Perpetua Resources discloses substantial doubt about going concern; cash expected to exhaust in Q1 2024

PERPETUA RESOURCES CORP.

As of May 12, 2023, management concluded substantial doubt exists about the company's ability to continue as a going concern.
Cash resources are forecast to be exhausted in the first quarter of 2024 due to increased ASAOC restoration costs.
Selected Iron Woman Construction for environmental improvements under the ASAOC; updated cost estimates drove the liquidity shortfall.
FY2022 net loss of $28.7M; accumulated deficit of $561.9M; cash and equivalents of $22.7M as of Dec 31, 2022.

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