Perpetua Resources Corp. (PPTA) has released an update.
Perpetua Resources Corp. has secured an $8.5 million cash injection by selling a silver royalty from its Stibnite Gold Project to Franco-Nevada Corporation. The deal, which involves the transfer of future silver by-product revenue to Franco-Nevada, bolsters Perpetua’s liquidity and complements existing funding from the U.S. Department of Defense, aimed at advancing the Project’s permitting and construction readiness without diluting shareholder equity.
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