Perpetua Resources

November 14, 2024

Perpetua Resources Announces Third Quarter 2024 and Recent Highlights

BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or “Perpetua” or the “Company”) announced today that its unaudited condensed consolidated financial results for the period ended September 30, 2024 were filed. 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, develop one of the largest and highest-grade open pit gold mines in the country and restore an abandoned brownfield site. Perpetua Resources is focused on advancing the permitting for the Stibnite Gold Project (“Stibnite Gold Project” or “Project”) through the National Environmental Policy Act (“NEPA”) process and construction readiness for the Project.

Third Quarter 2024 and Recent Highlights:

   Zero lost time incidents or reportable environmental spills.

   United States Forest Service (“USFS”) published the Final Environmental Impact Statement (“FEIS”) and issued a Draft Record of Decision (“DROD”) for the Stibnite Gold Project.

   The U.S. Fish and Wildlife Service issued its Final Biological Opinion on September 6, 2024 and the National Marine Fisheries Service issued its Final Biological Opinion on October 7, 2024.

   Engaged RBC Capital Markets and Endeavour Financial to assist with the evaluation of potential strategic and financing opportunities and to support the Company’s application process in connection with the Export-Import Bank of the United States (“U.S. EXIM”) $1.8 billion Letter of Interest received in April 2024.

“Perpetua Resources continued to gain momentum in the third quarter of 2024 and reached another major milestone with the U.S. Forest Service publishing a Draft Record of Decision and Final Environmental Impact Statement for the Stibnite Gold Project,” said Jon Cherry, President and CEO of Perpetua Resources. “We were excited to see the Draft Record of Decision outline the decision to authorize the project plan and look forward to delivering a win-win-win for Idaho, the environment, and America’s national security.”

Permitting and Construction Readiness Activities Update:

On September 6, 2024, the USFS published the FEIS and a DROD with respect to the Project. The publication of the DROD commenced a 45-day pre-decisional objection period, which expired on October 21, 2024. The objection period will be followed by another 45-day resolution period prior to the publication of the final Record of Decision (“ROD”). The resolution period is expected to expire on or about December 5, 2024, which may be extended by the USFS in its sole discretion. Based on the USFS schedule published in October 2024, the ROD is anticipated to be published by the end of 2024. Perpetua also continued to advance work on several ancillary permits which are being progressed in parallel with the NEPA process. Construction Readiness activities during the third quarter focused on basic, value and detailed engineering for the Project.

https://www.investors.perpetuaresources.com/...-quarter-2024-2h-mlx4l