PERPETUA RESOURCES CORP. (TSX:PPTA): announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

16 Dec 2025capital raising announcement▲ GoodMajor

Perpetua selected engineering firm Hatch as EPCM (engineering/procurement/construction management) contractor for Stibnite, with Hatch separately investing $4 million in company stock; the company also raised $28.84 million more from a private investor (1 million shares plus warrants) as the share price kept climbing (now $28.84, more than double June's $13.20 offering price).

What it means for a shareholder

1.0m new shares at about C$28.84 to raise about C$28.8m. That's 0.814% dilution: every existing holder's slice gets 0.814% smaller. If you held C$1,000 of shares (35 at the issue price), your slice goes from 0.0000285% to 0.0000282% of the company. To keep it you'd need 0 more shares - about C$0 at the issue price.

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30 Oct 2025capital raising announcement▲ GoodMajor

Days after the Agnico/JPMorgan placement, Perpetua raised more capital in a follow-on public offering at $24.25/share, with Agnico exercising its new pro-rata right to buy additional shares and stay near its target ownership level.

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28 Oct 2025capital raising announcement▲ GoodMajor

Perpetua brought in major gold miner Agnico Eagle and JPMorgan as strategic investors, raising $255 million in a private placement at $23.30/share (nearly double June's offering price) plus warrants; Agnico gets board-adjacent rights including a joint technical committee and can grow to 8.6% ownership, alongside cash on hand and a pending application for up to $2 billion in US EXIM Bank project financing.

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14 July 2025capital raising announcement▲ GoodMajor

Underwriters exercised their over-allotment option in full for an extra ~$49 million, bringing the total June 2025 financing package (public offering plus Paulson's private placement) to roughly $474 million gross.

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16 June 2025capital raising announcement▲ GoodMajor

The offering closed upsized to 24.6 million shares (~$311 million net), alongside a concurrent $100 million private placement to top shareholder Paulson & Co (exercising pro-rata rights from a 2016 agreement) - together raising roughly $411 million, though the new shares diluted Paulson's stake from 34.6% to about 31%.

What it means for a shareholder

24.6m new shares at about C$16.71 to raise about C$411m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held C$1,000 of shares (60 at the issue price), your slice goes from 0.000084% to 0.0000624% of the company. To keep it you'd need 21 more shares - about C$351 at the issue price.

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12 June 2025capital raising announcement▲ GoodMajor

Perpetua announced a $300 million bought-deal share offering (22.7 million shares at $13.20) to help fund Stibnite construction, with an option for underwriters to buy 15% more.

What it means for a shareholder

22.7m new shares at C$13.20 to raise about C$300m. That's 24% dilution: every existing holder's slice gets 24% smaller. If you held C$1,000 of shares (76 at the issue price), your slice goes from 0.000106% to 0.0000806% of the company. To keep it you'd need 24 more shares - about C$317 at the issue price.

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