Perpetua Resources is proud to be an Idaho company.
Our name was inspired by the Idaho state seal, which displays lady justice and a miner surrounded by a bounty of resources. Above them reads ?Esto Perpetua,? translated to mean, ?Let it be Perpetual.? To our team, the seal is a mandate to be stewards of Idaho?s vast resources. We know through balance and care, our resources can sustain and Idaho can prosper.
With our commitment to Idaho?s resources and people as our guide, our team has designed a plan to restore an abandoned mine site and responsibly develop the critical resources we need for a secure and sustainable future.
Perpetua Resources Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
Please refer to the important disclosures below for additional details.
Perpetua Resources advances the Stibnite Gold Project in Idaho after securing a $2.9B U.S. EXIM loan and holding $574M cash, with construction targeted for a 2029 production start.
Perpetua Resources advances the Stibnite Gold Project in Idaho with new high-grade gold, antimony, and tungsten intercepts from 2026 drilling. Learn the key results and catalysts for investors.
A central Idaho gold-antimony developer has begun key construction and won unanimous federal loan approval, targeting first production at its Stibnite project in 2029.
The Export-Import Bank unanimously approved a US$2.9B loan facility for an Idaho gold project, leaving a ~US$494M buffer against the latest capex estimate.
A US critical-metals developer secured a US$2.9 billion EXIM senior loan, fully funding direct construction of its Idaho gold-antimony project ahead of a 2H/26 build decision.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) advanced construction and infrastructure work at its Stibnite Gold Project after an Idaho federal court denied a preliminary injunction, with road construction and other critical-path activities now underway.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) wins US$2.9B EXIM loan approval, fully funding its Stibnite gold-antimony mine in Idaho, with initial production estimated for 2029.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) said the Export-Import Bank of the United States approved a US$2.9 billion loan package to support development of the Stibnite Gold Project in Idaho.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) proposed that a roughly US$2.7B senior secured loan be placed on the U.S. Export-Import Bank's board agenda for its May 21, 2026, meeting.
Brian Hicks of Wealth Daily outlines what he believes to be the current tungsten crisis in the U.S., and shares his thoughts on one American tungsten stock.
Antimony is critical to industry, especially defense. Find out how analysts rate Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ), which has the only identified reserve of the mineral in the U.S.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) is expected to receive financing for its Stibnite project in H1/26 and make a positive construction decision thereafter, noted a Cantor Fitzgerald report. Keep reading to learn the rationale for the higher target price.
Perpetua Resources Corp.'s (PPTA:TSX; PPTA:NASDAQ) new partnership with the Idaho National Laboratory is another indication of strong government support for the Stibnite project to be built, noted a National Bank of Canada report. Read what catalysts are ahead for this Outperform-rated company.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has appointed Hatch Ltd. as EPCM contractor for the Stibnite Gold Project. Hatch also committed to a US$4 million equity investment in the company as part of the agreement.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has selected Hatch Ltd. as EPCM contractor for its Stibnite Gold Project in Idaho, marking a key step as the project advances toward construction. The appointment includes a US$4 million equity investment and supports ongoing financing discussions tied to the companys gold and critical antimony asset.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has partnered with Idaho National Laboratory to pilot domestic processing of antimony from its Stibnite Gold Project. The initiative supports national defense priorities while positioning Perpetua as a key contributor to U.S. critical mineral independence.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) and Idaho National Laboratory have launched a pilot program to process antimony from the Stibnite Gold Project. The effort supports U.S. defense and energy goals by strengthening the domestic critical minerals supply chain.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has begun early construction at its Stibnite Gold Project in Idaho after receiving key permits. The company raised US$382 million in equity and is progressing toward a US$2 billion EXIM debt facility.
Analysts say Perpetua Resources Corp.'s (PPTA:TSX; PPTA:NASDAQ) US$255 million investment from Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) and JPMorganChase significantly reduces funding risk at Stibnite. New price targets reflect growing confidence in the project's scale, economics, and national security importance.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) receives this in the form of a US$255 million strategic investment, a better financing alternative to the previously planned royalty or stream sale, noted a National Bank of Canada report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) keeps on moving its Stibnite project in Idaho toward production "and is exceeding our expectations as a Top Pick for 2025," noted a ROTH Capital Partners report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) will benefit from Agnico Eagle Mines Ltd.'s (AEM:TSX; AEM:NYSE) expertise, as part of the latter's recent equity investment in this developer of the Stibnite gold-silver-antimony mine in Idaho, noted a BMO Capital Markets report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) garnered a share price increase because this financing replaces its planned royalty/stream sale on future production from its Stibnite gold-silver-antimony project, noted a Cantor Fitzgerald report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) achieves a major derisking milestone at its Stibnite project in Idaho with this latest development, noted a National Bank of Canada report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has its target price raised by ROTH Capital Partners because of this construction start at Stibnite along with the project's exploration upside and record gold prices, the investment bank indicated in a report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) could expand and upgrade existing resources through infill drilling and through exploring mineralized areas outside of the mine plan, a ROTH Capital Partners report indicated about its Top Pick.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) announced a US$255 million private placement with Agnico Eagle and JPMorganChase. The investment supports early-stage development of the Stibnite Gold Project in Idaho.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has broken ground at its Stibnite Gold Project in Idaho. The move follows a US$24.8 million award earlier in the year from the U.S. Department of Defense to study antimony from the site.
Antimony demand is rising amid safety regulations and supply chain pressures. Read how the Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) Idaho project could become a key domestic source of this critical mineral.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) receives a conditional Notice to Proceed from the U.S. Forest Service for the Stibnite Gold Project. One analyst says the company is benefitting from rising gold and antimony prices.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) received a conditional notice to proceed for its Stibnite Gold Project in Idaho. Learn how the site is expected to supply gold and antimony while delivering long-term environmental restoration.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has secured a letter from the Export-Import Bank of the United States for potential debt financing of up to US$2 billion for its fully owned, previously operational open-pit Stibnite gold-antimony project in Idaho, Cantor Fitzgerald Analyst Mike Kozak reports.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) secured its final federal permit for the Stibnite Gold Project in Idaho and raised US$474M in equity. Read more on how federal approvals, strategic financing, and rising gold prices position Stibnite as a potential powerhouse in U.S. critical mineral supply.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) owns the only advanced-stage antimony project in the U.S., which boasts strong economics and large scale and is an ideal takeout target, noted an RBC Capital Markets report.
With all of the exploration happening in the state, it could be home to the country's next copper mine. Learn about some companies advancing their project toward possible future production: NevGold Corp. (NAU:TSX.V; NAUFF:OTC; 5E50:FSE), IDEX Metals Corp. (IDEX:TSX), Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ), and Scout Discoveries Corp.
Robert Sinn of Goldfinger Capital reviews the second Trump Administration's powerful dedication to establishing a robust domestic critical minerals pipeline, which he believes has sparked impressive market movements among smaller mining operations with American critical minerals assets.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ), from another funding source, the Export-Import Bank of the United States, should get an initial response on its application for debt financing in early to mid-July, noted a Cantor Fitzgerald report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)secured US$425 million for its high-grade Stibnite project in Idaho, with potential EXIM funding and 67% upside. Read more to find out how this strategic gold-antimony asset could reshape U.S. mineral independence and drive long-term returns.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) will use the funds to assess the feasibility of using ore from Stibnite to produce military-grade antimony trisulfide, noted a ROTH Capital Partners report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) secures up to US$6.9M from the U.S. Army to expand antimony testing at its Idaho project, a strategic asset for American defense. Read more about how this funding strengthens U.S. supply chains and Perpetua's position in the critical minerals sector.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) is expected to receive the $2 billion it is requesting from a federal agency and, if needed, financing from other sources, for construction of Stibnite, noted a ROTH Capital Partners report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) applies for $2 billion in debt financing to advance its Stibnite project to production, noted a Cantor Fitzgerald report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) just filed for up to US$2B to develop a high-grade gold-antimony project in Idaho with strategic U.S. backing. Read more about the funding, potential returns, and key permits now.
The Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) Idaho project just cleared its final federal hurdle, unlocking a massive gold and antimony reserve critical to U.S. defense and energy. Read more to find out how it could reshape America's mineral supply chain.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) will be "shovel ready" after receiving two state permits, expected soon, noted a Cantor Fitzgerald report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) first must secure financing for its project the U.S. has deemed of critical importance and is working on this, noted a ROTH Capital Partners report.
Perpetua Resources Corp.'s (PPTA:TSX; PPTA:NASDAQ) project should get increased federal "interagency transparency, coordination and oversight" too given its recent governmental designation as a "Transparency Project," noted an H.C. Wainwright & Co. report.
Perpetua Resources Corp.'s (PPTA:TSX; PPTA:NASDAQ) Stibnite project has a better chance of receiving final federal approval and financing now that it has been deemed essential to the domestic supply chain, noted a ROTH Capital Partners report.
This bodes well for Perpetua Resources Corp. (PPTA:TSX.V; PPTA;NASDAQ) having already received the final Record of Decision and potentially getting financed through the Export-Import Bank of the United States. Read on to learn why analysts like this junior miner.
You may not have heard of the mineral, but antimony is gaining increasing attention due to its important applications in defense, energy storage, and fire safety technologies. Find some ideas for exposure to the critical mineral.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) advanced its Stibnite Gold Project in Idaho with key milestones, including a US$1.8B financing indication and updated economics showing a US$3.65B NPV at spot metal prices. With construction on the horizon and federal backing secured, here's what investors should know.
The financing strategy and critical mineral supply role behind Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) continue to gain attention. Find out what analysts are saying about its growth potential.
Expectations are that the Export-Import Bank of the U.S. will review the mining explorer-developer's application fairly and quickly, noted a ROTH Capital Partners report.
Perpetua Resources Corp.'s (PPTA:TSX; PPTA:NASDAQ) Stibnite Gold Project moves forward with key regulatory approval, positioning it as a major domestic source of antimony. With permitting milestones ahead and growing government support, what's next for this critical minerals project?
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has gained significant analyst attention following its latest milestones, including a pivotal permitting decision for the Stibnite Gold Project. Discover why experts see this as a transformative moment for the gold mining company.
The federal Final Record of Decision on the project was the major obstacle to restarting this past-producing operation in Idaho, noted a Roth MKM research note.
This comes in the form of a Final Record of Decision from the U.S. Forest Service after eight years of work put toward this crucial derisking event, noted a Cantor Fitzgerald report.
Next, the explorer will work on obtaining financing for construction of this operation in Idaho that historically produced antimony and gold, noted an H.C. Wainwright & Co. report.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) reports progress on antimony reserves in Idaho, sparking interest. Learn how this could impact domestic supply chains.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) is looking forward to the "award of the Final Record of Decision (FROD) based on the U.S. Forest Service (USFS) schedule. Following over six years of permitting, the project has bi-partisan support to produce antimony to meet the need for national defense," according to a Roth MKM research note.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has entered into an agreement through its subsidiary, Perpetua Resources Idaho, Inc., to conduct metallurgical testing of antimony concentrate samples from its Stibnite Gold Project in Idaho. Read more about how this collaboration aims to bolster the U.S. critical mineral supply chain.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has released its unaudited consolidated financial results for Q3 2024, covering milestones in environmental and strategic developments at its Stibnite Gold. Explore the company's latest developments and future outlook.
Bob Moriarty of 321Gold sat down with Robert Sinn Goldfinger Capital to discuss the current state of gold, silver, and a few gold companies Moriarty believes are worth keeping an eye on.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) is recognized as a leader the redevelopment of the Stibnite Gold Project in Idaho. See why analysts are praising the project, Perpetua, and the outlook for the sector.
With the U.S. Forest Service's authorization of the mine plan for this "highly strategic asset," the federal permitting process for the project could be done by year-end, noted a Cantor Fitzgerald report.
This federal authorization is "validation of a vital project" that could become the country's only domestic antimony supplier, noted a ROTH Capital Partners report.
The project owner has been working toward this critical derisking milestone for nearly a decade. Read on to learn why the country needs this mine up and running.
As the price of gold continues to soar to new highs and talk of a bull market builds, all eyes are on a project and company in Canada bought for a cash premium by a major South African mining company. Read on for some comparable stocks that may or may not see a windfall.
The final record of decision regarding this past-producing operation is due to be completed by the end of this year, noted a ROTH Capital Partners report.
China's recent announcement to limit antimony exports has sparked significant concerns across global markets, particularly in the U.S. and Europe. Read on to find out how Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) could benefit from this news.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) reported its unaudited condensed consolidated financial results for the second quarter of 2024, ending June 30. Read on to learn about its primary focus moving forward.
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) releases its 2023 Sustainability Report as it works to move its critical Stibnite gold and antimony project toward production. Find out why antimony is so important to the United States.
Perpetua Resources Corp has released its unaudited condensed consolidated financial results for the first quarter ended March 31, 2024. See what these new numbers mean for future projects and anticipated projects.
Perpetua Resources Corp.'s Stibnite gold project in Idaho is also expected to provide as much as 35% of the United States annual demand for the critical metal antimony. Find out why analysts are recommending this developer.
Perpetua Resources Corp.'s Stibnite project in Idaho has a mineral you may not have heard of: Antimony. But it's an important material needed for national defense, and right now most of it comes from China, Russia, and Tajikistan.
With more than 33 years of experience, at least one analyst wrote that the addition of Perpetua Resources Corp.'s new CEO, Jon Cherry, is a "timely and natural addition" as the company works toward permitting for its Idaho gold and antimony mine.
Perpetua Resources Corp. announced up to an additional US$34.6 million in funding under the Defense Production Act through a technology investment agreement for the Stibnite Gold Project. Read on to see what analysts have to say about this stock.
Perpetua Resources should receive a final Record of Decision for its Stibnite Gold Project from the U.S. Forest Service, according to a Roth MKM report.
As the U.S. Federal reserve considers reducing interest rates, gold looks set to rally in 2024. Read on to see which four stocks look set to benefit from the gold market.
The delay by the U.S. Forest Service is minor, but the mining company will likely have to secure additional funds to see the process to completion, noted a Cantor Fitzgerald report.
Perpetua Resources Corp. has announced their results for Q3 of 2023, including many milestones to advance its Idaho project. Read on to see why analysts like this company's stock.
While Perpetua Resources Corp. is primarily known for gold exploration, a new grant from the Department of Defense has the company gaining U.S. strategic relevance with antimony trisulfide production.
Defense stocks are uniquely positioned to enjoy considerable, reliable funding from government contracts. This stability, and the ensuing profitability, increases during times of international political instability.
"Given the fact that Perpetua Resources Corp. was recently trading around $29/share, you might think all the upside has already been squeezed out. But I've only increased my personal stake in it and think there is more upside ahead. . .Recommended Action: Buy PPTA."
Rabi Nizami, National Bank of Canada
(12/10/25)
"Perpetua Resources Corp. entered into an agreement with the Idaho National Laboratory (INL) via Battelle Energy Alliance for the INL to host, commission and operate a flexible, modular pilot processing plant expected to be capable of recovering various critical and defense-related minerals. . .the initiative is expected to use material from Perpetua's Stibnite gold-antimony project to test and ultimately produce high-quality, military-spec antimony trisulfide."
Brian Quast, BMO Capital Markets
(11/17/25)
"Perpetua Resources Corp. has reaffirmed the debt financing timeline from the Export-Import Bank of the United States (EXIM), for up to $2B. Subject to successful due diligence and negotiation, the EXIM Board consideration is anticipated by spring 2026 and closing in 2026."
Mike Niehuser, ROTH Capital Partners
(10/29/25)
"Perpetua Resources Corp. is successfully advancing toward production and is exceeding our expectations as a Top Pick for 2025. . .on Oct. 27, ATCO announced a $130M contract for constructing a 1,052-person dormitory lodge and office facilities [at Stibnite], to become operational in Q1/27."
John Meyer, SP Angel
(10/28/25)
"Perpetua Resources Corp. agreed to a $255M placing from Agnico Eagle and JPMorganChase's $1.5T Security and Resiliency Initiative fund. . .Agnico Eagle will take a 6.5% stake via the purchase of 7.7M shares for $180M. . .JPM will invest $75M to take a 2.7% stake."
Rabi Nizami, National Bank of Canada
(10/27/25)
"Perpetua Resources Corp.'s private placement and premium-priced warrants offer a vote of confidence and a better financing alternative than the previously anticipated up to 3.9% net smelter return royalty or stream structure. . .Agnico Eagle becomes [Perpetua's] second-largest shareholder at 6.5% (up to 8.6% with warrants)."
More Expert Comments
Brian Quast, BMO Capital Markets
(10/27/25)
"Perpetua Resources Corp. will create a joint technical and exploration advisory committee with Agnico Eagle. . .we maintain our Outperform rating and raise our target price on the company."
Mike Kozak, Cantor Fitzgerald
(10/27/25)
"The $255M strategic equity investment from Agnico Eagle (AEM:NYSE) and J.P. Morgan was deemed to be a better financing alternative for Perpetua Resources Corp. than selling a royalty or stream on its Stibnite project. . .incorporating the AEM/JPM equity investment in lieu of our previously modeled royalty financing drives a price target increase on Perpetua."
Brian Quast, BMO Capital Markets
(10/22/25)
"In the near term, we believe that Perpetua Resources Corp. remains catalyst rich, with a majority of these catalysts pertaining to nondilutive financing. We believe these catalysts will continue to provide investors with additional upside. . .we maintain our Outperform rating and raise our target price on the company."
Mike Kozak, Cantor Fitzgerald
(10/22/25)
"Perpetua Resources Corp. is targeting commercial production at Stibnite in 2029 at which point it will be the fourth largest gold mine in the U.S. (by output) and largest domestic source of mined antimony. . .upon finalization of the Export-Import Bank of the Unites States debt package (early 2026), we believe the company has a high likelihood of being acquired by any number of large-cap, U.S.-focused precious metals producers."
Mike Niehuser, ROTH Capital Partners
(10/22/25)
"Perpetua Resources Corp. broke ground on its early works construction and is moving forward on construction. . .with the posting of a $139M performance construction bond, the plan of operations was signed by the U.S. Forest Service, and the company may now commence full construction."
Rabi Nizami, National Bank of Canada
(10/22/25)
"Perpetua Resource Corp.'s commencement of early works construction is on schedule (fall 2025) and clearly marks a derisking milestone for the [Stibnite] project. . .the decision by the company to break ground now using the cash-backed financial assurance is a prudent move, as it allows for early construction to start immediately, before winter."
Mike Niehuser, ROTH Capital Partners
(10/9/25)
"Following the record of decision, Perpetua Resources Corp. is now able to consider the [Stibnite] project's exploration upside. We believe that there is a significant opportunity to increase economic resources and increase cash flow by optimizing the mine schedule."
Mike Niehuser, ROTH Capital Partners
(9/21/25)
"It appears that Perpetua Resources Corp. has more than sufficient liquidity to post the bond to proceed with construction. Also, the company has finalized contracts and is prepared to commence early construction activities leading up to improving weather conditions and closing the Export-Import Bank of the United States financing in H2/26."
Mike Kozak, Cantor Fitzgerald
(9/9/25)
"Perpetua Resources Corp. has received a Preliminary Project Letter (PPL) from the Export-Import Bank of the United States (EXIM) for up to $2B in potential debt financing. . .upon finalization of the EXIM debt package (early 2026), we believe the company has a high likelihood of being acquired."
Michael Siperco, RBC Capital Markets
(7/18/25)
"Perpetua Resources Corp. trades at about a 25% net asset value discount to peers, with rerate potential toward our target valuation on execution toward initial production in H2/28. [We are] initiating coverage at Outperform."
Mike Kozak, Cantor Fitzgerald
(6/17/25)
"Perpetua Resources Corp. completed an upsized $425M equity financing (from $400M originally). . .in our view, this completes the equity financing component of the Stibnite project's $2.2B initial capital requirement."
Mike Niehuser, ROTH Capital Partners
(6/9/25)
"Perpetua Resources Corp. was awarded an additional $6.9M from the U.S. Army for further testing of its antimony. . .as federal agencies are required under Executive Orders to collaborate, we view this as a favorable indication for funding by the Export-Import Bank of the United States."
Jay Taylor, Gold, Energy & Tech Stocks
(5/31/25)
"Perpetua Resources Corp. was awarded up to $6.9M in 'defense funding' related to its antimony resource."
Mike Kozak, Cantor Fitzgerald
(5/23/25)
"Following the receipt of Perpetua Resources Corp.'s formal application, the Export-Import Bank of the United States (EXIM) will now complete its due diligence process and review [Stibnite's] eligibility for potential financing. We expect the company to receive a formal 'preliminary project letter' back from EXIM within 45–60 days (targeting early to mid-July)."
Mike Niehuser, ROTH Capital Partners
(5/23/25)
"Perpetua Resources Corp. announced its application to the Export-Import Bank of the United States in the amount of $2B. . .we expect the company to receive approval in the requested amount, leading to a construction decision, with the potential to commence construction in 2025."
Mike Kozak, Cantor Fitzgerald
(5/20/25)
"The U.S. Army Corps of Engineers has issued the Clean Water Section 404 permit for Perpetua Resources Corp.'s 100%-owned past-producing Stibnite gold-antimony open-pit project (Idaho). This completes federal permitting for the project and comes after eight years of rigorous interagency process."
Mike Niehuser, ROTH Capital Partners
(5/14/25)
"The U.S. military relies on antimony trisulfide across a spectrum of munitions and weapons systems; this places Perpetua Resources Corp.'s Stibnite gold project near the top of a list of critical mineral projects important to achieve resource independence. This underpins our investment thesis that having received a favorable record of decision, the company should receive consideration for Export-Import Bank of the United States financing, leading to a positive mine decision and a higher valuation."
Heiko Ihle, H.C. Wainwright & Co.
(5/13/25)
"We remain confident in Perpetua Resources Corp. and stress that the company remains a key player in securing a domestic critical mineral supply of antimony through the advancement and further derisking of Stibnite. . .notably, the U.S. Army Corps of Engineers Clean Water Act 404 permit, which should be the final federal decision, remains on track for Q2/25."
Jay Taylor, Hotline
(4/25/25)
"While the production of antimony is a legitimate reason to fast-track Perpetua Resources Corp.'s Stibnite project, it is becoming increasingly apparent, as the dollar is losing its purchasing power and status as the lone world's currency, that gold is also becoming an ever more strategic national metal. It is after all the only true money in the world."
Mike Niehuser, ROTH Capital Partners
(4/23/25)
"Inclusion of Perpetua Resources Corp.'s Stibnite project on the Permitting Council's initial list indicates federal support to grant the Clean Water Act 404 permit and for approval of Export-Import Bank of United States (EXIM) financing, leading to a construction decision. We expect the company to soon make [a] formal application [to EXIM], with the potential to commence construction in 2025."
Jay Taylor, Hotline
(3/21/25)
"Perpetua Resources Corp. is evaluating the new programs that have been announced [due to President Trump's executive order to strengthen American mineral production] to determine the Stibnite gold project's potential eligibility. In the meantime, the company continues to advance its studies with Sunshine Silver to evaluate development of a full-scale antimony processing facility in Idaho at a site that historically produced antimony."
Heiko Ihle, H.C. Wainwright & Co.
(3/21/25)
"Perpetua Resources Corp. remains a key player in securing a domestic critical mineral supply of antimony through ongoing advancement of the Stibnite gold project. . .we anticipate continued interest from institutional investors as the domestic antimony supply remains quite scarce while Stibnite continues to get more and more derisked."
Mike Niehuser, ROTH Capital Partners
(3/13/25)
"Perpetua Resources Corp. is preparing its formal application to the Export-Import Bank of the United States (EXIM) for debt financing. . .once EXIM deems the application to be complete, a decision is expected within 45 days."
Jay Taylor, Hotline
(2/14/25)
"As Perpetua Resources Corp. advances towards a construction decision on Stibnite later this year, the company has signed a procurement contract with Idaho Power to begin down payments on several critical long-lead power line items. . .Perpetua is concurrently advancing execution planning to prepare the project to be construction ready once all required permits are received."
Mike Kozak, Cantor Fitzgerald
(2/14/25)
"Perpetua Resources Corp.'s financial update is an important derisking event that will now enable the company to apply to the U.S. Export-Import Bank for up to $1.8B in project debt financing. . .Perpetua has commenced detailed engineering studies on the Stibnite project and signed a procurement contract with Idaho Power Co. for powerline materials."
David Bird, RFC Ambrian
(2/1/25)
"Perpetua Resources Corp. plans to commence construction at Stibnite in 2025 and production in 2028. The company has recently announced plans to conduct metallurgical testing of its antimony concentrate with US Antimony Corp."
Jay Taylor, Hotline
(1/31/25)
"From an investor's point of view, Perpetua Gold Corp.'s Stibnite is a magnificent gold project with antimony being a valuable byproduct. The economics of the Stibnite gold project are fantastically strong."
Jay Taylor, Hotline
(1/10/25)
"The U.S. Forest Service has authorized Perpetua Resources Corp.'s mine plan for the Stibnite gold project. . .make no mistake, this is one of the best evolving gold miners covered in this letter."
Heiko Ihle, H.C. Wainwright & Co.
(1/7/25)
"Perpetua Resources Corp.'s Stibnite has reserves of 4.8 Moz of gold and 148 Mlb of antimony. Current expectations call for the production of 450 Koz gold during the first four years of production, while the asset is anticipated to supply as much as 35% of the United States' demand of antimony within its first six years of operations."
Mike Niehuser, ROTH Capital Partners
(1/6/25)
"The Final Record of Decision on Perpetua Resources Corp.'s Stibnite is the keystone authorization to commence construction. . .we believe the company will receive the remaining permits."
Mike Kozak, Cantor Fitzgerald
(1/6/25)
"After eight years of extensive public feedback, consultation, redesign, re-engineering, investigation and analysis, Perpetua Resources Corp. has secured a positive Record of Decision from the U.S. Forest Service, the federal agency leading the permitting process on the company's 100%-owned Stibnite project. . .this is the single most important positive derisking milestone event in Perpetua's history."
Michael Parkin, National Bank of Canada
(1/5/25)
"On Jan. 3, 2025, the U.S. Forest Service signed the Record of Decision (ROD) for Perpetua Resources Corp.'s 100%-owned Stibnite gold project. . .we expect the company's share price to outperform peers on the news of the ROD signing."
Jay Taylor, Hotline
(12/13/24)
"Perpetua Resources Corp.'s Stibnite gold project is expected to supply about 35% of projected U.S. antimony demand in the first six years of operations, based on the 2023 U.S. Geological Survey antimony commodity summary. This company's production, if added to the 5% that Sunshine has indicated it expects to be able to produce, could provide up to 40 percent of U.S. antimony demand."
Mike Niehuser, ROTH Capital Partners
(12/11/24)
"Perpetua Resources Corp. is evaluating partnerships to refine its concentrate to establish a fully domestic supply chain. The company has added accomplished mine builders and established a pathway to finance the project to commence construction in 2025."
Mike Kozak, Cantor Fitzgerald
(12/9/24)
"Perpetua Resources Corp.'s memorandum of understanding with Sunshine Silver Mining & Refining and agreement with United States Antimony potentially creates a fully integrated and secured, all-American antimony production supply chain, critical for national defense purposes. . .we reiterate our Buy rating on the company and are increasing our price target."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(12/6/24)
"Perpetua Resources Corp. jumped on the news that China banned antimony exports. I started to buy the company in Letter #2836, very lucky! I am selling my shares for a 30% jump on the news!"
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(11/26/24)
"I am taking advantage of the recent miner selloff by picking up an initial position in Perpetua Resources Corp. . .now the company is trading at about a 10% discount thanks to [the] gold price correction."
Jay Taylor, Hotline
(11/22/24)
"The gross proceeds to Perpetua Resources Corp. from the offering, before deducting commissions and expenses and other offering expenses, will be approximately $35M, or approximately $40M if the underwriters exercise the option in full. The company expects to use the net proceeds of the offering for down payments on long lead time materials, detailed engineering for its Stibnite gold project and general corporate purposes."
Jay Taylor, Hotline
(11/15/24)
"Perpetua Resources Corp.'s construction readiness activities during Q3/24 focused on basic, value and detailed engineering for the Stibnite project. . .the economics of this project appear exceptionally strong."
Jay Taylor, Gold, Energy & Tech Stocks
(10/31/24)
"Perpetua Resources Corp.'s Stibnite project has an antimony byproduct, an important metal in short supply in the U.S. Stibnite hosts one of the largest, highest-grade and lowest-cost gold projects in the U.S."
Mike Niehuser, ROTH Capital Partners
(10/22/24)
"Perpetua Resources Corp.'s Stibnite gold project has received broad support for resuming operations. This includes federal, state and local support."
Jay Taylor, Gold, Energy & Tech Stocks
(9/30/24)
"I added Perpetua Resources Corp. for coverage on Sept. 13, 2024 based on its Stibnite gold project, which also has an antimony byproduct, an important metal in short supply in the U.S. . .this is an exciting new story."
Jay Taylor, Hotline
(9/13/24)
"I want to introduce a new name to you that I plan to start covering: Perpetua Resources Corp. . .this gold company appears to me to be one of the best I have seen."
Michael Parkin, National Bank of Canada
(9/5/24)
"We are initiating coverage of Perpetua Resources Corp. with an Outperform rating. . .we see potential for significant further upside despite the strong share price performance year to date."
Mike Niehuser, ROTH Capital Partners
(9/5/24)
"The U.S. Forest Service announced its intent to publish a final environmental impact statement and favorable draft record of decision on Perpetua Resources Corp.'s Stibnite project. . .this is validation of a vital project with strong economics, important to national security and a once in a generation opportunity to restore fish habitat. . .[we are] maintaining our Buy rating and increasing the price target."
Mike Kozak, Cantor Fitzgerald
(9/5/24)
"The U.S. Forest Service, the lead federal permitting agency on Perpetua Resources Corp.'s Stibnite gold-antimony project (Idaho), has completed the final environmental impact statement and will be issuing a draft record of decision authorizing the project. . .[this is a] critical derisking milestone achieved."
Mike Niehuser, ROTH Capital Partners
(9/3/24)
"Perpetua Resource Corp.'s Stibnite gold project may become the U.S.' sole domestic source of antimony. China plans to impose controls on its export of antimony on Sept. 15, 2024; it produces about 63% of the antimony imported by the U.S."
6/5/2026 – Perpetua Resources Reports Results of 2026 Annual Meeting
6/1/2026 – Perpetua Resources Advances Construction of the Stibnite Gold Project
Important Disclosures
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Warrants
A stock warrant gives the holder the right, but not the obligation, to buy or sell a specific number of shares of a company's stock at a predetermined price (strike price) within a certain time frame. A stock warrant is issued directly by the company.
Strike Price
Number
Expiry Date
$31.46
953,743
10/28/26
$31.46
397,393
10/28/26
$31.46
133,333
12/01/26
$34.95
953,743
10/28/27
$34.95
397,393
10/28/27
$34.95
133,333
10/28/27
$38.45
953,743
10/28/28
$38.45
397,393
10/28/28
$38.45
133,333
10/28/28
Restructures
A stock restructure (or capital restructure) in the context of stocks generally refers to a broader set of corporate actions that change a company's capital structure–the mix of debt and equity, or the way shares are organized and distributed. This can include changes to the number of shares outstanding, share classes, or ownership proportions.
Date
Old Symbol
Old Shares
New Symbol
New Shares
02/18/21
MDRPD:NASDAQ
1
PPTA:NASDAQ
1
02/18/21
MAX:TSX
1
PPTA:TSX
1
01/29/21
MDRPF:NASDAQ
10
MDRPD:NASDAQ
1
01/29/21
MAX:TSX
10
MAX:TSX
1
12/16/02
E:TSX
1
MAX:TSX
1
*Share Structure & Warrant Information as of 8/18/2026
Investing Highlights
Attractive valuation with upcoming milestones.
Recently appointed a new VP of Projects to lead construction readiness activities
Share prices trades at a significant value to our project's net present value and expect a re-rating once permitting process advances
Streetwise Company Fact Sheet
