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Perpetua Resources Announces First Quarter 2026 Financial Results
BOISE, Idaho, May 11, 2026 /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today
About this update from Perpetua Resources Corp.
[{"type":"text","content":" BOISE, Idaho, May 11, 2026 /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or \"Perpetua\" or the \"Company\") announced today the filing of its unaudited condensed consolidated financial results for the period ended March 31, 2026. For details, please see the Company's filings available on EDGAR and SEDAR+. Perpetua Resources' vision is to provide the U.S. with a domestic source of the critical mineral antimony while developing one of the largest and highest-grade open pit gold mines in the Americas and restoring an abandoned brownfield site. The Company is currently advancing a comprehensive project financing plan along with detailed engineering, long-lead time procurement, early works construction activities and execution planning in anticipation of a final investment and construction decision in the second half of 2026. \"After breaking ground late last year at our Stibnite project, we maintained our momentum in Q1 2026,\" said Jon Cherry, President and CEO of Perpetua Resources. \"The first quarter saw considerable progress towards securing our comprehensive project financing plans with U.S EXIM and a final vote is expected in the coming weeks. Meanwhile, we significantly advanced detailed engineering, continued early works construction and began procurement for long-lead time items ahead of our Final Investment Decision expected in the second half of 2026.\" First Quarter 2026 and Recent Highlights The U.S. Export-Import Bank (\"U.S. EXIM\") Board posted the Congressional notice for an approximately $2.7 billion proposed senior secured loan for the Project. The notification period has since expired, and U.S. EXIM's board has advanced the loan to a final vote anticipated in the second quarter of 2026. The Company's loan has been placed on the agenda for the U.S. EXIM Board meeting on May 21, 2026, reflecting meaningful progress toward financing approval. The agenda is subject to change by the board of U.S. EXIM at any time, and there can be no assurance that the board will vote to approve the loan at the May 21 meeting, at a different meeting, or at all. If approved, the loan is expected to consist of approximately $2.2 billion for construction of the Project, financial assurance, and certain discretionary corporate and exploration costs, with the remainder comprising capitalized interes...