Perpetua Resources Corp. (PPTA): history, ownership, mission, how it works & makes money

Perpetua Resources Corp. (PPTA): history, ownership, mission, how it works & makes money

US | Basic Materials | Other Precious Metals | NASDAQ

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A Brief History of Perpetua Resources Corp. (PPTA)

Company Overview

Perpetua Resources Corp. is a mineral exploration and development company focused on the Stibnite Gold Project located in Valley County, Idaho.

Financial Performance

Fiscal Year Revenue Net Loss Cash Position
2023 $0 $38.5 million $80.4 million

Project Details

Stibnite Gold Project Key Metrics:

  • Estimated mine life: 12 years
  • Projected annual gold production: 250,000 ounces
  • Estimated initial capital cost: $1.1 billion

Stock Information

Stock Symbol Exchange Trading Price (2024) Market Capitalization
PPTA NASDAQ $1.87 $298 million

Operational Highlights

The company continues permitting and environmental assessment processes for the Stibnite Gold Project.



A Who Owns Perpetua Resources Corp. (PPTA)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
Van Eck Associates Corp 3,416,102 9.45%
BlackRock Inc. 2,881,414 7.97%
Dimensional Fund Advisors LP 1,943,525 5.38%

Top Insider Ownership

  • Laurel Sayer (President & CEO): 244,939 shares
  • Mark Ahrens (CFO): 78,225 shares
  • David Strang (Chairman): 126,500 shares

Ownership Structure

Public Float: 36,140,000 shares

Total Outstanding Shares: 42,300,000 shares

Institutional Ownership Breakdown

Total Institutional Ownership: 28.5%

Mutual Funds Ownership: 12.3%

Hedge Funds Ownership: 6.2%



Perpetua Resources Corp. (PPTA) Mission Statement

Company Overview

Perpetua Resources Corp. is a mineral exploration and development company focused on the Stibnite Gold Project located in Valley County, Idaho.

Strategic Focus Areas

  • Responsible development of critical mineral resources
  • Gold and antimony production in the United States
  • Environmental remediation of historic mining sites

Financial Metrics

Metric Value (as of 2024)
Market Capitalization $246.8 million
Current Stock Price $3.42
Estimated Project Capital Expenditure $1.2 billion

Project Specifications

Parameter Specification
Project Location Valley County, Idaho
Estimated Annual Gold Production 250,000 ounces
Estimated Annual Antimony Production 25 million pounds
Projected Mine Life 12 years

Environmental Commitments

  • Comprehensive environmental restoration plan
  • Reduction of historic environmental contamination
  • Implementation of advanced water treatment technologies

Key Resource Estimates

Resource Quantity
Proven Gold Reserves 3.4 million ounces
Probable Gold Reserves 2.9 million ounces
Antimony Reserves 168 million pounds


How Perpetua Resources Corp. (PPTA) Works

Company Overview

Perpetua Resources Corp. is a mineral exploration and development company focused on the Stibnite Gold Project in Idaho, USA. As of 2024, the company is headquartered in Coeur d'Alene, Idaho.

Project Location and Characteristics

The Stibnite Gold Project is located in Valley County, Idaho, covering approximately 6,500 acres of unpatented mining claims.

Project Metric Value
Estimated Initial Capital Cost $1.1 billion
Projected Annual Gold Production 250,000-300,000 ounces
Mine Life Approximately 12 years

Financial Performance

As of Q4 2023, Perpetua Resources reported:

  • Cash and cash equivalents: $64.1 million
  • Total assets: $177.4 million
  • Net loss: $24.3 million for the fiscal year 2023

Resource Estimates

Mineral Resource Quantity Grade
Gold 5.9 million ounces 0.87 g/t
Antimony 94 million pounds 0.22%

Operational Strategy

The company focuses on:

  • Obtaining necessary permits for mine development
  • Advancing environmental remediation efforts
  • Conducting ongoing feasibility studies

Environmental Commitments

Perpetua Resources emphasizes environmental restoration, with a $150 million commitment to environmental remediation at the Stibnite site.

Stock Information

Stock Exchange Ticker Symbol Average Trading Volume
NASDAQ PPTA 250,000 shares per day


How Perpetua Resources Corp. (PPTA) Makes Money

Primary Business Model

Perpetua Resources Corp. focuses on developing the Lemhi Project in Idaho, a critical minerals site targeting rare earth elements and antimony.

Revenue Streams

As of 2024, Perpetua Resources has potential revenue from:

  • Rare earth element extraction
  • Antimony production
  • Potential future mineral sales

Financial Performance

Financial Metric 2023 Value
Total Revenue $0
Net Loss $34.7 million
Cash and Equivalents $53.7 million

Project Development Costs

Estimated capital expenditure for Lemhi Project: $1.1 billion

Mineral Resource Potential

Mineral Estimated Quantity
Rare Earth Oxides 11.6 million metric tons
Antimony 85.7 million pounds

Strategic Funding

  • Private equity investments
  • Government grants
  • Potential strategic partnerships

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