Perpetua Resources up after $71 mln stock sale, Agnico Eagle private placement

Perpetua Resources

29/10/2025 11:28

** Shares of antimony and gold miner Perpetua Resources PPTA.O up 0.6% premarket to $25.53 after overnight follow-on offering priced

    ** Boise, Idaho-headquartered PPTA late Tues sold ~2.9 mln shares at $24.25 for ~$71.2 mln gross proceeds

      ** In addition, if Agnico Eagle Mines AEM.TO fully exercises its participation right in a concurrent private placement, PPTA would issue an additional 280,415 shares for gross proceeds of $6.8 mln

        ** PPTA expects to use net proceeds from the transactions to fund construction and development of the Stibnite Gold Project in Idaho, and for other purposes

        ** Early Mon, PPTA said it entered an agreement to raise $255 mln in equity investments from AEM ($180 mln) and JPMorgan JPM.N ($75 mln) to help develop the mine

    ** PPTA has ~107.65 mln shares outstanding, per LSEG data, for roughly $2.7 bln market cap

    ** BMO, National Bank of Canada and RBC are joint bookrunners for the stock offering

    ** After nearly 7% rise on Mon, PPTA shares on Tues closed up 2.2% at $25.38

    ** Through Tues, stock up ~25% in Oct, and up ~138% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))