Perpetua Resources Plunges 16.19% Amid $300M Financing Deal

On June 12, 2025, Perpetua Resources experienced a significant drop of 16.19% in pre-market trading, sparking investor concern and speculation.

Perpetua Resources Corp. (PPTA) trading was halted on June 11, 2025, pending news. This halt was initiated by the Canadian Investment Regulatory Organization (CIRO), affecting all issues of the company. The halt occurred at 1:10 p.m. PT, leaving investors in the dark about the impending announcement.

The halt in trading was followed by an announcement from Perpetua Resources regarding a $300 million financing deal for its Stibnite project. This significant financing is aimed at advancing the project, which is crucial for the company's future growth and market position. The financing deal is part of the company's broader strategy to secure its domestic antimony supply chain, which is essential for various industrial applications.

Additionally, Perpetua Resources has secured $400 million in equity financing. This substantial investment is expected to bolster the company's financial position, enabling it to navigate challenges posed by climate change, geopolitical tensions, and global trade conflicts. The equity financing is a testament to the confidence investors have in the company's long-term prospects and its strategic initiatives.