BOISE, Idaho, Aug. 26, 2021 /PRNewswire/ - Perpetua
Resources Corp. (Nasdaq: PPTA) (TSX:
PPTA) ("Perpetua Resources" or the "Company") is
pleased to announce that, in connection with the Company's
previously announced underwritten marketed public offering of
common shares (the "Offering"), B. Riley Securities, Inc. and
Cantor Fitzgerald Canada Corporation (together, the "Underwriters")
have exercised in full the over-allotment option (the
"Over-Allotment Option") to purchase an additional 1,428,572 common
shares at a price of US$5.25 per
common share. The sale of these additional common shares was
completed today for aggregate gross proceeds to the Company of
approximately US$7.5 million, which
brings the aggregate gross proceeds of the Offering to
approximately US$57.5 million.
The Company expects to use the net proceeds of the Offering and
the exercise of the Over-Allotment Option to continue permitting,
early restoration and field operations, engineering and design at
the Stibnite Gold Project and for general corporate purposes.
No securities regulatory authority has either approved or
disapproved the contents of this press release. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the common shares in
any province, state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such province, state
or jurisdiction.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS OR
INFORMATION
Certain statements contained in this news release constitute
forward-looking statements or "forward-looking information" within
the meaning of applicable Canadian and United States securities laws
("forward-looking statements"). Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or describes
a "goal", or variation of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking
statements in this news release include, but are not limited to,
information and statements regarding plans to supply a portion of
the expected antimony production from the Stibnite Gold Project to
Ambri Inc. and the anticipated use of proceeds from the
Offering.
Forward-looking statements are neither historical facts nor
assurances of future performance, instead they reflect the
Company's beliefs and assumptions based on information available at
the time the statements were made. Actual results or events may
differ from those predicted in these forward-looking statements.
The Company does not undertake any obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise. All of the Company's
forward-looking statements are qualified by the assumptions that
are stated or inherent in such forward-looking statements,
including the assumptions listed below. Although the Company
believes that these assumptions are reasonable, this list is not
exhaustive of factors that may affect any of the forward-looking
statements. The key assumptions that have been made in connection
with the forward-looking statements include the following: the
impact of COVID-19 on the business of the Company; the regulatory
regime governing the business of the Company; the operations of the
Company; the growth of the Company's business; the integration of
technology; and the impact of litigation on the Company.
Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors that may
cause actual results, performances or achievements to be materially
different from any future results, predictions, projections,
forecasts, performances or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
following: risks related to the Company's business and financial
position; fluctuations in the market price of the company's common
shares; that the Company may not be able to accurately predict its
rate of growth and profitability; the risk that the parties may not
come to final agreement upon volume, pricing and/or other terms or
conditions necessary in order to complete the supply of antimony
produced from the Stibnite Gold Project to Ambri Inc. on mutually
acceptable terms; risks of either party being unable to fulfill the
terms of the supply agreement with Ambri Inc. by virtue of delays
and/or other hindrances to reaching production on the part of
Perpetua Resources and/or commercialization on the part of Ambri
Inc., as applicable; the failure of the Company to use any of the
proceeds received from the Offering in a manner consistent with
current expectations; and other unforeseen events, developments, or
factors causing any of the aforesaid expectations, assumptions, and
other factors ultimately being inaccurate or irrelevant and those
factors discussed in greater detail under the "Risk Factors"
section of the Prospectus Supplement of the Company dated
August 13, 2021 and our Annual
Information Form dated March 15, 2021
for the year ended December 31, 2020,
each available under the Company's profile on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov, and should be considered
carefully by prospective investors.
If any of these risks or uncertainties materialize, or if the
opinions, estimates or assumptions underlying the forward-looking
information prove incorrect, actual results or future events might
vary materially from those anticipated in the forward-looking
information. Although the Company has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
The Company disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events, or otherwise, except in accordance with
applicable securities laws.
About Perpetua Resources and the Stibnite Gold
Project
Perpetua Resources Corp., 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 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. Further
advancing Perpetua Resources' ESG and sustainable mining goals, the
Project will be powered by the lowest carbon emissions grid in the
nation and a portion of the antimony produced from the Project will
be supplied to Ambri Inc., a U.S.-based company commercializing a
low-cost liquid metal battery essential for the low-carbon energy
transition. In addition to the Company's commitments to
transparency, accountability, environmental stewardship, safety and
community engagement, Perpetua Resources adopted formal ESG
commitments which can be found here.
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SOURCE Perpetua Resources Corp.