Perpetua Resources files Q3 results, talks highlights

Mr. Jon Cherry reports PERPETUA RESOURCES ANNOUNCES THIRD QUARTER 2025 AND RECENT HIGHLIGHTS Perpetua Resources Corp.'s unaudited condensed consolidated financial results for the period ended Sept. 30, 2025, have been filed. For details, please see the company's filings available on EDGAR and SEDAR. Perpetua Resources' vision is to provide the United States 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 full sanction construction decision in the spring of 2026. "Perpetua Resources broke ground on the Stibnite gold project on Oct. 21, 2025, marking a historical milestone for our stakeholders, the state of Idaho and our nation," said Jon Cherry, president and chief executive officer of Perpetua Resources. "We are proud to develop one of the most significant gold projects in the United States, which is expected to produce gold, along with antimony, for our military and industrial base. Following the successful equity offering in June and July, 2025, and upon receiving the notice to proceed from the United States Forest Service (USFS), we broke ground in October, 2025. Looking forward, we are focused on advancing our comprehensive project financing plan, including progressing the U.S. EXIM [Export–Import Bank] debt financing, with EXIM board consideration expected by the spring of 2026, continuing early works activity and resuming exploration activities on high-priority targets within the area approved in Perpetua's plan of operations." Third quarter 2025 and recent highlights: Zero lost-time incidents or reportable environmental spills; Full exercise of underwriter option for June equity offering for $49-million in gross proceeds closed July 14, 2025; Received the preliminary project letter and indicative term sheet from U.S. EXIM on Sept. 8, 2025, regarding the company's application for $2-billion in debt financing; Conditional notice to proceed received from the USFS on Sept. 19, 2025, authorizing project development upon placement of financial assurance; Issued request for proposal to assess technical and economic feasibility of off-site processing facilities from third parties to secure antimony for domestic uses; Appointment of Mark Murchison to succeed Jessica Largent as chief financial officer, effective Oct. 1, 2025; in addition, the company appointed Joe Fazzini as vice-president, investor relations, on Nov. 10, 2025; Began early works construction for the Stibnite gold project on Oct. 21, 2025, upon placement of financial assurance and receipt of the signed plan of operations from the USFS; Received $255-million in gross proceeds upon closing of a strategic equity investment from Agnico Eagle and JPMorgan on Oct. 28, 2025; Received $78-million in gross proceeds upon closing of a registered equity offering and concurrent private placement on Oct. 30 and 31, 2025. About Perpetua Resources Corp. and the Stibnite gold project Perpetua Resources, through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite gold project. The Stibnite gold project is one of the highest-grade open-pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony trisulphide from Stibnite is the only known domestic source of antimony that can meet U.S. defence needs for many small arms, munitions and missile types. We seek Safe Harbor.