Perpetua Resources Corp. has successfully closed its upsized public offering, raising US$325 million through the sale of 24,622,000 common shares at US$13.20 per share. Concurrently, the company completed a US$100 million private placement of 7,575,757 common shares to Paulson & Co. Inc. This financing is part of a larger comprehensive package aimed at funding the Stibnite Gold Project. Following these transactions, Paulson's ownership in Perpetua decreased to approximately 31% from 35%. The company also granted underwriters an option to purchase an additional 3,693,300 common shares, potentially increasing the aggregate proceeds to US$374 million. These funds, along with anticipated debt and royalty financing, are intended to cover the project's US$2.2 billion construction costs and additional financial needs.
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