Company Overview

Perpetua Resources Corp. is a North America–focused mineral exploration and development company operating in the precious metals and critical minerals mining industry. The company’s core business is the exploration, permitting, and planned development of the Stibnite Gold Project, a large-scale gold and antimony project located in Idaho, United States. Its primary revenue drivers are expected to be future gold production and the supply of antimony, a designated critical mineral for U.S. national security and defense supply chains.

The company traces its origins to earlier exploration entities active in Idaho’s historic Stibnite mining district, an area with decades of prior mining activity. It was formerly known as Midas Gold Corp. and rebranded as Perpetua Resources Corp. in 2021 to reflect a broader mission encompassing environmental restoration, responsible mining, and domestic critical mineral supply. The company is uniquely positioned as the only domestically permitted large-scale antimony resource under advanced development in the United States, aligning its strategy with federal critical minerals and infrastructure priorities.

Business Operations

Perpetua Resources operates primarily through its wholly owned subsidiary Midas Gold Idaho, Inc., which holds the mineral claims and project assets associated with the Stibnite Gold Project. The company currently generates no operating revenue and is classified as a development-stage issuer; its activities focus on project permitting, engineering, environmental remediation planning, and financing. The Stibnite Gold Project is designed as an integrated open-pit mining operation with on-site processing facilities and significant legacy site cleanup obligations.

Operations are concentrated in the United States, with no active mining production elsewhere. The company controls mineral resources containing gold, silver, and antimony, and plans to use conventional milling, flotation, and pressure oxidation technologies. Perpetua has engaged multiple engineering, environmental, and mining services providers and has worked closely with U.S. federal agencies through the National Environmental Policy Act (NEPA) process, culminating in a finalized federal permitting decision.

Strategic Position & Investments

Perpetua’s strategic direction centers on advancing the Stibnite Gold Project toward construction while aligning with U.S. policy objectives related to critical minerals security, domestic supply chain resilience, and environmental restoration. A key strategic milestone was securing a Record of Decision from U.S. federal regulators, which authorizes the project subject to final conditions. The company has also received significant support from U.S. government entities, including conditional commitments for project financing tied to antimony production.

Major investments include ongoing capital expenditures for detailed engineering, early works, and environmental remediation planning. Perpetua has not pursued diversification through multiple mining assets, instead maintaining a single-asset focus to concentrate capital and expertise. Its strategic value is enhanced by antimony’s use in defense, energy storage, and flame-retardant applications, positioning the company within emerging critical minerals and national security frameworks.

Geographic Footprint

Perpetua Resources’ operational footprint is concentrated in North America, with its principal asset located in Idaho, United States, and corporate listings in Canada and the United States. The company is headquartered in Boise, Idaho, while its common shares trade on the Toronto Stock Exchange and the NASDAQ. All material mineral assets and operational activities are located within the United States.

Although geographically focused, the company’s influence extends internationally through its relevance to global gold markets and strategic antimony supply chains, which are currently dominated by foreign producers. Perpetua’s project has been positioned as a domestically sourced alternative to international antimony supply, particularly from China and Russia.

Leadership & Governance

Perpetua Resources is led by an executive team with experience in mining development, permitting, and capital markets, emphasizing disciplined project execution, regulatory compliance, and stakeholder engagement. The company’s governance framework reflects public-company standards in both Canada and the United States, with oversight from an independent board of directors.

Key members of the leadership team include:

• Jon Cherry – President and Chief Executive Officer
• Chris Given – Executive Vice President and Chief Development Officer
• Catherine Raw – Chief Financial Officer
• Holly Koehler – Vice President, Communications and External Affairs

Management has articulated a strategic vision centered on responsible resource development, environmental restoration of historic mine impacts, and alignment with U.S. critical mineral and infrastructure priorities, while maintaining compliance with public-market governance and disclosure standards.