Perpetua Resources (PPTA) Q4 2024 earnings summary

Executive summary

• Advanced Stibnite Gold Project toward construction decision, focusing on permitting and financing.

• Achieved zero lost time incidents or reportable environmental spills in 2024.

• Appointed Jonathan Cherry as new President, CEO, and Director.

Financial highlights

• Awarded up to $34.4M in additional funding under the Technology Investment Agreement (TIA) via the Defense Production Act.

• Received indication for up to $1.8B in potential project financing from U.S. EXIM Bank.

• Closed $33.6M equity financing in November 2024.

Outlook and guidance

• Project is positioned to produce gold and the only mined source of antimony in the U.S.

• Ongoing focus on securing final permits and project financing to move to construction.

• Forward-looking statements highlight expectations for timely permitting and sufficient financing.