Perpetua Resources gains on investment from Agnico Eagle and J.P. Morgan

Perpetua Resources

27/10/2025 11:42

** Shares of mining company Perpetua Resources PPTA.O rise 4.3% to $25.22 premarket

** PPTA enters agreement to raise $255 million in equity investments from Agnico Eagle Mines AEM.TO and J.P. Morgan

** AEM will invest $180 million in common shares and get warrants to buy up to 2,861,229 shares at premiums of 35%, 50%, and 65% over the next three years

** AEM agrees to purchase 7.7 million common shares in the company, resulting in 6.5% stake

** As part of the investment, Agnico Eagle and Perpetua expect to form a joint technical and exploration advisory committee

** J.P. Morgan to invest $75 million in common shares and receive warrants to buy up to 1,192,179 shares at prices 35%, 50%, and 65% premiums over the next three years

** PPTA looks to use the proceeds for the development of the Stibnite Gold Project in Idaho

** Up to last close, PPTA up 118.3% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))