Perpetua Resources Corp. announced a $255 million private placement, raising $180 million from Agnico Eagle Mines Limited and $75 million from JPMorgan Chase. The transaction was priced at $23.30 per share, the closing price of the company’s common stock on Nasdaq on Friday, October 24, 2025, and involved the issuance of 7,725,321 shares to Agnico Eagle and 3,218,884 shares to JPMorgan Chase.
The private placement includes warrants: Agnico Eagle will receive warrants to purchase up to 2,861,229 shares at 35%, 50%, and 65% premiums over one, two, and three years, while JPMorgan Chase will receive warrants to purchase up to 1,192,179 shares at the same premium schedule. The deal is expected to close on or about October 28, 2025, and the proceeds will be used for development, exploration, working‑capital costs, and general corporate purposes.
This financing event follows Perpetua’s recent $474 million equity raise and its application for up to $2 billion in U.S. EXIM debt financing. The injection of capital signals confidence from major investors and positions the company to secure remaining project financing, accelerate construction readiness, and advance the Stibnite Gold Project toward production.
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