PERPETUA RESOURCES CORP.
perpetuaresources.comPerpetua Resources Corp (NASDAQ: PPTA) is a mineral development company advancing the Stibnite Gold Project, a gold and antimony mine under construction in Idaho. The company generates no operating revenue. It funds operations through equity issuances, grant income, and interest income while spending on exploration, pre-development, and construction-readiness activities. Net loss for the year ended December 31, 2025 was $100.4 million, compared with $14.5 million for the year ended December 31, 2024, driven by $121.3 million in exploration and pre-development expense as construction-readiness activity ramped up. Perpetua holds what the company describes in its 10-K (filed 2026-03-31) as the only antimony reserves in the United States. Total estimated capital cost to develop the project was approximately $2,576 million as of the fourth quarter of 2025. The company is incorporated in British Columbia and had 47 full-time employees as of December 31, 2025. No dividends have been paid and none are expected in the foreseeable future.
Products & Services
Single-asset development company focused on the Stibnite Gold Project in Idaho, targeting gold and antimony production. Antimony is classified as a critical mineral. A $139.0 million reclamation performance bond (surety bond) was posted on October 17, 2025 covering the project's construction phase. A drilling program initiated in Q4 2025 completed 4 exploration and 15 geotechnical holes totaling 9,136 feet.
Revenue Model
Pre-revenue development-stage company. Income consists of grant income and interest income. Operating cash is consumed by exploration, pre-development, and general and administrative expenses. Future revenue, if any, would come from gold and antimony production once the Stibnite Gold Project reaches commercial operation, subject to project financing of approximately $2,576 million (estimated as of Q4 2025).
Customers & Markets
No customers as of the filing date. Intended end markets upon production would be gold and antimony buyers. Antimony is a critical mineral with domestic supply interest from the U.S. government, potential producers, and processors per the 10-K filed 2026-03-31.
Geographic Exposure
Single-project company operating in Idaho, United States. 34 of 47 full-time employees were based in Idaho as of December 31, 2025. Corporate structure is incorporated in British Columbia, Canada.
Financial Snapshot
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