Perpetua Resources Announces Sale Of Silver Royalty For $8.5M In Proceeds
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Perpetua Resources Corp. (NASDAQ:PPTA) has sold a silver royalty from its Stibnite Gold Project to Franco-Nevada for $8.5 million. This deal enhances Perpetua's liquidity, complementing funding from the Department of Defense, and supports its efforts to advance permitting and construction readiness. The transaction is part of Perpetua's strategy to minimize equity dilution while securing non-dilutive capital for the project, which aims to re-establish a U.S. source of the critical mineral antimony.
March 21, 2024 | 8:31 pm
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Perpetua Resources Corp. sold a silver royalty to Franco-Nevada for $8.5 million, enhancing liquidity and supporting the Stibnite Gold Project's development.
The sale of the silver royalty to Franco-Nevada for $8.5 million provides Perpetua Resources with significant liquidity, which is crucial for advancing the Stibnite Gold Project. This influx of non-dilutive capital is positive for the company's financial health and its ability to continue project development without diluting shareholder value. The transaction also underscores the project's potential and Franco-Nevada's confidence in it.
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