Perpetua Resources Corp. Announces Wright Michael Stephen Sold 10,000 Shares.

Perpetua Resources Corp. (PPTA) has announced that Michael Stephen Wright has sold 10,000 shares at $18.31 per share on September 2, 2025.

Perpetua Resources Corp. (PPTA), a company focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in central Idaho, has seen significant developments in its stock and projects. On September 2, 2025, Michael Stephen Wright sold 10,000 shares at $18.31 per share [1].

Since the company's last rating upgrade, shares of PPTA have experienced a rapid rise, gaining 49.76% and outperforming the S&P 500’s +6.94% [1]. This increase is attributed to the upward momentum in gold and antimony prices, as well as progress in the development of the Stibnite gold project [1]. The gold price has risen by about 18% since February 9, 2025, reaching $3,380.87 per ounce [1]. Meanwhile, interest in antimony trisulfide has improved due to its critical role in various applications, including defense [1].

The company has also seen a massive capital injection through equity offerings and private placements, raising $474 million for its mining project in Idaho [1]. Additionally, Perpetua Resources applied for project financing of up to $2 billion from the Export-Import Bank of the United States (EXIM) [1]. If approved, this debt financing could fund a majority of the Project's development costs, making it the only domestically mined source of antimony in the U.S. [1].

The Stibnite Gold Project is projected to be one of the highest-grade open-pit gold mines in the U.S., with 4.8M oz of gold reserves and an antimony reserve estimated at 148M lbs [1]. The project could meet 35% of U.S. antimony demand during its initial six years of production [1].

Given the current geopolitical climate and the need for safe havens, gold is expected to remain robust, with predicted gold price targets of $3,500 in 2025, near $3,900 in 2026, and $5,155 in 2030 [1]. When Perpetua Resources' Stibnite Gold projects enter commercial production, the gold price could be around $4,527.5 per ounce, 34% above current levels [1].

References:
[1] https://seekingalpha.com/article/4817564-perpetua-resources-idaho-facilities-nearing-development-vibrant-gold-antimony