shelf Prospectus and U.S. Preliminary Prospectus Supplement before making an investment decision.

The Offering is expected to close on or about August 17, 2021. Closing of the Offering will be subject to a number of customary conditions, including the listing of the Common Shares issued as part of the Offering on Nasdaq and the TSX, and the receipt of all necessary approvals, including any required Nasdaq and TSX approvals. There can be no assurance as to whether or when the Offering will be completed.

Copies of the Base Shelf Prospectus and the Preliminary Prospectus Supplement can be found on SEDAR at www.sedar.com, and a copy of the Registration Statement and the U.S. Preliminary Prospectus Supplement can be found on EDGAR at www.sec.gov. Copies of such documents may also be obtained by contacting the Company or any of the following sources: B. Riley Securities, Inc. at (703) 312-9580 or by emailing prospectuses@brileyfin.com, Cantor Fitzgerald Canada Corporation in Canada, by emailing ecmcanada@cantor.com, or Cantor Fitzgerald & Co. in the U.S., by emailing prospectus@cantor.com.

No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

Cautionary Statement Regarding Forward-Looking STATEMENTS OR INFORMATION

Certain statements contained in this news release constitute forward-looking statements or “forward-looking information” within the meaning of applicable Canadian and United States securities laws (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, information and statements regarding: the conduct of the Offering; obtaining required approvals from the Nasdaq and the TSX; the granting of the Underwriters’ over-allotment option; and the anticipated use of proceeds from the Offering.

Forward-looking statements are neither historical facts nor assurances of future performance, instead they reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: there being sufficient investor demand for the Offering; economic and market conditions being conducive to the Offering on the timeline currently anticipated; the impact of COVID-19 on the business of the Company; the regulatory regime governing the business of the Company; the operations of the Company; the growth of the Company’s business; the integration of technology; and the impact of litigation on the Company.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performances or achievements to be materially different from any future results, predictions, projections, forecasts, performances or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks related to the Company’s business and financial position; fluctuations in the market price of the Common Shares; that the Company may not be able to accurately predict its rate of growth and profitability; risks related to the COVID-19 pandemic and its impact on the Company, economic conditions, and global markets; the failure of the Company and/or the Underwriters to satisfy closing conditions to the Offering; the failure of the Company to satisfy certain Nasdaq and/or TSX listing requirements; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; and other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant and those factors discussed in greater detail under the “Risk Factors” section of the Preliminary Prospectus Supplement and our Annual Information Form dated March 15, 2021 for the year ended December 31, 2020, each available under the Company’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and should be considered carefully by prospective investors.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

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 Idaho that are encompassed by the Stibnite Gold Project.  The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a U.S.-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition.  In addition to the Company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

For further information about Perpetua Resources Corp., please contact:
Jessica Largent
Vice President Investor Relations and Finance
jessica.largent@perpetuacorp.us
Info@perpetuacorp.us

Mckinsey Lyon
Vice President External Affairs
media@perpetua.us

Website: www.perpetuaresources.com

Read More
2021 Stoltz 2021 Stoltz

PERPETUA RESOURCES ANNOUNCES PUBLIC OFFERING OF COMMON SHARES


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) today announced the launch of a marketed public offering of Perpetua Resources common shares (the “Common Shares”) in the United States and Canada (the “Offering”).

The Common Shares will be offered by the Company in an underwritten public offering with B. Riley Securities, Inc. and Cantor Fitzgerald Canada Corporation (collectively, the “Underwriters”) acting as joint book-running managers.  The Offering is subject to market and other conditions and the total price and size will be determined upon the signing of the underwriting agreement (the “Underwriting Agreement”).

Perpetua Resources will grant the Underwriters an over-allotment option, exercisable for a period of 30 days from the date of the Underwriting Agreement, to purchase up to an additional 15% of the total number of Common Shares to be sold pursuant to the Offering.

The Company expects to use the net proceeds of the Offering to continue permitting, early restoration and field operations, engineering and design at the Stibnite Gold Project and for general corporate purposes.

In connection with the Offering, Perpetua Resources will file a preliminary prospectus supplement (the “Preliminary Prospectus Supplement”) to its base shelf prospectus dated April 1, 2021 (the “Base Shelf Prospectus”) to offer securities in each of the provinces of Canada, except Quebec. The Base Shelf Prospectus was filed with, and declared effective by, the U.S. Securities and Exchange Commission (“SEC”) as part of a registration statement on Form F-10 under the U.S.-Canada multijurisdictional disclosure system (MJDS). A U.S. version of the Preliminary Prospectus Supplement will also be filed with the SEC (the “U.S. Preliminary Prospectus Supplement”). The Offering will be made in Canada only by means of the Base Shelf Prospectus and Preliminary Prospectus Supplement and in the United States only by means of the Base Shelf Prospectus and the U.S. Preliminary Prospectus Supplement. Such documents contain important information about the Offering. Prospective investors should read the Base Shelf Prospectus and the Preliminary Prospectus Supplement as well as the Base Shelf Prospectus and U.S. Preliminary Prospectus Supplement before making an investment decision.

Closing of the Offering will be subject to a number of customary conditions, including the signing of the Underwriting Agreement, the listing of the Common Shares issued as part of the Offering on Nasdaq and the TSX, and the receipt of all necessary approvals, including any required Nasdaq and TSX approvals. There can be no assurance as to whether or when the Offering will be completed.

Copies of the Base Shelf Prospectus, when filed, and the Preliminary Prospectus Supplement can be found on SEDAR at www.sedar.com, and a copy of the Registration Statement and, when filed, the U.S. Preliminary Prospectus Supplement can be found on EDGAR at www.sec.gov. Copies of such documents may also be obtained by contacting the Company or any of the following sources: B. Riley Securities, Inc. at (703) 312-9580 or by emailing prospectuses@brileyfin.com, Cantor Fitzgerald Canada Corporation in Canada, by emailing ecmcanada@cantor.com, or Cantor Fitzgerald & Co. in the U.S., by emailing prospectus@cantor.com.

No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS OR INFORMATION

Certain statements contained in this news release constitute forward-looking statements or “forward-looking information” within the meaning of applicable Canadian and United States securities laws (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, information and statements regarding: the conduct of the Offering; obtaining required approvals from the Nasdaq and the TSX; the granting of the Underwriters’ over-allotment option; and the anticipated use of proceeds from the Offering.

Forward-looking statements are neither historical facts nor assurances of future performance, instead they reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: there being sufficient investor demand for the Offering; economic and market conditions being conducive to the Offering on the timeline currently anticipated; the impact of COVID-19 on the business of the Company; the regulatory regime governing the business of the Company; the operations of the Company; the growth of the Company’s business; the integration of technology; and the impact of litigation on the Company.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performances or achievements to be materially different from any future results, predictions, projections, forecasts, performances or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks related to the Company’s business and financial position; fluctuations in the market price of the Common Shares; that the Company may not be able to accurately predict its rate of growth and profitability; risks related to the COVID-19 pandemic and its impact on the Company, economic conditions, and global markets; the failure of the Company and/or the Underwriters to satisfy closing conditions to the Offering; the failure of the Company to satisfy certain Nasdaq and/or TSX listing requirements; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; and other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant and those factors discussed in greater detail under the “Risk Factors” section of the Preliminary Prospectus Supplement and our Annual Information Form dated March 15, 2021 for the year ended December 31, 2020, each available under the Company’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and should be considered carefully by prospective investors.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

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 Idaho that are encompassed by the Stibnite Gold Project.  The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a U.S.-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition.  In addition to the Company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

For further information about Perpetua Resources Corp., please contact:

Jessica Largent
Vice President Investor Relations and Finance
jessica.largent@perpetuacorp.us
Info@perpetuacorp.us

Mckinsey Lyon
Vice President External Affairs
media@perpetua.us

Website: www.perpetuaresources.com

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PERPETUA ANNOUNCES ANTIMONY SUPPLY AGREEMENT FOR AMBRI BATTERY PRODUCTION


Perpetua’s Antimony Will Power Ambri’s Low-Cost Battery for Long-Duration, Daily Cycling Energy Storage

Committed Amount Sufficient to Generate Over 13 Gigawatt Hours of Storage, Equivalent to Over 8x the Size of the Entire US Energy Storage Market in 2020  

Solidifies Perpetua’s Standing as a Leading ESG-Focused Mining Company Enabling the Green Energy Transition & Restoring the Environment

BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) has entered into an agreement (the “Agreement”) to supply a portion of antimony production from the Stibnite Gold Project to Ambri Inc. (“Ambri”), establishing the foundation to help facilitate the decarbonization of energy grids in the U.S. and around the world.  Perpetua’s Stibnite Gold Project, located in central Idaho, will provide Ambri with antimony from the only responsible and domestically mined source of the critical mineral in the U.S.

Ambri, a U.S. company, has developed an antimony-based, low-cost liquid metal battery for the stationary, long-duration, daily cycling energy storage market.  Ambri batteries combine technological innovation with commercial applications for low-cost, long lifespan and safe energy storage systems that will increase the overall contribution from renewable sources to help enable the transition to green, carbon-free power grids.

“This agreement is a meaningful step in support of the current administration’s goal of achieving 100% clean electricity in the U.S., while prioritizing the domestic manufacturing of battery technology,” said Laurel Sayer, CEO of Perpetua Resources. “Perpetua continues to show how a modern mining company can not only be an essential part of the clean energy value chain, but also be key to the solution to the world’s climate challenges.” 

The signing of the Agreement coincides with Ambri’s announcement that it secured $144 million in new financing led by Reliance New Energy Solar Ltd. (a wholly owned subsidiary of Reliance Industries Limited), Paulson & Co. Inc., Bill Gates, Fortistar and Goehring & Rozencwajg Associates.  Additionally, Reliance has been chosen as Ambri’s joint venture partner for battery development in India as part of its broader plans to invest $10 billion to develop the Dhirubhai Ambani Green Energy Giga Complex.  The capital raise will be used to accelerate the commercialization of Ambri’s leading liquid metal battery and build a domestic manufacturing facility to fundamentally change the way power grids operate.

“We are pleased to announce our partnership with Perpetua, which helps Ambri scale production of its leading battery technology” said Dan Leff, Executive Chairman of Ambri. “Ambri is well positioned to become the lowest cost producer of energy storage batteries, a critical building block enabling the transition to an entirely renewable power grid.  Ambri recognizes the strategic importance of antimony as a leading metal in the green energy transformation and supports the responsible production of critical metals, especially within the United States.”

The Agreement contains certain standard commercial terms which contain options for treatment, refining, transport, and tolling charges.  The minimum commitment of Perpetua’s antimony production for Ambri’s battery manufacturing is expected to power over 13 Gigawatt hours of battery capacity, which is equivalent to over 8 times the total additions to the entire U.S. energy storage market in 2020.

The Agreement contains a provision for fixed pricing and higher volumes that can be mutually agreed to by both parties.  Perpetua and Ambri will also collaborate to identify opportunities to lower carbon emissions in their respective operations with the use of renewable energy combined with battery storage.

“Today’s agreement directly links the redevelopment of the Stibnite Gold Project – and the restoration of the site - to a new battery manufacturing partner that is poised to play a critical role in reducing carbon emissions,” said Sayer. “Our partnership with Ambri significantly increases the strategic and long-term value of our project and breathes further life into our guiding ESG principles.”

Perpetua continues to engage with other potential end users of antimony and will provide updates as they become available.

For further information about Perpetua Resources Corp., please contact:

Jessica Largent
Vice President Investor Relations and Finance
jessica.largent@perpetuacorp.us
Info@perpetuacorp.us

Mckinsey Lyon
Vice President External Affairs
media@perpetua.us

Website: www.perpetuaresources.com

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 Idaho that are encompassed by the Stibnite Gold Project.  The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a US-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition.  In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

About Ambri

Ambri Inc. has developed and is commercializing a new, long-duration battery technology that will enable widespread use of renewable energy sources, reduce electricity costs, and enable power systems to operate more reliably and efficiently. The liquid metal battery project began at MIT in the lab of Professor Donald Sadoway, and the company was formed in 2010 when the project achieved significant technical breakthroughs.

Forward-Looking Information 

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, disclosure regarding possible events, next steps and courses of action including the plans to supply a portion of the expected antimony production from the Stibnite Gold Project to Ambri; and the anticipated benefits of the foregoing. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as “anticipates”, “complete”, “expected”, “ensure”, and “potential”, in relation to certain actions, events or results “could”, “may”, “will”, “would”, be achieved. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that the parties will agree upon mutually acceptable volume and pricing terms; and that general business and economic conditions will not change in a materially adverse manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may result in unforeseen results in the permitting process; risks related to dependence on key personnel; the risk that the parties may not come to final agreement upon volume, pricing and/or other terms or conditions necessary in order to complete the supply of antimony produced from the Stibnite Gold Project to Ambri on mutually acceptable terms; risks of either party being unable to fulfill the terms of the Agreement by virtue of delays and/or other hindrances to reaching production on the part of Perpetua Resources and/or commercialization on the part of Ambri, as applicable; risks related to opposition to the Project; risks related to the outcome of litigation and potential for delay of the Project, as well as those factors discussed in Perpetua Resources’ public disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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U.S. FOREST SERVICE ADVANCES PERPETUA RESOURCES’ PROPOSED ACTION, ELIMINATING ALTERNATIVES, WITH SCHEDULE UPDATE FOR TARGETED NEPA COMPLETION


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (Perpetua Resources) today announced that the United States Forest Service (USFS) is advancing Perpetua Resources’ modified proposed action in the National Environmental Policy Act (NEPA) process and updated the permitting schedule for the Stibnite Gold Project (the Project).

The Project is designed to use responsible mining to develop a world-class gold mine, restore an abandoned mine site, provide the United States with the only domestic source of the critical mineral antimony and contribute to the economic success of Idaho. Perpetua Resources’ modified proposed action was submitted to USFS in December 2020 as the “Modified Plan of Restoration and Operations 2” (ModPRO2) and represents refinements to Alternative 2 of the August 2020 Draft Environmental Impact Statement (DEIS). The refined plan incorporates stakeholder feedback on the DEIS and is designed to reduce the project footprint and improve environmental outcomes. Modifications include the elimination of waste rock storage areas, overall reductions in mined material, additional pit backfilling and restoration, and improvements to water quality and water temperature. The USFS’s decision advances Perpetua Resources’ improved and preferred Project design in the NEPA process and sets the Project on a clear path to a final permitting decision.

Importantly, the USFS will focus on Perpetua Resources’ ModPRO2 and the two identified access routes for the remainder of the NEPA process, eliminating DEIS Alternatives 1 and 3 from further consideration. In order to ensure a full analysis of the refined Project, the USFS plans to issue a targeted Supplemental Draft Environmental Impact Statement (SDEIS) and provide the public and cooperating agencies the opportunity to review and comment on the additional analysis.

“We are pleased the USFS is advancing our proposed action forward and establishing a well-defined path towards a Record of Decision,” said Laurel Sayer, President & CEO of Perpetua Resources. “These actions expressly integrate public input and additional analysis in the process, reduce the Project’s environmental effects, and enhance our restoration and community objectives.”

Perpetua Resources is confident that the additional analysis in the SDEIS will demonstrate the advantages of ModPRO2 and looks forward to continued engagement with the USFS and all relevant stakeholders as the NEPA process is finalized. The Project schedule update includes that the SDEIS will be released in Q1 2022, a Final Environmental Impact Statement (FEIS) and draft Record of Decision will be published in Q4 2022, and a final Record of Decision will be issued in the first half of 2023.

The NEPA process is intended to ensure that federal agencies are informed of a proposed action’s potential environmental impacts before making final decisions regarding the action. The rigorous scientific analysis during the preparation of the DEIS and the comments from the public and cooperating agencies provided during the extended 75-day public comment period brought forward concepts that could improve the environmental outcomes of the Project. Perpetua Resources listened to this feedback, evaluated the feasibility and potential benefits of these concepts, and submitted modifications of the proposed plan (Alternative 2 in the DEIS) to the USFS. The proposed improvements, which reduce the Project footprint and are predicted to improve water quality conditions at the site during and after Project operations, have been incorporated in Perpetua Resources’ 2020 Feasibility Study. These refinements will now be analyzed further in the SDEIS.

“It was important to Perpetua Resources that we listen and act upon feedback provided by community members, tribes, environmental groups and cooperating agencies,” said Sayer. “Incorporating their ideas and additional refinements into the proposed action results in a better Project, is the most efficient way to bring the Project to life longer-term and is the right thing to do for all stakeholders.”

Growing bipartisan support for and the White House’s recent recognition of the importance of responsible domestic production of critical minerals to our national and economic security and green energy transition, signals renewed optimism for projects like the Stibnite Gold Project. The Perpetua Resources team remains committed to advancing the Stibnite Gold Project as efficiently as possible, so its full benefits can be achieved for all stakeholders.

More details about proposed Project refinements can be found here.

For further information about Perpetua Resources Corp., please contact:

Jessica Largent
Vice President Investor Relations and Finance
jessica.largent@perpetuacorp.us
Info@perpetuacorp.us

Mckinsey Lyon
Vice President External Affairs
mailto:media@perpetua.us

Website: www.perpetuaresources.com

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Forward-Looking Information
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, disclosure regarding possible events, next steps and courses of action including actions to be taken by the USFS, the State of Idaho and other government agencies and regulatory bodies; plans with respect to the issuance of an SDEIS; the consideration of difference access routes; the anticipated timing for release of the SDEIS, FEIS, draft ROD and final ROD; predictions regarding improvements to water quality at the site and reduction of the Project footprint and the anticipated benefits and other effects thereof. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as “anticipates”, “complete”, “expected” “ensure”, and “potential”, in relation to certain actions, events or results “could”, “may”, “will”, “would”, be achieved. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; that the review process under the NEPA (including any joint review process involving the USFS, the State of Idaho and other agencies and regulatory bodies) as well as the public review process and SDEIS will proceed in a timely manner and as expected; and that all requisite information will be available in a timely manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may result in unforeseen results in the permitting process; uncertainty surrounding input to be received; risks related to dependence on key personnel; risks related to unforeseen delays in the review process including availability of personnel from the USFS, State of Idaho and other stated, federal and local agencies and regulatory bodies (including, but not limited to, future US government shutdowns); risks related to opposition to the Project; risks related to the outcome of litigation and potential for delay of the Project, as well as those factors discussed in Perpetua Resources’ public disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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PERPETUA RESOURCES ANNOUNCES INCLUSION IN THE RUSSELL 2000 INDEX


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) today announced that as part of the annual reconstitution of the Russell stock indexes, Perpetua Resources is expected to be included in the Russell 2000® Index and the broad-market Russell 3000® Index effective after the U.S. market opens on June 28, 2021.

“We are pleased to have earned our inclusion in the Russell 2000® Index, one of the most widely cited performance benchmarks for emerging U.S. companies,” said Laurel Sayer, President and CEO of Perpetua Resources. “This is an important milestone for Perpetua Resources after listing on the Nasdaq earlier this year increasing our exposure to a broader investment community as we progress our vision to be the only mined source of the critical mineral antimony in the U.S. and restore an abandoned brownfield site through the redevelopment of our low-cost gold project.”

Membership in the Russell 2000® Index means automatic inclusion in the broader Russell 3000® Index as well as in the appropriate growth and value style indexes. The Russell 3000® Index encompasses the 3,000 largest U.S.-traded stocks by objective, market-capitalization rankings, and style attributes. Membership in these indexes is updated annually and remains in place for one year.

The Russell U.S. Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately US$10.6 trillion in assets are benchmarked against Russell U.S. Indexes. Russell U.S. Indexes are part of FTSE Russell, a leading global index provider.

About Perpetua Resources and the Stibnite Gold Project
Perpetua Resources, 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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Forward-Looking Information
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, disclosure regarding possible events, next steps and courses of action including the expected inclusion in the Russell 2000® Index and the benefits of such inclusion. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as “expected”, “opportunity” and “potential”, in relation to certain actions, events or results “could”, “may”, “will”, “would”, be achieved. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that its corporate activities will proceed as expected; and that general business and economic conditions will not change in a materially adverse manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations; risks related to dependence on key personnel; risks related to opposition to the Project; and the factors discussed in Perpetua Resources’ public disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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Perpetua Resources Signs Collaboration Agreement with U.S. Antimony to Explore Potential to Process Antimony from the Stibnite Gold Project


BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or the “Company”) announces it has signed a collaboration agreement (the “Agreement”) with  United States Antimony Corporation (NYSE: UAMY)(“USAC”)  to study the potential for processing the Stibnite Gold Project’s antimony concentrate at USAC’s processing facilities. Perpetua Resources is in the process of permitting America’s only mined source of antimony. It is estimated the Stibnite Gold Project has the potential to supply approximately 35 percent of American antimony demand in the first six years of production1. 

“Critical minerals are the building blocks of a strong domestic supply chain and play a key role in our transition to a greener economy,” said Laurel Sayer, CEO of Perpetua Resources. “America has the brainpower, spirit of innovation and work ethic to continue to solve some of the world’s toughest problems. However, we lack the minerals and materials we need to bring those solutions to life. Perpetua Resources can play a key role in re-establishing domestic antimony production and protecting America’s energy, technology and defense future.”

The Agreement outlines a plan for the Company to send samples of Stibnite’s antimony concentrate to the facilities owned by USAC to study the viability of entering into a long-term partnership to secure the domestic sourcing of the critical mineral antimony.

Antimony is one of 35 federally designated critical minerals for its use in the national defense, technology and green energy sectors. It has also been named a critical mineral in Canada, Australia and the European Union. Antimony strengthens alloys and makes them resistant to corrosion. It is used in munitions for national defense, flame retardants, wind and hydro turbines, solar panels, large storage batteries, spaceships, cell phones, semiconductors, plastics and cable sheathing.  

Currently, there is no mined source of antimony in the United States. The Stibnite Gold Project, along with USAC’s domestic processing abilities, presents an opportunity to re-establish the American supply chain of this critical mineral. China, Russia and Tajikistan control the overwhelming majority of the world’s antimony, supplying more than 90 percent of the global production.2

Perpetua Resources plans to host an in-depth webinar on the critical mineral antimony at 12:00 p.m. EDT or 10:00 a.m. MDT on May 4, 2021. Please RSVP here. More information can also be found at https://perpetuaresources.com/antimony/.  

1Based on the results of an independent feasibility study technical report titled “Stibnite Gold Project, Feasibility Study Technical Report, Valley County, Idaho” with an effective date of December 22, 2020 and an issue date of January 27, 2021, which is intended to be read as a whole and sections should not be read or relied upon out of context.

2Source: 2021 USGS Antimony commodity summary

For further information about Perpetua Resources Corp., please contact:

Jessica Largent
Vice President Investor Relations and Finance
jessica.largent@perpetuacorp.us
Info@perpetuacorp.us

Mckinsey Lyon
Vice President External Affairs
media@perpetua.us

Website: www.perpetuaresources.com

About Perpetua Resources and the Stibnite Gold Project

Perpetua Resources, 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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Forward-Looking Information

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, disclosure regarding possible events, next steps and courses of action including the potential for processing the Company’s antimony concentrate at USAC’s processing facilities; the potential for re-establishing domestic antimony production in the United States; and the anticipated benefits of the foregoing. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as “anticipates”, “complete”, “expected”, “ensure”, and “potential”, in relation to certain actions, events or results “could”, “may”, “will”, “would”, be achieved. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; and that general business and economic conditions will not change in a materially adverse manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may result in unforeseen results in the permitting process; risks related to dependence on key personnel; risks related to opposition to the Project; risks related to the outcome of litigation and potential for delay of the Project, as well as those factors discussed in Perpetua Resources’ public disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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PERPETUA RESOURCES REPORTS RESULTS OF 2021 ANNUAL GENERAL MEETING


BOISE, ID – Perpetua Resources Corp. (formerly Midas Gold Corp.) (Nasdaq: PPTA / TSX: PPTA) today announced the results of its annual general meeting (the “AGM”), which was held online through a virtual meeting platform on April 16, 2021.

A total of 34,386,731 common shares were represented at the AGM, or 72.30% of the votes attached to all outstanding shares at the Company’s record date of March 1, 2021.  The Company’s shareholders voted in favor of the election of all director nominees listed in the Company’s management information proxy circular.  Detailed results of the vote for the election of directors are as follows:

Name of NomineeVotes
For
Votes
Withheld
Total
Votes*
Percentage of
Votes For*
Percentage of
Votes Withheld*
Marcelo Kim31,088,758352,47431,441,23298.88%1.12%
Chris Papagianis31,360,34280,89031,441,23299.74%0.26%
Laurel Sayer31,361,10680,12631,441,23299.75%0.25%
Jeff Malmen31,362,36778,86531,441,23299.75%0.25%
Chris Robison31,363,39277,84031,441,23299.75%0.25%
Bob Dean31,362,39878,83431,441,23299.75%0.25%
David Deisley31,359,98281,25031,441,23299.74%0.26%
Alex Sternhell31,358,48682,74631,441,23299.74%0.26%

* Not all shares were voted in respect of all resolutions therefore the combined number of shares voted for or withheld (and corresponding percentages) may not add up to the total shares represented at the AGM.

The directors were elected to hold offices until the next annual meeting of shareholders or until their successors are elected or appointed.   

The Company’s shareholders also approved the appointment of Deloitte LLP, Chartered Accountants, as the auditors of the Company for the fiscal year ending December 31, 2021 (99.90% voted in favor).

The Company’s shareholders also approved the adoption of a new omnibus equity incentive plan (98.32% voted in favor).

Detailed voting results for the meeting are available on SEDAR at www.sedar.com.

Jessica Largent
Vice President Investor Relations and Finance
jessica.largent@perpetuacorp.us
Info@perpetuacorp.us

Mckinsey Lyon
Vice President External Affairs
media@perpetua.us

Website: www.perpetuaresources.com

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

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PERPETUA RESOURCES WORKS ALONGSIDE COMMUNITY TO SUPPORT INDEPENDENT WATER QUALITY MONITORING PROGRAM


BOISE, ID – Perpetua Resources Corp. (formerly Midas Gold Corp.) (Nasdaq: PPTA / TSX: PPTA) (Perpetua Resources or the company) is advancing its ESG goals to further bring transparency to its Stibnite Gold Project (project) by participating in a water quality monitoring program led by local citizens. The Independent Water Monitoring Program (IWMP) is an initiative of the Stibnite Advisory Council, which represents eight local communities surrounding the proposed Stibnite Gold Project. The initiative is designed to promote accountability measures around Perpetua Resources’ existing water quality monitoring efforts and give the community access to independent information through conducting third-party data gathering and reporting. Perpetua agreed to participate in the program based upon the company’s long-standing commitment to transparency and its recognition of the important role such programs play in deepening community trust.

“We have always been committed to sharing information about our project with the community,” said Laurel Sayer, CEO of Perpetua Resources Corp. “We applaud the Stibnite Advisory Council for launching this initiative to conduct an independent program at site which will allow community representatives to participate in water monitoring and to verify the conditions facing the abandoned Stibnite Mining District today and into the future.  We are proud to continue living our values and further strengthen ourselves as a community partner and a responsible mining company.”

The Stibnite Advisory Council was formed in 2019 and was designed to give community members a voice with Perpetua Resources and an opportunity to resolve challenges and partner on opportunities directly with the company. IWMP is the Council’s largest public initiative to date.

“Having access to clean water and pristine rivers is a value all Idahoans share, and it is one the Stibnite Advisory Council feels a strong obligation to protect,” said Riggins Stibnite Advisory Council member, Bob Crump. “After community members expressed concerns over the potential impacts to water quality and a desire to see more data, we decided it was important to launch the Independent Water Monitoring Program.”

The Stibnite Advisory Council will contract with the University of Idaho’s Water Resources Research Institute to undertake the independent water quality monitoring and reporting. During the first year of the program, the Stibnite Advisory Council will test water temperature, pH levels, conductivity, and elemental presence. All the collected samples will be provided to a lab certified by the Environmental Protection Agency.

The Stibnite Advisory Council plans to monitor ground and surface water at 18 different locations throughout the site. Perpetua Resources will collect samples from these same locations, at the same time as the Stibnite Advisory Council, in order to give Idahoans two comparative data sets. The first samples are currently set to be collected this year.

Initially, monitoring will be conducted by Idaho’s Water Resources Research Institute. However, the Stibnite Advisory Council is working to expand the program to include community representatives who could also observe the sample collection and vouch for the integrity and independence of the process. Once those details are finalized, they will be announced on the Stibnite Advisory Council’s website.

Perpetua has adopted a formal ESG policy and continues to improve and advance the Company’s initiatives regarding environmental stewardship, social responsibility, and good governance. Our ESG policy, and more details about how the company puts these commitments into action, can be found here.

For more details on the program and to view the data when it becomes available, please visit www.StibniteAdvisoryCouncil.com.

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

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PERPETUA RESOURCES CAN HELP SECURE U.S. PRODUCTION OF CRITICAL MINERAL ANTIMONY


BOISE, ID – Perpetua Resources Corp. (formerly Midas Gold Corp.) (Nasdaq: PPTA / TSX: PPTA) welcomes President Joe Biden’s recently issued Executive Order on securing America’s critical supply chains. Perpetua Resources is in the process of permitting America’s only mined source of antimony, a federally designated critical mineral for its use in the national defense, technology, and energy sectors.  The Executive Order declares strengthening the resilience of the American supply chain as a policy of the Administration and requires that over the next one hundred days supply chain risks and policy recommendations be brought forward regarding semiconductor manufacturing, high-capacity batteries, critical minerals, and pharmaceuticals.

“Securing our country’s critical supply chains is a bi-partisan effort we can all support,” said Perpetua Resources President and CEO Laurel Sayer. “President Biden’s Executive Order places critical minerals in the national spotlight, and antimony is a key mineral in three out of the four areas the President has directed federal officials to focus on over the next 100 days. We are encouraged by the recognition that responsible, domestic sourcing of minerals like antimony is essential to building resilient supply chains and a stronger, more sustainable, American future.”

Antimony strengthens alloys and makes them resistant to corrosion. Its properties make it a highly valuable mineral for many applications across a wide range of sectors. It is used in munitions for national defense, flame retardants, wind and hydro turbines, solar panels, large storage batteries, spaceships, cell phones, semiconductors, plastics and cable sheathing. Currently, there are no U.S. mined sources of antimony, China and Russia dominate the antimony supply with more than 80 percent of the world’s production. Perpetua Resource’s Stibnite Gold Project in Idaho could supply approximately thirty percent of the American demand for antimony in the first six years of production.

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

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PERPETUA RESOURCES APPOINTS ENDEAVOUR FINANCIAL AS FINANCIAL ADVISOR


BOISE, ID – Perpetua Resources Corp. (formerly Midas Gold Corp.) (NASDAQ:PPTA / TSX:PPTA) (“Perpetua Resources” or the “Company”) announced today the appointment of Endeavour Financial (“Endeavour”) as its financial advisor to assist in the evaluation of funding options to support the development of the Company’s world class Stibnite Gold Project (“Project”), following the release of its Feasibility Study in December 2020.

Endeavour is a leading independent advisor dealing exclusively with the natural resources sector.  It specializes in the junior to mid-tier market, providing advice on financing projects from multiple funding sources. The Endeavour team offers more than 160 years of mining finance experience and specializes in arranging multi-sourced funding structures for single asset development companies.

“We are pleased to announce the appointment of Endeavour Financial as our financial advisor for the arrangement of the project financing for the Stibnite Gold Project,” said Laurel Sayer, President and CEO of Perpetua Resources. “Endeavour is a well-regarded firm with a strong track record of success in the mining industry. Our vision is to provide the U.S. with a source of the critical mineral antimony, operate one of the highest-grade open pit gold mines in the country and restore and redevelop an abandoned brownfield site.  This appointment is another important milestone as we look to move forward from permitting into development and restoration.” 

George Pyper, Managing Director of Endeavour’s advisory business, commented: “Endeavour is delighted to be able to work with the Perpetua Resources team to evaluate and execute financing for the development of this world class asset.”

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here

About Endeavour Financial:

Endeavour Financial is a private independent merchant banking company focused on providing expert and unbiased financial advisory services to the global natural resources sector. Endeavour Financial has a history of achieving success for clients based on resource industry focus, innovative transaction skills and the diverse professional backgrounds of its award-winning team. Offering advice in project, corporate and debt capital markets; equity-linked financings; mergers and acquisitions; and strategic business development over more than three decades, Endeavour Financial has established itself as a leading financial advisor in the natural resources sector. More information on Endeavour Financial and its services can be found at www.endeavourfinancial.com.

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PERPETUA RESOURCES AND NEZ PERCE TRIBE AGREE TO STAY OF CLEAN WATER ACT LITIGATION


BOISE, ID – Perpetua Resources Corp. (formerly Midas Gold Corp.) (MAX:TSX / MDRPF:OTCQX) (“Perpetua Resources” or the “Company”) released the following statement regarding an agreement with the Nez Perce Tribe to stay the Tribe’s Clean Water Act lawsuit:

“The Nez Perce Tribe and Perpetua Resources (previously Midas Gold) have jointly moved for a 3-month stay of the Tribe’s Clean Water Act lawsuit while they pursue a Court-ordered dispute resolution process. The litigation stay will allow the parties to work with a neutral judge or mediator to determine if there are grounds to work out a resolution of the lawsuit.”

A copy of today’s filing can be found here.

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

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MIDAS GOLD ANNOUNCES NAME CHANGE TO PERPETUA RESOURCES AND APPROVED NASDAQ LISTING


New Name Reinforces Commitment to Idaho

Restoration of Legacy Mining District and Domestic Production of Critical Mineral Antimony 

Shares to Begin Trading on Nasdaq on February 18

Management Team Strengthened with Hiring of Jessica Largent and Promotion of Tanya Nelson

BOISE, ID – Perpetua Resources Corp. (formerly Midas Gold Corp.) (MAX:TSX / MDRPF:OTCQX,) (“Perpetua Resources” or the “Company”) announced today that it has changed its name to “Perpetua Resources Corp.” effective February 15, 2021 and the Company’s common shares have been approved for listing on the Nasdaq Stock Market (“Nasdaq”).

The Company’s common shares will begin trading on the Nasdaq on February 18, 2021 under the symbol “PPTA” and on the Toronto Stock Exchange (“TSX”) under the new name at market open on or around February 18, 2021 under the stock symbol “PPTA”. As the Stibnite Gold Project (the “Stibnite Project” or “Project”) continues to advance through major milestones, the listing on a U.S. stock exchange is a strategic decision to focus the Company’s business in the United States and open additional opportunities for American investment.

“Today’s approval to list on the Nasdaq points to our growth and readiness to enter the next chapter of bringing the Stibnite Gold Project vision to life,” said Laurel Sayer, President and CEO of Perpetua Resources. “The Nasdaq is a premier electronic exchange. Our listing here will allow us greater access to capital, which will help our team move the Stibnite Gold Project from permitting into production. We look forward to connecting with new investors, while delivering value to our long-term shareholders who have supported our vision for years.”

The new name “Perpetua Resources” is inspired by Idaho’s motto, Esto Perpetua, translated to mean “let it be perpetual”, and a reflection of the Company’s commitment to doing its part to protect the State of Idaho’s vast resources for generations to come. Midas Gold Idaho, Inc., the Company’s wholly owned subsidiary, has also updated its name to “Perpetua Resources Idaho, Inc.” 

“We have always been more than a gold mining company, but you wouldn’t have known it by our name,” said Sayer.  “The name Perpetua Resources better reflects our plan to restore an abandoned mining site, to responsibly develop the critical resources our country needs for a more secure and sustainable future and to be guided by a commitment to Idaho’s resources and people. We are proud to enter our next chapter with a name that helps communicate our values and the sustainable future we are working to create for all of us.” 

The name change not only follows the Company’s recent announcement that it has relocated its corporate headquarters to Boise, Idaho, but the name also better aligns with the company’s vision and reflects the natural evolution in this next phase of project development. Recent accomplishments include the completion of a successful comment period for the Draft Environmental Impact Statement for the Stibnite Gold Project, release of a positive Feasibility Study, and an agreement finalized with regulators to help address legacy water contamination at the abandoned mining district that will enable the company to begin to restore the site.  

The Stibnite Gold Project was designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national energy, defense, aerospace and technology sectors. Recent developments point to antimony playing an important role in renewable energy, including in wind turbines and solar panels, as well as emerging liquid metal batteries needed for large-scale energy storage in the green energy future. The Project is also one of the highest-grade gold deposits in the United States and would provide the resources necessary to fund the much-needed cleanup and restoration of the abandoned Stibnite Mining District.  While the name is changing, the people, the project and the commitments made over the last ten years remain the same.

The Company introduced its new name with a video. It can be found here

The Company has also updated its investor presentation and can be viewed here.

Idaho Team Growing

As Perpetua Resources moves its corporate headquarters to Idaho, it is also growing its team. Jessica Largent has joined the team as Vice President of Investor Relations and Finance. Ms. Largent has held finance leadership roles at Newmont, Turquoise Hill Resources and Rio Tinto and brings more than 15 years of mining industry experience in investor relations, planning, financial reporting and accounting to Perpetua Resources. 

“This is a really exciting time for Perpetua Resources as we advance through the final permitting stages following a decade’s worth of study work and regulatory review. With a strong team, a critical minerals project and a commitment to mining responsibly, the company has all the right ingredients for long-term value creation,” said Largent. 

Largent comes to Perpetua Resources after serving as the Vice President of Investor Relations for Newmont, a gold mining company with operations in North America, South America, Australia and Africa. Largent will be responsible for the strategy and leadership of the Company’s investor relations and finance efforts, drawing on her extensive relationships and years of finance experience.  

The Company has also promoted long-time Idaho employee Tanya Nelson from Human Resources Manager and Corporate Secretary to the Midas Gold Idaho, Inc board to Vice President of Human Resources and Corporate Secretary of Perpetua Resources. Ms. Nelson has worked for the Company since 2012 and throughout that time has taken on more responsibility as the team has grown. Having more than 15 years of experience in accounting and human resources, Ms. Nelson is also an Idaho native and has lived in Valley County, where the Project is located, since 1998. 

“I am passionate about working to provide job opportunities for rural Idaho and giving people the chance to come back home and start careers that will allow them to support their families,” said Nelson. “The people at Perpetua Resources are the strength of this Company and bring our corporate values to life through their actions.  Our team cares about the Project but more importantly they care about Idaho, our neighbors and each other. I look forward to continuing to develop the talent that already exists on our team and recruiting the next generation of our workforce to help us bring our project from permitting to operations.”  

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 Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here

Forward-Looking Information 

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, disclosure regarding possible events, next steps and courses of action including the expected dates on which trading is expected to commence on the Nasdaq and TSX; and the anticipated benefits of the Project and the Nasdaq listing. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as “anticipates”, “complete”, “expected” “ensure”, and “potential”, in relation to certain actions, events or results “could”, “may”, “will”, “would”, be achieved. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, assumptions that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may result in unforeseen results in the permitting process; risks related to dependence on key personnel; risks related to unforeseen delays in the review process including availability of personnel from the United States Forest Service, State of Idaho and other stated, federal and local agencies and regulatory bodies (including, but not limited to, future US government shutdowns); risks related to opposition to the Project; risks related to the outcome of litigation and potential for delay of the Project, as well as those factors discussed in Perpetua Resources’ public disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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