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Perpetua Resources Updates on First Quarter 2025 Achievements

Perpetua Resources Corp., listed on both Nasdaq and TSX (PPTA), recently released its first quarter financial results for 2025 that highlighted key successes and strategic moves towards expanding its Stibnite Gold Project in Idaho. The company's commitment to providing a domestic source of crucial minerals, including antimony and gold, drives its current operations.

Financial Performance Overview
As of March 31, 2025, Perpetua Resources reported its unaudited condensed consolidated financial statements, reflecting a solid start to the fiscal year. Importantly, there were zero lost-time incidents or reportable environmental spills, underscoring the company's adherence to safety and environmental standards. These achievements are a testament to Perpetua's responsible mining approach amidst rigorous regulatory frameworks.

Key Highlights from Q1 2025
Among the significant developments during the first quarter were:

• - Successful Final Record of Decision (ROD): The U.S. Forest Service issued a favorable ROD for the Stibnite Gold Project, marking a major milestone in the project’s advancement. This decision lays the groundwork for moving forward with construction plans and permits.
• - Engineering Progress: Basic engineering tasks have been concluded along with a cost update for the project, providing a clearer financial picture moving forward.
• - Power Line Procurement: A procurement contract was executed with Idaho Power for essential long-lead items regarding the power lines required for the project. This step is crucial for ensuring that the project can meet its energy needs efficiently.
• - Industry Recognition: Perpetua Resources was added to both the Market Vectors Junior Gold Miners Index and the VanEck Junior Gold Miners ETF, enhancing its visibility and credibility in the market.
• - White House Support: Notably, the Stibnite Gold Project has been recognized as a priority by the White House, which aligns with national interests in bolstering domestic mineral production.

Jon Cherry, President and CEO of Perpetua Resources, expressed optimism about these developments: _“Beginning 2025 with such a significant milestone like the Final Record of Decision is unprecedented for our company. This recognition as a Transparency Project by the White House emphasizes the strategic importance of our asset.”_

Looking Ahead
Perpetua's future plans involve aggressively pursuing the remaining necessary permits and securing project financing to commence construction at the Stibnite Gold Project. The strategic approach involves not only producing gold but also reviving an abandoned site to create environmental benefits alongside economic ones. The project will rely on a low-carbon emissions grid, reinforcing the company's commitment to sustainability and green mining practices.

Community and Environmental Commitment
Perpetua Resources is also keen on engaging with the local community throughout its mining operations and ensuring that all actions taken are in line with their Environmental, Social, and Governance (ESG) commitments. The aims extend to providing antimony for use in defense applications, thus addressing national security needs. The production of antimony from the Stibnite deposit is particularly noteworthy as it remains the only mined source in the U.S. that meets the defense industry’s requirements.

Investment Caution
It is important to highlight that while the company has made substantial progress, investors should note that the project’s listing as a Transparency Project does not guarantee federal support or funding. Future developments will hinge on ongoing compliance with regulatory requirements and market conditions.

In conclusion, Perpetua Resources enters 2025 with a strong foundation laid for significant project advancements while keeping safety and sustainability at the forefront of its operations. The company remains committed to reshaping the mining landscape in Idaho and the broader U.S. by providing essential resources responsibly.