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Perpetua Resources Announces $255 Million Strategic Equity Investment from Agnico Eagle and JPMorganChase
Perpetua Resources Announces $255 Million Strategic Equity Investment from Agnico Eagle and JPMor...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n\n\nPerpetua Resources Announces $255 Million Strategic Equity Investment from Agnico Eagle and JPMorganChase\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nAgnico Eagle to invest $180 million in equity and companies to create a joint technical and exploration advisory committee\n JPMorganChase's $1.5 trillion Security and Resiliency Initiative to invest $75 million in equity\nBOISE, Idaho, Oct. 27, 2025 /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (\"Perpetua Resources\" or \"Perpetua\" or the \"Company\") announced that the Company has entered into agreements to raise $255 million in equity investments from Agnico Eagle Mines Limited (\"Agnico Eagle\") and JPMorganChase (together the \"Private Placement\"). The Private Placement comes days after Perpetua Resources broke ground on the Stibnite Gold Project (\"Project\"). Located in central Idaho, the Project is expected to produce the only domestic reserve of the critical mineral antimony, become one of the highest-grade gold producers in the United States, and provide environmental restoration to an abandoned mine site. The Company believes the Private Placement is a better financing alternative for shareholders than pursuing a gold royalty or stream. Agnico Eagle has agreed to invest $180 million in common shares and receive warrants to purchase up to 2,861,229 common shares priced at 35%, 50% and 65% premiums over one, two, and three year periods, respectively. JPMorganChase has agreed to invest $75 million in common shares and receive warrants to purchase up to 1,192,179 common shares priced at 35%, 50%, and 65% premiums over one, two, and three year periods, respectively. The Private Placement was priced at $23.30 per common share, being the closing price of the Company's common stock on Nasdaq on Friday, October 24, 2025. \n\"The investments from Agnico Eagle and JPMorganChase are a vote of confidence in the Stibnite Gold Project and America's critical mineral strategy,\" said Jon Cherry, President and CEO of Perpetua Resources. \"Inve...