Perpetua closes $255M private placement, breaks ground on Stibnite Gold Project

PERPETUA RESOURCES CORP.

Raised $255M via private placement: 10.94M shares at $23.30, plus warrants; Agnico and JPMorgan participate.
Broke ground on Stibnite Gold Project after posting $139M reclamation surety bond and other financial assurances.
Received preliminary non-binding indicative term sheet from EXIM for up to $2B debt financing; final consideration expected spring 2026.
CFO Jessica Largent stepped down Oct 1, replaced by Mark Murchison (former CFO of Alacer Gold).
Litigation: Nez Perce Tribe lawsuit challenging project approvals; stipulations restrict certain construction through Feb 1, 2026.

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